Reporting/Analyses

It’s a basic fact of business decision-making. Access to accurate data, and timely commentary and analytics is critical to making sound business decisions. And the pressure to provide that data and analysis to management is only becoming more intense. Uncertainty and volatility in the economy is increasing the need for frequent forecasting, project updates and roadmaps in most organizations.

OUR PERSPECTIVE:

In organizations Efficient financial management reporting and more Effective business decision-making might nappened thanks to:

Better Мeasurement of business performance

Standardization of corporate and business unit management reporting, linked to strategy.

‘One version of the truth’ for all consolidated information (integration of legal & managerial data streams).

Increased information Accuracy, Timeliness & Transparency.

Set-up of an organized-wide management Reporting Governance.

Flexible Self-service Reporting that allows central finance to slice & dice financial information based on business needs.

According to Deloitte Methodology for building and implementing Management Reporting Framework, there are five areas organized into three levers (see charter below), that have to be considered and decided in terms Reporting to achieve abovementioned goals. And the key for success is to Find the right balance to maximize insights for your Management.

By activating the 3 levers previously discussed, namely content flexibility, governance & systems, the Deloitte reporting framework enables an organization to maximize insights from both its transactional & BI data.

WHAT WE OFFER:

Developing management accounting and reporting systems results in the following:

An album of reporting forms containing a set of financial and non-financial performance indicators, giving the level of detail required for various user groups

Management accounting policy and description of management reporting principles

Analytical data books used for gathering data used for calculating and analysing indicators

Algorithms for calculating management reporting indicators

A model in MS Excel or similar system for producing a management reporting package based on actual and planned data

Regulations for management data gathering and reporting, specifying timing and employee responsibilities

Training of company staff on autonomous preparation of management reports

KEY INSIGNTS:

SURVEY REPORT

Developing insightful management reporting
by Deloitte
Survey responses suggest that data governance remains a challenge for many organisations. Poor data quality undermines confidence in finance outputs and saps energy which has to be sunk into remediation effort.

BROCHURE

How to meet top management reporting expectations?
by Deloitte
Top management reporting is expected to drive decision making and strategy execution through providing transparency and early warning.

WHITE PAPER

Management reporting: Let’s stop reinventing the wheel
by IBM
Survey responses suggest that data governance remains a challenge for many organisations. Poor data quality undermines confidence in finance outputs and saps energy which has to be sunk into remediation effort.