April 30, 2025
Many companies still struggle with manual financial reporting. Teams spend hours collecting data from different sources, updating spreadsheets and fixing formula errors. This is where automated financial reporting makes a big difference in your business. It helps businesses to automate report generation, pulling real-time data directly from systems like Tally, NAV, Business Central, SAP & more. In this blog article, we will explore, how automated financial reporting transforms business.
Table of Contents
- 1. What is Automated Financial Reporting?
- 2. Benefits of Automated Financial Reporting
- 3. How EasyReports Automated Financial Reporting for Business Success
1. What is Automated Financial Reporting?
Automated financial reporting allows businesses to automatically generate financial reports using real-time data from ERP systems, accounting software, or other integrated data sources. This eliminates manual errors and saves time.
2. Benefits of Automated Financial Reporting
Here are the section-wise financial advantages of using automated financial reporting:
2.1) Financial Statements
Automated financial reporting simplifies the creation of key financial statements such as balance sheets, profit and loss statements and cash flow reports. These reports are generated directly from ERP systems, ensuring accuracy and consistency.
2.2) Receivables and Payables
Automated financial reporting helps track pending customer payments and supplier dues to ensure better cash flow management.
2.3) Customer & Vendor Outstanding Report
Help businesses to check overdue invoices and pending payments. This helps in faster collections, better credit control and improved cash flow.
2.4) Cash Flow & Fund Flow Report
Automated reports help businesses to manage cash by tracking upcoming payments and collections. Businesses can see where money is going and coming from, helping them avoid financial shortages.
2.5) Sales & Revenue Report
Automated financial reporting provides insights into the best-performing products, teams, or regions, helping you grow your revenue.
3. How EasyReports Automated Financial Reporting for Business Success
3.1) What is EasyReports?
EasyReports is a reporting and MIS automation tool for Tally, SAP B1, NAV, BC and other ERPs. It enhances your reporting capabilities & offers various standard and customizable reports around different areas of your business.
3.2) Let’s See How EasyReports Transforms Financial Business Insights with Automated Reporting
- Financial Statements
- Automated reports in Excel formats, customized as per business requirements
- Auto Mapping of the ledgers depending on the input ERP
- Budget Analysis
- Easy budget tracking with options to upload monthly, quarterly, or yearly data
- Variation analysis with actuals
- Cash Flow & Fund Flow Management
- Keep a track on Upcoming Vendor payment and Customer receipts
- Configure your recurring payments and receipts for adding in the cash flow report
- Working Capital Management
- Track Customer Receivables and Supplier Payables
- Customer with increasing payment days
- Customers with over utilized credit limits
- Sales & Revenue Reports
- Helps salespersons to Identifying customers for cross selling of products
- Allows company to access salesperson wise or state wise customers for cross selling
- Provides product bifurcation insights by area, based on sales volume
- Helps company to track state wise Active & inactive customers
This is how automated financial reporting transforms business today. If you’re still relying on manual reports, EasyReports can be a game changer for your financial strategy and drive long-term success. See the demo now or visit EasyReports website: www.easyreports.in
