Reporting is a cloud app which allows automated and flexible reporting of the financial results and offers powerful analysis capabilities to understand financial performance.
Reporting financial results
One of the most important activities performed in an efficiently run business is the reporting and interpretation of financial results. Classic accounting activities cannot produce more than basic financial information. This cannot and should not be used by management as a tool for decision making.
Craft Solutions can help you create a reporting system for managing your business’ financial performance by finding the reporting format that best serves your needs for information (Profit & Loss, Balance Sheet, Cash-Flow, etc.) and automate it through the Reporting app, so that it will not become an extra burden for existing departments. The reporting system can be implemented even if you do not use a budget, although we recommend creating a budget and can help you implement such a tool.
Analyse the evolution of financial results
Today’s business environment evolves at a speed that was unimaginable only a few years ago. Businesses that succeed in adapting their systems to understand and explain the evolution of the elements influencing them every day are the ones that will be successful in this era of information and connectivity.
To ensure your business evolves along the desired path, you need to use an efficient and consistent system of analysis of results across all operational, market and support areas.
By using the Reporting system, you can keep an overview of the business’s financial results, but at the same time obtain enough detailed information to allow you to understand the developments in each business area and make informed and timely decisions.