Financial Reporting – Flash Balance Sheet

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Do you require improved reliability, relevance and transparency of your financial reporting?

Do your current reports take too long to produce? Is your data out of date before it reaches you? Do you require reports to be produced in a shorter space of time while maintaining the same levels of reliability? Does manual intervention slow and make your process susceptible to errors? If you know about small or large changes in your balance sheet as they happened, would you act on them? Would your business be more agile if you had near real time data on your balance sheet?

Financial Institutions are under ever-increasing pressure from regulators to improve the reliability, relevance and transparency of their financial reports. There is intense pressure for these reports to be produced in ever shorter time periods, while maintaining the same levels of reliability and integrity. Despite this, our data often remains stored on incompatible and inflexible management systems and programmes, making it both time consuming and labour intensive to produce flash financial reports – restricting business leaders' overall visibility of exposure.

Project Brokers has developed a QlikView application which provides organisations with unparalleled insight into their operations, allowing them to leverage up-to-date, balanced scorecards and dashboard key performance indicators (KPIs). By bringing together different, segregated systems through our QlikView application, organisations can simplify their financial reporting and compliance with SOX, GAAP and IFRS as well as providing clear snapshots of the bank's financial standing prior to the month end results. Moreover, with the ability to easily construct "what if?" analysis, evaluate new scenarios and assess the performance of different business lines, the application enfranchises organisations through powerful and simple analysis, allowing end users to make data-driven decisions and thus have greater control.

Through the collation of numerous reports into a single interactive dashboard, our QlikView application not only reduces manpower and time to produce reports but collectively displays data in ways never seen before, with the ability to drill into trends to the underlying transactions. The overall quality of data is also improved as business leaders are able to quickly spot anomalies in data and Balance Sheet trends. This results in any discrepancies being reconciled prior to running the final end of month Balance Sheets.

The overall quality of data is also improved as business leaders are able to quickly spot anomalies in the Flash Balance Sheet reports.  This Results in any discrepancies being reconciled prior to running the final end of month Balance Sheets.

Our Flash Balance Sheet can help you to:

• Improve visibility and execute greater control over your assets
  
  
• Increase the frequency of meaningful reports
  
  
• Deliver fast turnaround reducing the time spent on producing and amending reports
  
  
• Provide detailed breakdown of Financial data
  
  

• Improve quality of data

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More Information

To organise a demo, or for more information about how Project Brokers can help with your financial reporting requirements, please get in contact: enquiries@projectbrokers.com

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