Daily, monthly, quarterly, annually.
Businesses used to be run on definite time frames. One gets a sense of the organization’s financial standing from documents generated for each reporting period. The most recently available reports were used as basis for decision-making.
Of course, those reports reflected the realities as of the time they were prepared. In order for the numbers to make sense, they had to be put in relation to other sets of information from other business units. This process of consolidation took a lot of effort, and a lot of time.
With cloud technology, integration among all aspects of the organization’s operations allows for instant linkages. Even when it’s the middle of the reporting period, real-time information provides an accurate sense of how the business is doing at any given time.
See how you can make data-driven decisions fast, and how your organization can perform immensely better, with real-time financial visibility.