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Do you imagine the power of tracking a very simple activity in your company? A huge decision could be taken according to this data.
One of the most important departments in any company is the financial department.
Due to the wide role of this department and how this department could play a major role in the future of your company, so appear here the importance of the financial reporting analysis
but do you know what is the financial reporting and how to get the benefit of this osolutions financial tool.

In this article, we will explore more about it and why you should adopt this analysis in your company.

And now let’s start with the definition for financial reporting.

What’s the financial reporting analysis?

It’s the way that you will give the stakeholders an accurate vision for your company position from the point of view of revenues, profits, expenses, cash flow, and capital. And by this reporting, you will go in-depth in the financial position that might help you to make the right decision based on your situation.

it is the tool that shows the health of your company in terms of financial situation.

But it does not go in-depth into the culture or the structure of the company.

What’s the importance of financial reporting?

The most important questions that any business owner asks: “Why should I adopt the financial reporting in my company?”
and “What is the benefit of using financial reporting?”

And To know the answer to this question, you have to know why is it important .
We’ll show to you now the benefits of financial reporting:

Know your debt situation: One of the most important factors that might affect your business is debt.
So the financial reporting work on tracking your assets and dividing it with your current liabilities then you’ll know your debt situation.
Based on this analysis, it’ll help you to gauge your liquidity and manage the current debt to maintain your good financial health.
Identifications of trends:
The financial reporting will help you to identify trends, any kind of trends: past trends or current trends.
But what’s the purpose of knowing the trends? During studying our company performance,
some weakness in certain times in your financial curve could be a result of a trend so you will know the reasons for your weakness and work on avoiding this weakness and to improve your company health.
Gaining time:
The financial reporting analysis will help you to have accurate insights into your company’s financial health in real-time,
to make the right decisions at the right time. By using it, you’ll avoid losing any opportunity that will maintain your financial situation.

Manage your liabilities:
liabilities are a very critical point while studying the financial situation and working on maintaining the health of your company including the financial situation.
The liabilities appear in many different forms: business loans, credit lines, credit cards, and credit extended from vendors. Tracking your liabilities will help you to know the right situation especially if you’re seeking a business expansion loan,
so you have to manage your liabilities before taking the first step in this loan.
Maintain your progress:
The financial reporting analysis has a major role in delivering to you accurate data at the right time which will help you to make the right decisions on time.
So you’ll be able to maintain the progress of your company.
Decisions Making:
Financial reporting is your way to take insights and to announce the red flags at many certain times.
Then, it’s your time to make the decision.

What are the criteria for it ?

After going in-depth into the benefits of financial reporting analysis, let’s know what is the criteria of the financial reporting. But due to the huge hole of financial analysis, we will provide you with a simple idea to be on the same path as your service provider.

Till now, there are 3 ways to do financial reporting worldwide. Those 3 ways are:

The GAAP (Generally Accepted Accounting Principles): it’s only used in The United States.
The IFRS (International Financial Reporting Standards): It’s applied in more than 110 countries. China and India have their own customized IFRS.
The GDPR (The General Data Protection Regulation): It’s a new system applied recently. It’s a way to modernize the laws that protect personal information.

How to apply financial reporting in the company?

it is your way to track every single activity in your financial situation which will help you to maintain your company progress and make the right decisions.
But how to apply this system in your company? Applying this system in any company, it’s a very complicated process to be able to study your financial situation and read the insights.
You have to ask for help from some experts in the financial reporting analysis.
Osolutions Financial tool offers you the financial reporting analysis system,
to track your company’s position and suggest to you the right decisions to avoid any type of loss.

In conclusion, tracking any single detail in your company, it’s your way to achieve the goals of your company.
It’s your method to study your company’s health in terms of financial situation and to make the decisions that could help your company.
The financial Reporting Analysis is a service provided by expertise in the financial field.
Osolutions provides it for you to maintain your company progress in the right way, contact us to know more about the financial analysis, and to get all the benefits of this software.

Your Progress with Osolutions!

Home Collecting data is your goal? Do you know the importance of data? Collecting all these data in one place is your objective. Do you know the meaning of data warehouse and what is the importance of this service?

Data warehouse is your way to achieve all your objectives. And to collect the needed data, you can find many ways to find the data that could help you to accelerate your workflow in your company.

To know more about the Data Warehouse, we will provide you with the meaning of the data warehouse and their benefits in this article to know the magic of the data.

Data Warehousing

Let’s start to know what is the data warehouse and how could you get benefit from this service.

But as a first step let’s know:

What is the Data Warehouse?

The data warehouse is a service offered by different companies that will reflect a great value in your company and your workflow. Data warehouse is the way to collect the data using the different tools and ways like Google analytics, the different departments in your company and more sources and ways, to achieve your goal is to collect accurate data.

Data warehouse, it’s about creating a building where the data will be linked to each other, then finally you find a fully integrated data.

What are the benefits of data warehousing?

The data warehousing, as we mention, it’s your way to collect the data and to use this data in your daily operation. Because the Data is your key to have a good performance and to make your decisions based on this valid data.

To know this benefits:

Decision making

The data warehouse is your way to make decisions without needing to lose time while analyzing the current situation then take your decisions. But the Data Warehousing will help you to make a decision.

Organized Data

Some companies couldn’t relate the data to get the better insights, so Osolutions Financial tool offers you the data warehousing service to be able to receive organized data especially for your Finance, Marketing and Sales departments. So this organized data will let you achieve your business purpose in a smoothly way.

Historical Data

For the magic role of data warehousing, you can have access to the previous data to be able to find the reason for the change in your data and in our income. So having historical data will be a great benefit for your company.

You can view your historical data based on a yearly basis or on a quarter basis.

Integrated Data

Because of multiple sources of data, the Data Warehouse it’s about a collection of data from the different ways and sources to be able to see your situation and in which stage your company is located in a helicopter view or in a fully detailed view to be able to analyze your data.

Analytics Type

The Data Warehouse is your way to analyze the data of your company. It will help you to have an analytical eye and to analyze your data in your own way regarding the data inserted in the data warehouse.

Capture Customer Data

One of the best data ever is your customers’ data. The data warehouse is your best practice to use your customers’ data to target them in a different way.

In conclusion, The Data Warehouse is a way that you could collect data by a smart way and by different tools, to be able to track all your company activities then to be able to make your decisions based on research and fully detailed report. If you’re looking for a company that provides you a data warehouse in the financial, marketing and sales department, Osolutions will be your gate to warehouse all your data in an organized dashboard.

The Data Warehousing proposed by Osolutions Financial tool helps you with many different options to fit with your business and your industry. If you’re looking to have multiple access for this dashboard, you will ask us for this feature. Also, you can have access for this data through your mobile (Android, IOS), your p.c., and your laptop. Due to the multiple access, we can show specific data to each user to keep your data secure and to facilitate the workflow in your company by showing the important data for each user to eliminate wasting time. If you need our services, you can contact us to know more about our data warehouse service.

Keep your data SECURE with Osolutions !

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What is the importance of financial reporting analysis ?