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Analytics & Reporting for Financial Reporting & Consolidation

Automated analytics & reporting function supporting Financial Reporting & Consolidation. Part of the Financial Reporting & Consolidation capability.

Business Outcome

time reduction in data consolidation and reporting preparation, reducing time from 1-2 hours to approximately 30-60 minutes.

Complexity:

Medium

Time to Value:

3-6 months

Why This Matters

What It Is

Automated analytics & reporting function supporting Financial Reporting & Consolidation. Part of the Financial Reporting & Consolidation capability.

Current State

(Traditional)

Data Collection: Gather financial data from various sources such as ERP systems, spreadsheets, and manual entries.
Data Validation: Verify the accuracy and completeness of the collected data through reconciliation processes.
Data Consolidation: Aggregate financial data from different departments or subsidiaries into a single dataset.
Reporting Preparation: Create financial reports using templates, often in Excel or reporting software.
Analysis: Perform variance analysis, trend analysis, and other financial analytics to derive insights.
Review & Approval: Share reports with stakeholders for review and approval, often via email.
Distribution: Distribute finalized reports to relevant stakeholders, including management and regulatory bodies.
Archiving: Store reports and data for future reference and compliance purposes.

Characteristics

• SAP ERP
• Oracle Financial Services
• Microsoft Excel
• Tableau
• Power BI
• Email

Pain Points

⚠ Manual data entry is time-consuming
⚠ Process is error-prone
⚠ Limited visibility into process status
⚠ Limited integration between systems leads to inefficiencies
⚠ High dependency on Excel for reporting can lead to version control issues
⚠ Inflexibility in adapting to regulatory changes
⚠ Scalability issues as the organization grows

Future State

(Agentic)

Data Collection Agent extracts data from ERP systems and spreadsheets.
Data Validation Agent checks the accuracy of the collected data and flags discrepancies.
Data Consolidation Agent aggregates validated data into a single dataset.
Reporting Agent generates financial reports using templates.
Analytics Agent performs analysis on the consolidated data.
Reports are sent to stakeholders for review.
Human oversight is required for final approval before distribution.
Reports are archived for compliance purposes.

Characteristics

• System data
• Historical data

Benefits

✓ Reduces time for Analytics & Reporting for Financial Reporting & Consolidation
✓ Improves accuracy
✓ Enables automation

Is This Right for You?

50% match

This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.

Why this score:

• Applicable across multiple industries
• Moderate expected business value
• Time to value: 3-6 months
• (Score based on general applicability - set preferences for personalized matching)