High-growth companies can face many challenges, including the complexities that can arise when multiple companies are consolidated into one, new businesses are acquired, or existing departments are suddenly reorganized.
All these sudden changes can have an impact on the company’s financial reporting requirements by increasing the time that finance teams spend trying to adapt to the changes. To ensure that management remains up-to-date with accurate, timely financial reports, despite the continuous changes that affect the books, the financial reporting software should:
- Integrate with the company’s existing GL to avoid large investments in new software.
- Have the ability to pull financial data from multiple GLs and standardize into one unified reporting format.
- Be easy for everyone to learn and use, so there’s minimal disruption and no need to wait for help from consultants or IT.
- Produce mass volumes of perfectly formatted financial statements, auto-generated in seconds, then consolidated or sliced and diced as needed.
- Distribute reports to everyone on the list with 100 percent accuracy, with a single click.
- Make report updates easy by just changing them one time.
If your business is experiencing issues with financial reporting due to rapid growth, FYIsoft’s financial reporting software was designed for you!
Schedule a personalized tour of our software and let us show you how your financial reporting can switch to a high speed like the rest of your company.