CFO
As a CFO, you are under constant pressure to produce fast and accurate reporting on the company’s financial position. You need to cut down on manual administration and inconsistencies and focus on strategic work and advanced analysis. How many man hours are spent preparing financial statements and reports? Do you rely on unsecured spreadsheets for analysis? Can you perform analysis across ledgers into a single report? Zap Business Intelligence allows you to:
| “End-of-month reporting would typically be a 3-5 day process, but with Zap, we can now complete the same reporting in a single day.” | ||
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BI Gallery
Read our BI Gallery eBook for some of the finace dashboards and reports you can create with Zap to add value to your business. Can't read the eBook? Download a PDF |
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- Automate and improve reporting. End of month report processing is the bane of financial controllers and CFOs. Often managers or board directors need to understand company performance based on finance or inventory data, but don’t have the knowledge or time to compile or look at detailed views of data. Zap Business Intelligence provides an instant visual picture of performance, so that financial managers can easily communicate results to different audiences.
- Improve the accuracy and consistency of reports. As a CFO, you know that if a report contains mistakes or is late, it can be detrimental to the business. If reporting is inconsistent across departments, geographies and companies, it’s often ineffective. Zap Business Intelligence lets you take full control of reporting to ensure it’s reliable, on time, and consistent. Stop the use of unsecured spreadsheets by providing powerful functional pivot tables, so you can create list and aggregate reports, including financial statements such as P&L reports. Zap Business Intelligence makes reports easy to create and share, and they are constantly refreshed with the latest data from your business systems. You can also include dashboards, scorecards, KPIs, set up automated alerts and create business templates that can be used across multiple subsidiaries, business units or business systems.
- Gain insight into where you need to focus and improve. If you are spending all your time manually preparing end-of-month reports, cross-ledger analysis and consolidated views, you will probably have no time to add some real value by analyzing results and providing strategic advice. With Zap Business Intelligence, you can look at the big picture. Start analyzing early trends that signal the need for downsizing or expansion. Determine when and where capacity is falling short and do something about it. With the right analysis capabilities, you are empowered to ask questions and become more strategic.
- Be alerted instantly when performance changes. CFOs are time poor, but what if you could set up alerts so that you never missed anything important? Do you want to be automatically alerted when bank balances fall below set cash amounts? Do you want to be told when invoices fail to be paid within a set time period? With Zap Business Intelligence you can set up customized alerts to tell you exactly what you need to know, when you need to know it to enhance how you manage the finances of your organization.
- Free up cash. Do you know what your collections will be in three months time? Zap Business Intelligence drastically reduces the time and complexity usually required to conduct cash flow analysis. Free up cash flow by proactively analyzing payment patterns of accounts payables and receivables – for instance to highlight customers who are paying late, indicating a higher risk of default.
- Remove conflicting versions of data. Are you unable to make accurate decisions due to incomplete, inaccurate or erroneous sets of data? Do you sometimes disagree with sales managers on what the latest sales figures are? Do you find some employees keep their own “spreadsheet silos” that quickly get out of date and contain mistakes? Incomplete information in KPIs and reporting from various data sources makes accurate strategic planning difficult. Zap Business Intelligence gives you a single, central repository for all analysis and reporting, so there can be no mistake over what’s correct, and everyone sees the same thing.