Business Problem

 A common challenge in the financial affairs of a manufacturing company is that data is fragmented, manual, and slow to be available.

• Revenues, expenses, scrap costs, and sales data are in separate tables, in separate departments.
• Management often only sees the current financial situation weeks later.
• Manual reporting is time-consuming, error-prone, and requires a lot of human resources. This makes it difficult to react quickly, distorts decisions, and exposes the company to unnecessary costs.
  

Solution

The Automated Financial Reporting System integrates production, sales, logistics and finance data onto a common platform.

• It shows revenues, expenses, product prices, scrap costs and sales figures in real time.
• Automated dashboards and reports are created, which are also available on mobile.
• The system is fully customizable: new reports and financial views can be created using the drag & drop method, without developer intervention.
• Management and production control rely on the same data, thus eliminating the information gap.
  

Decision

outputs Based on the system data, management can:

• Make cost-cutting decisions: you can see where expenses are increasing, which product or process is generating losses.
• You can measure profitability at the product level: you can decide based on real data which product is worth continuing to produce and which one to stop.
• You can optimize scrap management: you can precisely show how much money the company is losing due to scrap.
• You can make cash-flow decisions: since the data is real-time, financing and liquidity planning is much more accurate.
• You can create quick reports for management or investors, even with a few clicks.