Financial operations is a critical component of every finance department. In order for this team to function properly, it’s imperative they have timely access to the information they need to make informed decisions about purchases, expenses, customer billing disputes, and more. Yet, finance operations personnel are often forced to spend valuable time manually gathering this information— greatly reducing their overall efficiency.
MicroStrategy can help accelerate finance operations reporting processes so organizations can better manage costs and improve the quality of service delivered to other departments, external customers, and suppliers. The MicroStrategy platform allows companies to efficiently produce analytical reporting across huge volumes of data, distributed across multiple enterprise systems and data sources. With self-service data discovery tools, finance operations personnel can easily explore data and make more informed decisions related to invoices, expenses, purchase orders, budgets, service level agreements, and more. Transactional functionality allows application users to directly input adjustments to vouchers, approve or cancel invoice records, and immediately update underlying databases. Finance professionals can add comments to expense requests, cost analysis reports, and accounts receivables discrepancies to further boost collaboration and communication with other departments. By mobilizing key applications, finance operations organizations can streamline processes and help reduce both response times and overall costs.