Profit and Loss and Balance Sheets
Problem: the head of finance lacks a reliable tool to monitor her company’s financial health and explore KPIs from different angles and time dimensions. She needs to quickly identify bad performing revenues, cost centers, and financial ratios, but the information at hand is limited to static reports that are rarely up-to-date. Her analysts do their best to mix and match templates from their BI system and Excel files, using Vlookups and Index Matches. This manual work is extremely time consuming, and the result is too many different Excel templates, each of which has to be updated weekly and only provides a narrow, static view of financials. Time to action is too long and problems (opportunities) are very difficult to identify precisely.
Solution: a fully automated and integrated environment for P&L and Balance Sheet analysis, with drill-down capability and easy-to-spot performance indicators. The head of finance can view top-line KPIs instantly, as well as their performance relative to prior year or budget. Analysts can dig deeper by drilling down to specific accounts in the P&L and balance sheet, quickly spotting problems to be addressed. The finance team can now drive the business with smarter, faster decisions and feel in total control over financials.