Dashboards showing ever-increasing levels of information are more and more in demand, but perhaps less and less understood. In particular, application teams selling products are pushed by their customers to include “high-level overviews” and “real-time information” in their software. But do they use that information? How often? And what for? Sometimes a dashboard is a critical piece of software enabling near-instantaneous responses to extinction-level business catastrophes.

Born and built in the cloud as an enterprise resource planning (ERP) solution, Oracle NetSuite enables organizations to create a unified view of their business. While it generates reports on enterprise performance, the platform wasn’t built to optimize the reporting process. For accounting and finance teams especially, the challenge makes it difficult to create flexible, customized financial reports.

Today’s business leaders face an uncertain economic landscape. In the aftermath of unprecedented business disruption in 2020, organizational decision-makers are turning their focus to new concerns. According to McKinsey research, supply chain disruption, inflation, and a growing labor shortage are now top concerns for the C-suite.

Doing more of the work you want, rather than must, is always the dream. And it’s just plain good business. However, many financial professionals feel that they get bogged down trying to find and connect data, rather than focusing on strategic insights.

Time is Money, they say. And when you waste time on onerous menial tasks instead of improvements, you aren’t spending your time, or money, wisely. When it comes to planning and analysis, the role of financial professionals is to provide insights that helps shape the direction of the entire organization. However, many financial professionals feel that they spend too much time trying to find and connect data, rather than focusing on strategic insights.

Ask any craftsman the secret to excellence, and you will likely hear that, in addition to skill, the craftsman needs the right tools for the project. The same can be said for finance teams as they work on operational reporting. The most skilled finance professionals still need the right tools to get the job done well.

Our valued partner, Deltek is a leading provider of software and information solutions for project-based businesses. Headquartered in Herndon, Virginia, the company leverages its expertise to maximize efficiency and revenue for clients through project intelligence, management, and collaboration.

In recent years, investors have been placing an increased emphasis on a range of environmental, social, and governance (ESG) issues resulting in ESG reporting becoming more important. These issues are garnering more attention from legislators and regulators from around the world. As a result, there are more demands on companies to report on their activities and practices and how they impact environmental and social sustainability.

Financial professionals in real estate contend with a wide array of responsibilities—managing financial statements, office space floors, signage, storage space, land, and more. Regulations and interest rates are in a state of constant flux, and they must be assessed as changes arise to build accurate reports.