S8 EP10: Financial Reporting

<p dir="ltr">Why do companies defer financial reporting to Phase 2 in their ERP system?</p> <p><strong> </strong></p> <p dir="ltr">💁🏼 Often they have the notion that they can do financials out of the box and are ready to go without their need to participate.</p> <p><strong> </strong></p> <p dir="ltr">💁🏼 They believe that it's no big deal to accomplish this task at a later period and usually don't consider it a primary task for the system go-live.</p> <p><strong> </strong></p> <p dir="ltr">💁🏼 There are many instances wherein no one within the team has adequate financial expertise, or the individual with the required skill set mainly uses Excel. Such folks might be planning to stick to Excel until they can spare the time to familiarize themselves with the new tool provided by Business Central.</p> <p><strong> </strong></p> <p dir="ltr">Learn more in this new episode of 𝗚𝗲𝘁 𝗬𝗼𝘂𝗿 𝗡𝗲𝘄 𝗩𝗶𝗲𝘄 — Financial Reporting ▶</p> <p><strong> </strong></p> <p dir="ltr">✔ Putting financial reporting in your ERP system before go-live is just as challenging as after. </p> <p dir="ltr">Integrating financial reporting BEFORE or AFTER the go-live holds an equal level of complexity. Instead of adding extra stress while everyone’s trying to learn the new system, a great idea would be to get reports in ASAP - remember the motto: the earlier, the better. </p> <p><strong> </strong></p> <p dir="ltr">✔ Financial Reporting using Business Central is very flexible and fast. </p> <p dir="ltr">Having had the pleasure of working with hundreds of companies over the last 20 years, I've realized an interesting fact - hardly any two companies have identical financial reports! This is why the flexibility offered by Business Central is so invaluable. It enables you to tailor your financial statements exactly how you need them!</p> <p dir="ltr">Another highlight, which is often overlooked, is its remarkable speed. Open your new account schedule and voila, your numbers are ready in no time! </p> <p dir="ltr">Now, you might ask - Isn't that supposed to be a g