The problem runs so deep that only 4 percent of respondents to the world’s largest survey on enterprise agility report that “agile practices” actually make their organizations more responsive to changing market conditions

Adaptability is about arriving at decisions quickly and acting on them confidently. Since financial reports (ideally) offer a window into all aspects of company performance, both inside and outside finance, they give decision-makers invaluable insights into the strengths and weaknesses of the company as well as the obstacles and opportunities on the horizon. Great reporting makes it clear what to do next, but anything less does the opposite.

This is good news and bad news. It’s bad news because financial reporting is a struggle at many companies. It takes hours (or days) of work and distracts members of the finance team from other responsibilities. Yet despite all that effort, the process often produces reports that are unclear, incomplete, or outdated. Decision-makers may have reports to work with, but they can do little if anything to actually improve agility or outcomes.

Việc báo cáo tài chính có thể khó khăn nhưng tin tốt là việc đạt được những hiểu biết sâu sắc hơn trong thời gian ngắn sẽ dễ dàng hơn những gì các công ty có thể mong đợi. Công nghệ đã tạo ra một cuộc cách mạng về báo cáo và đối với các công ty tận dụng lợi thế của công nghệ, báo cáo là một tài sản quan trọng. Các công ty có báo cáo xuất sắc cũng có xu hướng trở thành một trong những công ty nhanh nhẹn nhất trong các ngành tương ứng của họ. Điều này giúp nhấn mạnh mối liên hệ chặt chẽ giữa báo cáo tốt nhất trong lớp và các công ty có tính cạnh tranh cao.

Companies eager to improve reporting need to embrace technology, but choosing the right reporting tool is key. After all, most companies already have reporting tools. Popular ERP products offer built-in reporting capabilities, and when those don’t suffice, companies may concoct their own inside Excel. However, even with these tools at their disposal, companies fail to produce the reports they need when they need them. This has many consequences, including the loss of agility.

No matter which reporting tool(s) you currently rely on, Naviworld offers an upgrade. We have developed a suite of products that are tailored to integrate with different ERP ecosystems, and all of which offer optimized reporting capabilities. Across the lineup, tools from Naviworld make reporting easy enough so that anyone can explore data at will and find insights on demand.

Arming decision-makers across the enterprise with the best, most current information helps them bring the future into focus while making the right course of action clear. In that way, these reporting tools make companies more agile and more accomplished simultaneously. When you’re ready to learn more about anything or everything, please contact with NaviWorld Việt Nam.

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