Reporting constitutes the basis for the decision making on C –suite beginning for CEO. BGA provides designs and set up of management reporting, giving suggestions on dashboards in BI tools. Cost accounting or consolidation tools are not excluded from these services as they are main pillars for the data in a management reporting.
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Grant Thornton's Management Reporting Services include:
| Problems Faced | Suggested Solutions or Trends |
|---|---|
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Delays in Financial Closing process
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Assess effectiveness of processes regarding Financial Close including closing calendars, timelines, key stakeholders
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Difficulty to retrieve data from unconnected systems
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Use a single source of truth by integrating systems and reducing manual effort diminishing risk of unstructured data
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Non common language between a group of companies
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Adopt new disruptive technologies (e.g.: workflow systems, RPAs to automate consolidation process)
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Limited Costing data to Systems
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Apply costing rules on systems and standardize processes
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Difficulty to combine information between systems
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Develop Management Reporting Framework including standardize processes, KPIs, metrics, dashboards using BI tools
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