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Digging for Gold: How to Unearth Hidden Working Capital Issues with Real-Time Reporting Tools

Jet Global

It’s ironic that many of those same businesses fail to devote the necessary time and energy to optimizing working capital. You must often mark down or liquidate obsolete items, and the more inventory you have, the higher the risk of that happening. This is where the right third-party reporting tools can add significant value.

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Improving Cost Management in Business Services with Financial Reporting

Jet Global

Without effective record keeping, business and professional services firms run the risk of damaging hard won, trusted relationships with their clients, which can ultimately result in a loss of business and reputation. How Financial Reporting Can Help. It can help reduce risk and the cost of penalties due to inaccurate data.

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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

External Market Challenges are Hampering Finance Teams In 2023, the impact of external factors is clear as the optimism from the previous year has been replaced by pragmatism and realism. And on the other, internal pressures like the need for more frequent, accurate forecasting force CFOs to re-evaluate their existing tools and processes.

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Debt Covenant Reporting: A Quick Guide

Jet Global

By producing accurate and timely debt covenant reports, your company can mitigate any risks related to non-compliance, avoid default on your obligations relating to debts, and fend off any untimely events that could adversely affect your organization’s ability to operate at optimal efficiency.

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A Guide To The Top 14 Types Of Reports With Examples Of When To Use Them

datapine

With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies. Let’s look at it with an analytical report example. They are typically short-term reports as they aim to paint a picture of the present.

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Real-Time Reporting from Your Armchair

Jet Global

Some of these tools even support bidirectional data flow (for example, uploading sales forecasts or budget numbers back to an ERP system). Here are some tips for making optimal use of real-time reporting tools in a remote work environment. One potential risk of collaboration is providing too much information.

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Make Sure You Know The Difference Between Strategic, Analytical, Operational And Tactical Dashboards

datapine

Because of this, operational dashboards often are more detailed than strategic dashboards. They can also provide operational reports with a more detailed view of specific data sets. Operational dashboards help departments stay proactive and ahead of problems. b) Customer service operational metrics dashboard.