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ERP and Finance: Exploring the Reporting and Analysis Gap

ERP and Finance: Exploring the Reporting and Analysis Gap

Pages 11 Pages

ERP systems streamline operations by integrating transactions, inventory, and ledgers, but their built-in reporting tools often fail finance teams. Out-of-the-box reports lack flexibility, cross-system integration, and advanced analysis, forcing reliance on manual spreadsheets that are slow, error-prone, and outdated. Operational reporting, dashboards, and financial statements are particularly limited, especially for multi-entity consolidations. Finance teams spend excessive time reconciling data and creating ad hoc reports, delaying month-end close. Closing the gap requires purpose-built reporting solutions that integrate with ERPs, provide near real-time access, support ad hoc analysis, and eliminate dependence on IT.

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