New options for financial reporting
TARGETTY financial reporting:
- it provides the basis for strategic and tactical decisions on investments, financing, resource allocation, risk control and profitability optimization.
- communicates the company’s financial results and situation to internal and external interest groups that include managers, investors, creditors, supervisory authorities, customers, suppliers, employees and the public.
- it is comprehensive and high-quality, to reflect the real state and performance of the company, to be comparable with other companies and standards, to be up-to-date, accurate, transparent and credible.
- includes financial as well as non-financial information that is relevant to the evaluation of the company and its strategic goals.
- allows users to compare actual and plan values. TARGETTY allows users to evaluate deviations between reality and plan, identify their causes, comment on them and propose corrective measures.
- provides the basis for evaluating the performance of managers at all levels of management. TARGETTY helps managers measure and improve the performance of the company, individual departments, projects or processes.
Advanced features for financial reporting:
- Cost allocation: TARGETTY allows you to allocate costs between different accounts, centers, projects or areas according to defined rules. This simplifies the monitoring and optimization of the company’s cost structure.
- Consolidation: TARGETTY allows you to merge data from different sources, accounts or companies into a single entity. This facilitates the compilation of consolidated statements such as the balance sheet, income statement or cash flow. TARGETTY also supports consolidation in international companies that must respect different currencies, rates, laws, accounting standards and norms.
- Report corrections: TARGETTY allows you to make report corrections for reporting relevant values. This means that it is possible to modify the data according to reporting needs. It is possible to add or subtract items that were wrongly or not at all taken into account in the spoelčnosti systems, round numbers, apply coefficients or indices. Targetty also allows you to create different versions of reports for different purposes, such as internal or external reporting, auditing or planning.
- Historicalization: TARGETTY allows the creation of reports with different structures according to the reporting period. Users can define different report structures, levels of aggregation, grouping, sorting, filtering and data display for different reporting periods and compare them with each other.
All values that are processed, entered or modified in TARGETTY can be approved at several workflow levels. This means that each change must be confirmed by the responsible person or group before it is reflected in the reports. This ensures control, transparency and a guarantee of correct values in the reports.
TARGETTY Statement: Tool for user definition of reports
TARGETTY Statement is a tool that allows users to define their own statements in one place. Users can prepare their own statutory or managerial reports and KPI overviews, or modify existing prepared reports according to their needs. TARGETTY Statement supports various types of statements such as balance sheets, income statements, cash flow, budgets, plans, variance analysis, benchmarking, and performance indicators.
TARGETTY Statement allows users to define statements using a simple and intuitive interface. Users can define report structures and names, labels, formats, formulas, conditions, filters, groups, sorting, aggregations, and other parameters for each report item. Users can also take advantage of templates that are predefined for different purposes and standards.
TARGETTY Statement allows users to use statement definitions to create statements, reports, and KPI overviews in all reporting layers. Users can view, export, print, or share reports in various environments such as Excel and Power BI. Users can also compare, analyze, and comment on reports according to various criteria.
TARGETTY Statement is a powerful tool for user definition of statements that increases the flexibility, adaptability and transparency of financial reporting.
How to start with Targetty?
If you are interested in Targetty, you can contact us and arrange a free consultation with an expert and a demonstration of the solution.