Do you wait until you can no longer withstand the pressure from regulators, customers, shareholders, partners and other stakeholders, or do you find the motivation within the company wanting to improve processes on your own initiative?
Digitization and automation is a hot topic and yet it means something different to each company and individual. There is a lot of interest on the topic and a high volume of search queries in the web.
Experience shows that it is not always the same departments which are making the decisions regarding process optimization as well as the introduction of new software components.
Longer decision-making processes are normal due to the importance of corporate data, data protection and security issues.
Management of sensitive data, such as company figures that have not yet been published, requires high security standards as well as operational security. Cybercrime has increased significantly, and people are very cautious when handling data.
For this, many stakeholders are involved in the process, from procurement to communications, finance, sustainability, investor relations, senior management and more. All needs are to be considered and all involved give their input to the process and an implementation of a new reporting software.
From the company's point of view, all stakeholders should pursue the same goal. It is about digitizing manual processes by using a software. The right questions must be asked in the analyzing process and, of course, the product and service should be able to solve the company's challenges.
The initial effort for the introduction of a new reporting software should not be underestimated, yet the effort is worthwhile. Additionally it provides an opportunity to question processes and drive automation and digitization.
Running costs can be reduced with the right software and existing resources can be used in an optimized way. Experience shows that even in the second year, this initial outlay can be recouped and up to 40% costs can be saved.
A corporate report is a company's business card and is therefore of great interest to employees, shareholders, customers, partners and the public.
Start digitizing your company reports now. We will be happy to support you.
Your contact for questions about online reporting