CCFO in the Motor Industry

A solution for Group Company Financial Reporting that connects your spreadsheets to our Cloud making it easier and flexible.

l

Cloud CFO manages the consolidation of multiple entities and automates the production of P&L, Balance Sheet and Cash Flows.

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Full support is given for Budgeting and Forecasting.

Statutory Accounts Production with full XBRL support in Q4 2016

CCFO in the Motor Industry

A solution for Group Company Financial Reporting that connects your spreadsheets to our Cloud making it easier and flexible.

l

Cloud CFO manages the consolidation of multiple entities and automates the production of P&L, Balance Sheet and Cash Flows.

R

Full support is given for Budgeting and Forecasting.

Statutory Accounts Production with full XBRL support in Q4 2016

What difficulties does the motor industry face?

Lack of uniformity of reporting and presentation – particularly where groups include various acquired branches.

The need to have additional resource to produce 3rd party reports because requirements differ from what operations need. These reporting requirements are often not adequately catered for by DMS providers.

Difficulty in providing group wide reporting – particularly ad hoc reporting.

Reconciliation of 3rd party reports to operational reports. There tend to be separate reports to meet the requirements of each of the audiences, and because they are separate, they don’t always give the same answer. Especially in the case where operations change the presentation of data without communicating to group reports production, so mapping is not updated.

How Cloud CFO can resolve difficulties

Cloud CFO speeds up reporting by automating the ad hoc reporting process; ensuring data integrity and 100% accuracy. Manual intervention is therefore eliminated.

The multi-user functionality ensures only authorised users can access and update the same data concurrently avoiding issues with versioning, copy/paste difficulties and data integrity.

i

Existing spreadsheets and other disparate data sources (such as MS Access and core ERP) are integrated into one solution. There is no large scale data migration and therefore minimal disruption.

Reporting uniformity is achieved by defining bespoke group reporting formats and mapping the individual components giving one version of the truth across the whole the group.

How Cloud CFO can resolve difficulties

Cloud CFO speeds up reporting by automating the ad hoc reporting process; ensuring data integrity and 100% accuracy. Manual intervention is therefore eliminated.

The multi-user functionality ensures only authorised users can access and update the same data concurrently avoiding issues with versioning, copy/paste difficulties and data integrity.

i

Existing spreadsheets and other disparate data sources (such as MS Access and core ERP) are integrated into one solution. There is no large scale data migration and therefore minimal disruption.

Reporting uniformity is achieved by defining bespoke group reporting formats and mapping the individual components giving one version of the truth across the whole the group.

Synapse recognises the requirements needed

Some of the features include:

The addition/cessation of products.

The addition/disposal of branches within the current legal entity structure.

The addition/disposal of legal entities.

Changes in the presentation of currently reported items.

The ability to drill down to the original transactions.

Access to generate ad hoc reports from the database.

Request a CFO Demo for the Motor Industry

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Request a CFO Demo for the Motor Industry

  • This field is for validation purposes and should be left unchanged.

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