Managing your company’s financials involves more than just crunching numbers with an end result in mind. It means working to improve your financials by staying on top of new developments. and making bold, yet practical decisions to retain workflow efficiency and data integrity – from beginning to end.
Consistency errors, time-consuming duplicate manual processing, and workflow interruptions can harm data integrity. In financials, busy isn’t always productive, and sticking with status quo stalls company growth.
Team Up with Your Controller
Because controllers have a handle on the key details in every business area, from project management to inventory, they know what makes each department tick or run amok. This makes them vital to streamlining your business processes, because better than anyone, they can pick out the weak points in your company’s workflow.
When CFOs and controllers join forces to strengthen and develop new business strategies, they produce winning results. It all starts with one conversation.
Ask the Right Questions
If your point guard is running offense on the wrong players, your team can can’t score. You’ve got to know where to look to uncover your issues so you can get your financial data swiftly traveling through the channels.
To get your most telling information about your company’s weak points, first, ask the right questions. This ensures your answers accurately identify reporting and data issues. It also helps measure whether or not your controller is employing the most relevant assessments for your growth.
Stop Excel from Stalling Your Reporting
Excel is useful for supplemental analyses, but relying on it too much for the core of your financials can drag reporting down. It’s static design can slow productivity, provide limited information, and lead to errors in reporting.
Using Excel this way may indicate your company lacks information about new developments in effective financial tools or sticks to a workflow comfort zone that no longer meets company needs.
There are stronger options out there that your team can be using to breathe life into your data, and keep it accurate, current and relevant.
Identify, Automate and Integrate for a Slam Dunk
Get with your controller to get to the bottom of your business workflow. To assess your processes to enliven your financials and bring on solutions that work with your metrics.
- Single out your problem areas are that are slowing things down.
- Identify critical risks that prevent your processes from adequately growing with your company.
- Discover how integrating financials with metrics can help solve timing issues.
By automating and integrating your operating metrics and financials, data stretches across departments seamlessly for consistency and accuracy in a way that will save your company money and time, to transform how your business works.
Bringing your company’s “a-game” may mean stretching comfort zones, but when you move from a static, limited program to a best-in-class secure cloud-based ERP system like Intacct, your data serves up the most it can for company goals.