Question 1

What financial reports are generated automatically?

Accepted Answer

Our platform automatically generates a comprehensive suite of financial reports from your connected data sources. Core financial statements include Income Statement (P&L) at multiple levels of detail from summary to fully detailed, Balance Sheet with period comparisons and trend analysis, and Statement of Cash Flows using both direct and indirect methods. Management reports include Budget vs. Actual with variance analysis and commentary, Departmental P&L for tracking profit center performance, Revenue Analysis by customer, product, project, or any dimension relevant to your business, and Expense Analysis with trend identification and benchmark comparisons. Cash management reports include 13-Week Cash Flow Forecast, AR Aging with collection priority recommendations, and AP Aging with payment optimization suggestions. All reports update automatically as new data flows into the platform—no manual assembly required.

Question 2

How does AI-generated narrative commentary work?

Accepted Answer

Our AI analyzes the numbers in each report and generates clear, professional narrative that explains what the data means in business terms. Instead of presenting raw figures that require interpretation, the system writes explanations like: "Revenue increased 12% month-over-month, driven primarily by a $47,000 expansion of the Smith contract. Gross margin improved 2.3 percentage points due to favorable material pricing, partially offset by increased labor costs from the new project team." The AI identifies the most significant variances, trends, and items requiring attention, then constructs narratives that would typically take a CFO hours to write. You can customize the narrative style (formal vs. conversational), depth of detail, and focus areas. The generated commentary is fully editable—many clients use it as a starting draft and add their own strategic context before presenting to boards or stakeholders.

Question 3

Can reports be customized for different audiences like boards, banks, and internal teams?

Accepted Answer

Absolutely. Different stakeholders need different information presented in different ways, and our reporting system is built for this flexibility. For board members, we configure executive summary dashboards with key metrics, trend charts, and strategic commentary—minimal detail, maximum insight. For banking and lending relationships, reports can match specific covenant reporting requirements and include the metrics and calculations your agreements require. For internal operations teams, detailed reports drill down into departmental performance, project profitability, and operational metrics. For investors or potential acquirers, we can generate due diligence packages with historical trends and forward projections. Each audience configuration includes appropriate level of detail, relevant metrics, and suitable formatting. You control who sees what, with role-based access ensuring sensitive financial information reaches only authorized viewers.

Question 4

How much time do companies actually save on financial reporting?

Accepted Answer

Our clients consistently report 80% reduction in time spent on financial reporting activities. For a typical mid-market company, this translates to 30-40 hours per month saved on report creation, data gathering, and manual analysis. The savings come from multiple areas: eliminating manual data extraction from multiple systems (accounting, banking, payroll), automating report assembly that previously required copying data into spreadsheets and updating charts, generating variance analysis and commentary that would take hours to research and write, and producing consistent formatting without manual cleanup. Beyond direct time savings, the reduction in manual work eliminates errors that require investigation and correction. Finance teams report spending less time producing reports and more time analyzing results and advising the business—shifting from report production to strategic finance. Many clients redirect the saved hours toward higher-value activities like financial planning, process improvement, and strategic analysis.

Question 5

What report formats are supported for export and sharing?

Accepted Answer

Reports can be exported and shared in multiple formats to suit different use cases and preferences. PDF exports produce print-ready documents with professional formatting, ideal for board packages, banking submissions, and archival. Excel exports include fully formatted workbooks with formulas intact, allowing recipients to perform additional analysis or customize presentations. PowerPoint exports generate slide decks ready for presentation, with charts and key metrics formatted for projection. For ongoing monitoring, interactive web dashboards provide real-time access with drill-down capabilities. Reports can be scheduled for automatic distribution via email—daily, weekly, monthly, or custom schedules. You can configure different distribution lists for different reports, ensuring stakeholders receive relevant information automatically. The platform also supports secure link sharing for reports you want to make available to external parties without granting system access.

Question 6

How does budget vs. actual variance analysis work?

Accepted Answer

Our automated variance analysis compares actual results to budget at whatever level of detail you need—total company, department, project, or line item—and provides both quantitative analysis and qualitative explanation. The system calculates variances in dollars and percentages, flags items that exceed defined thresholds (you set the sensitivity), and categorizes variances by significance and cause. More importantly, the AI investigates the drivers behind each variance. Instead of just showing that marketing expense was $15,000 over budget, it explains that the variance was driven by $12,000 in unbudgeted trade show participation and $4,000 higher digital advertising, partially offset by $1,000 savings in creative services. This drill-down analysis that would take hours to compile manually is generated automatically. The system also tracks variance trends over time, identifying accounts that consistently run over or under budget, which informs future budgeting and forecasting accuracy.

Question 7

Can we build custom reports and dashboards for our specific KPIs?

Accepted Answer

Yes, the platform includes a flexible report builder that lets you create custom reports tailored to your unique business metrics and presentation preferences. You can select from any data in the system—financial transactions, calculated metrics, forecasts, budgets, benchmarks—and arrange them in tables, charts, and commentary sections. Custom KPI definitions allow you to create calculated metrics specific to your business: revenue per employee, customer acquisition cost, project margin by type, or any formula combining available data. Dashboard widgets can display these custom metrics alongside standard financial data. Templates can be saved and scheduled for automatic generation. For complex requirements beyond self-service capabilities, our team can build custom reports that incorporate specialized calculations, external data sources, or unique formatting requirements. Most clients start with our standard reports and gradually customize as they identify specific needs.

Question 8

How do reports handle multi-entity or multi-location businesses?

Accepted Answer

Our reporting system is designed for businesses with multiple entities, locations, or segments that need both consolidated and detailed views. You can generate consolidated financial statements that combine multiple entities with proper elimination of intercompany transactions. Segment reporting provides financial statements for individual business units, locations, product lines, or any organizational dimension. Comparative reports show performance across entities side-by-side, enabling analysis of which locations or segments are outperforming. For businesses with different entity types (LLCs, corporations) or accounting methods, the system handles the variations appropriately in consolidated views. Currency translation handles international entities with different functional currencies. The level of consolidation and detail is configurable per report—board packages might show only consolidated results, while operational reports drill into entity-level detail. This multi-dimensional reporting capability is essential for businesses managing complex organizational structures.

AI-Powered Financial Reporting

Key Benefits

80% Time Savings

Always Current

Board-Ready

Narrative Generation

Features

Financial Statements

KPI Dashboards

Board Packages

Variance Analysis

Frequently Asked Questions