The importance of corporate reporting for small business

Corporate reporting for small business
To achieve efficient and successful work, organizations need something more than just correctly maintain accounting records and optimize taxation. The management and analysis of the current state and performance of business is also important and can be placed in the same category of important business activities. Tracking of corporate performance helps to find an answer to such questions as if there are any cash gaps, receivables are repaid on time, what expenses prevail in the cost, the selected areas are profitable and so on.
A vast range of systems for management of small and medium sized businesses are offered on the market and all of them promise to make analysis easier and more productive. However, their functionality can be limited. Some of them can cope only with client work and can be a good financial application for CRM systems. Another part shows only the financial side of a company's activity. It is also important, it can be necessary to look deep in the corporate data to find all of the circumstances of revenue decreasing. One more category of systems has limited integration with third-party software and can be deployed only as complementation for the whole set of software of one issuer. What is more, the parameters that are built-in can suit only one industry and be unhelpful for others. For example, most of the systems are fitted for retail. And if a company produces cast wheels, this software may not cover the business needs of the organization.

Complex enterprise performance management systems can solve all of these sophisticated tasks and consolidate a company’s business process in a unique system. The EPM works on high productivity and processes data very fast. Corporate performance analytics can be focused on a granular level, up to the sale of a particular product in a particular store for retail or the purchase of a specific raw material for the production of a certain consignment of goods.

However, these systems also have their own limitations. The solutions usually are not ready-to-install or ready-to-use. Each software requires individual setup for the needs of a particular enterprise, which can be made after study and revision of a number of business processes and descriptions of work scenarios for individual departments. Since their implementation involves comprehensive coverage of various business processes, their implementation may take about a year. Moreover, this work can be done only by a person with special skills and certificates. Any error not considered in business logic will require the involvement of several departments to eliminate it. For instance, the department that detected the error, the department in whose area the error occurred and the developers who will correct it directly.

Spreadym was designed to cope with all of these difficulties in corporate reporting. Spreadym can be built into a company of any industry and any business organization. The product can be configured by a user who is familiar with the MS Excel toolkit, and after setup it can be used immediately as a regular Excel but with the capabilities of a full-fledged business performance system.