SENTIpede™ is an intelligent crawler for Sentiment analysis across Social Media networks. A collaborative blend of man and machine SENTIpede™ adds Insights from unstructured media sources for structured research need.
Close your financial books – in time, every time!!
Rising costs and reporting time pressures are ensuring that the Record-to-Report process is moving higher up the agenda for CFOs. In addition, financial information and management reports drive competitive advantage when they are accurate and real-time and also support executives in making business decisions. As a result, companies are now looking closely at the Record to Report cycle and the associated processes to reduce costs through automation, standardization, risk management, workflow and tighter controls.
Datamatics Record to Report Services offer innovative solutions and enable internal and external stakeholders to make informed decisions to avoid costly surprises. Our services include posting entries utilizing approval workflow, Month End Activities and help with Executive Dashboards.
Datamatics utilizes a Journal approval workflow to make General Ledger postings smooth and hassle free. This feature ensures that entries and batches are approved by appropriate management personnel before they can be posted. Journal approval also ensures proper control and monitors the approval process, sending notifications to journal batch preparers and approvers when needed. Some of the Journal Approval components can be customized to meet organization specific needs.
One of the biggest challenges for the CFO's office is to report accurate figures to investors on a month-on-month basis. Datamatics engages with clients in harmonizing their Record to Report processes. Datamatics' solution helps in closing financial books in time so as to facilitate correct and meaningful financial reporting. Datamatics helps by recording month end adjustment/reversing entries in time, reconciling various Balance Sheet accounts and closing sub-ledgers accurately.
With tons of data flowing in from various sources that are rarely integrated, CFOs and finance executives struggle to find clarity on financial and enterprise key performance indicators (KPIs). Rapidly changing regulations and new global market pressures stipulate the need for executive teams to obtain reliable and real-time performance data to avoid any further negative consequences. It leads to significant amounts of manual aggregation.
Datamatics Executive Dashboards provide a consolidated view of an organization's performance by utilizing the various reporting summaries as below:
Datamatics helps international publishing and information service provider manage its end-to-end F&A processes, providing 40% reduction in costs, reduction in reconciliation cycle time and improvement in process turnaround time.