In order to drive future performance, today’s executive decision-makers require comprehensive insight into their organization. And they need this information to be available wherever and whenever—i.e. before critical management meetings, rather than as an accompaniment or afterthought. And that’s exactly what agile reporting is all about.
As the pace and pressure of business continue to intensify, finance is struggling to keep up with the increasing demands being placed upon it by the C-suite. When it comes to financial and performance reporting, the time to insight of the modern-day executive is short and getting shorter.
In short, the pressure is on finance teams to be able to deliver insightful, complex data faster and more reliably than ever before.
Insights Must Offer Agility
Rather than static, backward-looking reports that only indicate previous performance, reporting teams need to be able to deliver value-added insight that is accessible, actionable and forward thinking. These insights must also offer agility, as well as providing an overall ‘snapshot’ of performance, that executives need to be able to delve into the granular detail around specific aspects of performance as they wish, without having to sift through mounds of data.
“Insights must also offer the agility that executives need to be able to delve into the granular detail around specific aspects of performance.”
But in order to deliver this level of speed and flexibility, finance teams need the right support in place. And this means having the right tools. Traditional reporting relies heavily on manual, spreadsheet-based software that lacks financial intelligence and fails to offer the speed and control reporting professionals need to perform their role.
5 Pillars of Agile Reporting
- Full life-cycle governance of data and reporting
- Zero time to management
- Intelligent dashboard design and guided analytics
- Fully integrated reporting narrative
- Finance in control
By considering each of these pillars in detail, we look at the different ways financial and performance reporting teams can improve their work processes in order to add value to executive workflows. Get the whitepaper right now.