Finance requires a high-level view of business performance data in order to assess whether budgets will be met and which areas of the business need attention.
Some of the capabilities provided by Financial analytics include:
The ability to view the daily income statement, cash flow and balance sheet conditions without waiting for month-end closing.
Budget accountability for departmental managers with daily visibility into budget vs. actual performance.
Increased cash flow and working capital through more effective receivables, payables and inventory management.
Data-driven decision-making with timely and actionable information.
The General Ledger is a rich source of data for financial analytics. Get real-time information on the health of the business and quickly identify revenue and cost drivers.
Enhance your capital and revenue position through AR analytics. See top revenue contributors and overdue receivables at a glance. Have a view of your risk exposure for receivables and also have the capability to drill down to the invoice level.
View Accounts Payable reports at a glance, identify red flags and drill down into details, all from one dashboard. Analyze the impact of on-time and overdue payments. Improve your cash position and balance sheet liquidity by forecasting overdue and open items.