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Financialreporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. When using spreadsheets for financialreporting, these errors are amplified.
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Quick report generation: Planning Maestro allows you to quickly and easily build and distribute consolidated financialreports. Our software automates repetitive tasks to provide actionable, accurate reports while minimizing the burden on your team. Download unformatted financial results from the accounting solution 2.
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As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financialreports more quickly and efficiently. Sensitivity analysis. Faster publishing for financialreports and dashboards.
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Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financialreporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something. Are there companies in this space solving this problem?
Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financialreports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.
Disadvantages of Excel for Financial Forecasting. While Excel is not necessarily bad for dataanalysis or financial forecasting, it may not be the best option available to your business. To conduct financialdataanalysis, your business needs to test various hypothetical scenarios. Limited Visibility.
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