What it is
Automated Financial Reporting is an AI-powered workflow that generates financial statements, dashboards, and compliance reports without manual effort. Instead of finance teams spending hours compiling spreadsheets, the system pulls real-time data from accounting, payroll, and ERP systems to create accurate, professional reports instantly.
Why it matters
Manual financial reporting is slow, error-prone, and outdated by the time it reaches decision-makers. Leaders need real-time visibility into financial health to make strategic decisions. Automation eliminates manual errors, ensures compliance, and provides faster, data-driven insights.
How it works
- Data is pulled automatically from ERP, HRMS, and accounting tools.
- Reports (P&L, balance sheets, cash flow statements) are generated instantly.
- Dashboards visualize KPIs like revenue, costs, margins, and cash flow.
- AI checks for anomalies or inconsistencies in financial data.
- Scheduled reports (weekly, monthly, quarterly) are auto-distributed to managers.
- Regulatory/compliance formats (IFRS, GAAP, VAT) are applied automatically.
