Let’s face it, month-end reporting can be a huge pain. This is especially true for middle market companies. As your business grows and becomes more complex, so do your monthly reporting packages. Oftentimes, this involves the painstaking process of tying together multiple data sources and heavy manual labor in Excel. Simply gathering all the data and ensuring 2+2=4 eats all of your time, and in the end, you may not have any time left for actual analysis.
That last part can be especially sticky for private equity CFOs, who are under immense pressure to find insights and pilot the transformation from fresh acquisition to a profitable asset. Boards want to see the data that will guide the way, and reporting is dead center in the equation.Read More