Five Consolidated Financial Reporting Problems

Consolidated financial reporting is a process that many businesses undertake in order to properly measure their assets, liabilities, income, expenses and other factors. Yet due to the complexity and / or lack of properly integrated systems issues can and often do arise. Here are five common problems associated with consolidated financial reporting, as well as [...]

By |2020-09-07T20:45:45+10:00September 7th, 2020|Business Intelligence, CFO, Financial reporting, Unify|Comments Off on Five Consolidated Financial Reporting Problems

Consolidating Financial Statements

If your business users come into contact with different applications or methods for financial reporting, you know how frustrating it can be to consolidate and standardise the data so that it can be used in a meaningful way. The process often involves manually collecting data or entering it into another program. Despite your best efforts [...]

By |2020-07-31T10:55:49+10:00July 1st, 2020|Business Intelligence, CFO, Financial reporting, Unify|Comments Off on Consolidating Financial Statements

How ITeM can help finance professionals

Your Financial data   Data holds the key to important business insights, but it can also be the biggest barrier to getting answers. Finance teams and professionals are facing an increase in the volume of data available and the number of systems used to access this data. Gathering, preparing and validating data to provide accurate and reliable [...]

By |2020-07-29T18:21:38+10:00January 23rd, 2019|Business Intelligence, CFO, Financial reporting|Comments Off on How ITeM can help finance professionals

These are the 4 ways your financial reporting can go horribly wrong

Whether it’s using the wrong tools or “solutions” that solve nothing, we’ve heard some horror stories of financial reporting systems getting out of control. Some themes crop up repeatedly. If the following four common mistakes sound familiar, it might be time to re-assess your company’s business intelligence (BI). 1. Relying on Excel… For everything We [...]

By |2018-11-16T08:33:30+10:00July 2nd, 2016|Business Intelligence, CFO, Financial reporting, Key risks|Comments Off on These are the 4 ways your financial reporting can go horribly wrong

The four reasons Microsoft Excel is the biggest risk CFOs are ignoring in 2016

It’s the ubiquitous spreadsheet program, installed on billions of computers worldwide. Almost anything that can be performed with numbers can be done using it; and everyone in your business can open and interpret a spreadsheet. You have to question whether it is the best tool for the job, however, when a CFO is using the [...]

By |2017-03-29T12:40:12+10:00May 25th, 2016|CFO, Financial reporting, Key risks|Comments Off on The four reasons Microsoft Excel is the biggest risk CFOs are ignoring in 2016

How to choose the right BI tool for financial reporting (includes shortlist)

Every business has unique financial reporting requirements. For those organisations with larger and more complex requirements there’s a need to progress from basic spreadsheets to data-driven business intelligence (BI) systems and platforms. ITeM Group has been specialising in complex BI for financial reporting since 1999 – making us ideally placed to provide guidance on the [...]

By |2017-03-29T11:34:42+10:00April 18th, 2016|Business Intelligence, CFO, Financial reporting|1 Comment

The ultimate CFO guide to business intelligence

A Chief Financial Officer (CFO) doesn’t need to know every technical detail of their Business Intelligence (BI) system. They just need to know their BI is: A worthy investment The right fit for the business Capable of empowering executives and employees to make better decisions Accurate, reliable and easily audited Adaptable to the changing needs [...]

By |2017-03-29T11:35:20+10:00April 1st, 2016|Business Intelligence, CFO, Financial reporting|4 Comments