Financial Reporting & Data Analytics

The financial reporting cycle is a critical deliverable within every organisation, acting as the link between business operations and stakeholder trust.

Due to underlying issues, smaller or fast-growing companies may be perpetually in “closing mode” chasing after every month-end. Common issues such as personnel shortages, manual processes, insufficient technology utilisation and unreliable data ultimately foster an unmanageable close process. In addition, to drive market responsiveness, increasing levels of reporting are required in less time.

At Intellix Solutions, we understand the challenges and aim to alleviate those pressures by optimising your organisational process. We work with you to develop a practical framework, focusing on basic components of the close process (subledger and journal activity, reconciliations, consolidation, and reporting and analytics).

We facilitate improvement on these components to transform your reporting cycle end-to-end, delivering more efficiency and insight into operations. During the process, we can support your organisation by:

• Digging into the data to gain an understanding of your transactions, timing and materiality
• Reviewing policies, procedures and close activities to assess alignment with organisational close goals
• Analysing roles and responsibilities to match the right people with the right duties, while providing growth opportunities to enhance retention
• Reviewing and optimising technology systems to integrate data flow from source transactions to finally analytics  

By improving components of the reporting cycle and developing a practical close model, Intellix Solutions can help you achieve a shorter close time with more engaged staff, while fostering consistent and reliable reporting, and insightful analysis for decision making.