And just as fast as it came, 2018 is ending. For many finance departments, it is a time to take a step back and reflect on the bottlenecks of the entire budgeting and reporting process.

Was this year´s close process manual, laborious, time-consuming, and error-prone? If you were frustrated by how you budgeted, planned, forecasted, reported or even consolidated then perhaps adapting an innovative approach for 2019 is not such a bad idea.

When the finance analysts´ time is wasted on gathering data, cross-checking figures and in fixing problems that plague voluminous spreadsheets, their ability to budget, forecast, and report with a high degree of accuracy and greater quality is compromised. To add to that, very little analysis happens because there just isn´t enough time to do everything.

2019 gives you a new opportunity to rid yourself and the entire finance team of the frustrations brought about by your use of Excel spreadsheets. 2019 is a time to assess your current process or even your current software to check if it is still delivering what you ought to achieve and if it will still carry your organization to where you want to be in the long-term.

Performance Canvas Financials allows your organization to standardize your accounting processes, increase your levels of automation, and to increase overall efficiency. Performance Canvas Financials is a complete and unified cloud software for financial reporting and analysis, budgeting, forecasting, and financial consolidation.

Read Also:  Why Zero-based Budgeting is Not Always the Right Approach

It is a tool that allows you to link your results to previous years and then analyze your current budget in just a click of a button; you can create reports using its ready-made templates or you create a report from scratch in just a few minutes using its drag and drop wizard; you can even easily do live forecasting in just a few clicks. Above all, consolidation is automated.

In 2019, let your software elevate your risks and controls and let it allow you to achieve financial planning and analysis process excellence.

The better you can budget, forecast, report, and consolidate, the better off your entire business will be and the happier your employees will be. Modernize your financial processes and invest in the right platform for your business. Visit www.performancecanvas.com or email info@dspanel.com to request for a free product demo or a free trial.

 

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About DSPanel
DSPanel offers cutting edge technology platform for business analytics, planning, and visualization. DSPanel designs, builds, and operates with the end users in mind. Performance Canvas was created by DSPanel to answer the unarticulated needs of the market not addressed by previous available solutions. With Performance Canvas, information is transformed into valuable business insights for the business executives to utilize in their decision-making process. DSPanel currently has over 2500 organizations deploying their solutions.
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