- A common concern among executive management is “many sources of the truth” at end of month (EOM) reporting.
- Do you have the ability to provide commentary on management reports when there is a lack of transparency and drill down into costs?
- The need for timely and accurate statutory reporting and compliance.
“I want the truth!”
It’s the demand made by Tom Cruise’s character in the movie A Few Good Men.
It’s also on the wish-list among Executive management at mid-tier mining companies, according to informal market research by Ramesys Global.
There are many bugbears for Financial Department when it comes to end of month reporting, which can be slow, tedious, and sometimes inaccurate.
A common concern is the “many sources of the truth”.
When there’s a series of updated documents doing the rounds, it can lead to a constant struggle between the finance department and the operational departments because the numbers they’ve arrived at are different.
It can be difficult to provide commentary on management reports because of a lack of transparency and drill down.
Other pressures include the need for timely statutory reporting and compliance, a lack of support from external vendors and staff management issues.
Financial Controllers in the emerging producer sector have often pointed to a lack of human resources and training to make the end of month reporting process run smoothly.
There are often concerns about the cost and maintenance for collecting, storing, and reporting non-financial data.
Then there’s the question about the cost of system improvements.
You CAN handle the truth
Unlike Jack Nicholson’s famous line “You can’t handle the truth!”, Fortunately with Ramesys Global the solution is simple.
Ramesys Global’s Financial Management Software is designed to create “one central source of truth” across the company.
The toolkit enables your finance team to transition from time-consuming, error-prone, and manual budgeting and reporting processes to a value-added, transparent, single source of truth designed to unearth maximum cost savings.
The question of cost
The movie A Few Good Men reportedly cost more than US$40 million to make.
Fortunately, Ramesys Global doesn’t cost anywhere near that, nor take as long. Many of Ramesys clients are delivering reliable press of button reporting to the management and operations teams within 6 to 8 weeks at a cost that is still within 5 figures.
The purpose-built software provides a solution for cost owners to better manage their budgets, eliminate error-prone spreadsheets and reduce annual budget preparation time by weeks.
If you’re looking for a few good solutions, without the drama, reach out.
For more information: https://www.ramesysglobal.com/financial-management-software
Or get in touch: https://www.ramesysglobal.com/contact
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