Financial reporting is based on a clear display of information from other systems.
The most important source of information for reporting and subsequent economic analysis is accounting.
It is necessary to emphasize its basic mission - to be fair and unbiased view of the economic situation of the company.
Sources may be, of course, other systems for customer relationship management (CRM).
It is important to create a central reporting - displaying information about the company, regardless
of the business area - e.g. the profitability of capital, company indebtedness, etc. in a clear and easy structuring.
The analysis of this information gives recommendations what section/process of the company to focus on in order to make
the company more effective and of course recommendations for actions to be taken.
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