Automated financial reporting

-65% production time

Producing periodic financial reports (monthly dashboards, management reporting, summaries for the executive committee) keeps controllers busy aggregating and formatting rather than analysing. APQC benchmarks put the median time to produce monthly consolidated statements at 6 calendar days, and more than 10 days for the bottom quartile.

The automated workflow

A structured process for fast, reliable results.

Connecting the sources

Data is extracted automatically from your management tools (ERP, accounting, BI) through secure connectors.

Calculation and aggregation

Management rules are applied, key indicators calculated and entities consolidated within the chosen scope.

Report generation

The report is produced in the defined format: tables, charts and narrative comments on the variances observed.

Automated distribution

The report is sent to recipients on a set schedule, with an alert as soon as a variance exceeds its threshold.

Tangible results

-65%

Reporting production time

Day 1

Reporting available (instead of day 5)

Traceable

Every figure linked to its source

Up and running in 4 to 6 weeks

From specification to deployment, with visible results from the first few weeks.

Rapid scoping (1 week)

Working prototype at the halfway point

Deployment and training included

Frequently asked questions: Automated financial reporting

The solution connects to the main ERPs (SAP, Oracle, Sage, Cegid) and BI tools (Power BI, Tableau). Custom connectors cover specific tools.

Yes, significant variances, trends and gaps against budget or the prior year are commented in writing, and your teams adjust the comments before distribution.

Yes, KPIs, presentation formats and calculation rules are fully configurable to match your management needs.

Multi-entity consolidation is supported natively, with the applicable elimination and currency conversion rules. Each entity can still have its own reporting.

More workflows: Finance

Under €3 per invoice processed

Automated supplier invoice processing

Processing a supplier invoice by hand costs between €12 and €16 all in, across data entry, account coding, matching with the purchase order and chasing approvals. Industry benchmarks put automated processing below €3. As volumes grow, repetitive data entry occupies accounting teams who would be better placed handling exceptions.

3 to 5 weeks

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-75% reconciliation time

Automated bank reconciliation

Reconciling bank statements with accounting entries takes several hours per account each month, and more again at high volumes. AICPA estimates put the error rate of manual processing at between 1 and 8% of transactions, and unresolved differences delay the close.

4 to 6 weeks

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-60% analysis time

Automated financial statement analysis

Analysing balance sheets, income statements and notes to extract key indicators and spot anomalies remains largely manual. Controllers spend their time collecting and calculating, at the expense of the interpretation and recommendations that give their work its value.

4 to 5 weeks

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See all workflows: Finance