Avoid Excel Overload - Making Financial Reporting Easier with CPM

The complex world of financial reporting and data management has come a long way since Microsoft Excel was first released more than three decades ago.

The author of this page: Brendan Geraghty
Brendan Geraghty, Practice Director - D365 for Financial Operations Aug 31, 2021

The go-to solution of choice for financial reporting, Excel has served organisations faithfully, however as the volume of business data continues to grow, greater sophistication and flexibility is now required for effective reporting.

Corporate Performance Management (CPM) software helps finance and operations professionals avoid Excel overload and allows for much-improved processes, dashboards and advanced reporting.

Solver’s cloud-based CPM Solution allows financial managers to ramp up and shift from data-gathering to data-driven decision making.

Centralising key financial functions, such as reporting, budgeting and forecasting, Solver provides a single hub for financial data, with easy-to-use dashboards delivering real-time business insight.

A Software-as-a-Service solution, Solver, benefits from continual updates and improvements in the cloud. By automating report creation and distribution, Solver helps organisations “Key Person Risk” where knowledge is lost if someone leaves the organisation.

Solver’s software suite provides four key modules:

  • Reporting, integrated with the most popular Enterprise Resource Planning (ERP) systems;

  • Planning, automated budgeting and forecasting tools;

  • Dashboards, allowing all key executives access to the right information at the right time;

  • Solver Data Warehouse, a next-generation data warehouse built on Microsoft SQL Azure platform storing all key data.

It can be integrated with Microsoft Dynamics Business Central to ensure that all your data flows smoothly throughout the organisation.

For companies that have developed their ERP capability, bringing in a robust CPM solution such as Solver takes the organisation to another level of accountability and reporting capability.

We are working with a number of large organisations in Ireland who have implemented Solver with its accessibility and ease of use a key factor in successful user adoption. Interestingly we are now seeing small and medium companies looking to improve their efficiency and decision-making capabilities beginning to use it.

Here at Storm Technology, we advise organisations on the right business decisions for them. We are accountants and financial experts first and that is the view that we take when we discuss how to improve and develop an organisation’s efficiency.

No one can afford to spend hours preparing, cross-checking and presenting Excel data, especially when state-of-the-art software such as Solver’s is available.

To find out more about how Solver's CPM software can help your organisation streamline financial processes and turn data into insight, watch our webinar "Streamlining the Month End Reporting Process".

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