Reduce Risk Save Time Increase Insight A CFOs life… Let’s start focusing on the tasks that matter. Only 21% of a CFOs time is spent on decision-making, as the majority of time is spent on correcting errors and performing manual business tasks. 2. 60% CFOs are still relying on Excel for operational planning at the department level. 3. 37% of CFOs report that their budgeting processes need help. 4. 46% CFOs say they do not have the right metrics, information and tools needed for making sound business decisions. 5. 7 out of 10 CFOs rely on spreadsheets to provide the business data they use to report to the board, CEOs, and other business stakeholders crucial to the future of their company. However, 88% of spreadsheets have errors, and aren’t useful in providing accurate business data that financial teams need to run their business, and deliver the necessary forecasting, business planning and analysis, CFOs rely on to deliver real business value. Still using spreadsheets or pen and paper? Time to change! Spreadsheets are not your friend. TX Financials… It’s what CFOs have been waiting for. CFOs know what they need. 70% rank data-based insights as the top influence on strategic business decisions. 40% believe that one of the most important things they need is to leverage analytics to make data-driven decisions. 30% plan to improve forecasting capabilities through financial planning solutions. 49% desire 360-degree competitive visibility to improve business decisions. TX Financials transforms the CFO From For more information, Please visit: www.TimeXtender.com Up to 75% reduction in the time spent on data reporting. With TimeXtender, customers are saving 76960 hours of work every week. CPM Automation enables 45% of business managers to have a forward-looking approach to planning and forecasting. Improve the accuracy of financial data, while reducing time spent by 10x more. Gathers complex data from a multitude of sources in less than 30 seconds. Real-time insights into your business, with fast refresh of the data for even quicker results. 87% CFOs must analyze performance data more quickly to meet growth targets. 40% to 60% CFOs spend their time on data-management tasks. Only 12% of CFOs can respond to financial reports or analysis requests in real-time. 67% of CFOs are not able to submit their monthly reports on time. 59% of CFOs prioritize cash flow management to project in-flow and out-flow. 72% people in the finance department don’t trust the reported numbers. Almost half of CFOs agree that they spend too much time focused on controls and reporting, at the expense of more strategic activities. Complete Corporate Performance Management (CPM) Automation supports quick decision making ability, and real-time data analysis. Elimination of manual data processing, and enabling automated reporting. Performs pre-scheduled or on-demand financial analysis processing, with detailed budgeting and reporting. Integrated solution automates month-end close activities and provides faster throughput. Provides scenario based reporting, including cash flow impacts. With automated processes, scenarios are easily updated, reducing manual entries, which are the main cause of inaccurate data. Through CPM Automation, CFOs are able to easily provide forecasts, models and business plans, giving them more time to focus on the business and strategic direction. “Excel to Excellent” TX Financials to the rescue. Challenges of the CFO. CFOs average 51% of their time managing administrative business activities. 1.
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Reduce RiskSave Time Increase Insight
A CFOs life…
Let’s start focusing on the tasks that matter.
Only 21% of a CFOs time is
spent on decision-making,
as the majority of time is
spent on correcting errors
and performing manual
business tasks.
2.
60% CFOs are still
relying on Excel for
operational planning at
the department level.
3.
37% of CFOs report that
their budgeting processes
need help.
4.46% CFOs say they do not have the right metrics, information and tools needed for making sound business decisions.
5.
7 out of 10 CFOs rely on spreadsheets to provide the business data they use to report to the board, CEOs, and other business stakeholders crucial to the future of their company.
However, 88% of spreadsheets have errors, and aren’t useful in providing accurate business data that financial teams need to run their business, and deliver the necessary forecasting, business planning and analysis, CFOs rely on to deliver real business value.
Still using spreadsheets or pen and paper? Time to change!
Spreadsheets are not your friend.
TX Financials… It’s what CFOs have been waiting for.
CFOs know what they need.
70% rank data-based insights as the top influence on strategic business decisions.
40% believe that one of the most important things they need is to leverage analytics to make data-driven decisions.
30% plan to improve forecasting capabilities through financial planning solutions.
49% desire 360-degree competitive visibility to improve business decisions.
TX Financials transforms the CFO From
For more information, Please visit: www.TimeXtender.com
Up to 75% reduction in the time spent on data reporting.
With TimeXtender, customers are saving 76960 hours of work every week.
CPM Automation enables 45% of business managers to have a forward-looking approach to planning and forecasting.
Improve the accuracy of financial data, while reducing time spent by 10x more.
Gathers complex data from a multitude of sources in less than 30 seconds.
Real-time insights into your business, with fast refresh of the data for even quicker results.
87% CFOs must analyze performance data more quickly to meet growth targets.
40% to 60% CFOs spend their timeon data-management tasks.
Only 12% of CFOs can respond to financial reports or analysis requests in real-time.
67% of CFOs are not able to submit their monthly reports on time.
59% of CFOs prioritize cash flow management to project in-flow and out-flow.
72% people in the finance department don’t trust the reported numbers.
Almost half of CFOs agree that they spend too much time focused on controls and reporting, at the expense of more strategic activities.
Complete Corporate Performance Management (CPM) Automation supports quick decision making ability, and real-time data analysis.
Elimination of manual data processing, and enabling automated reporting.
Performs pre-scheduled or on-demand financial analysis processing, with detailed budgeting and reporting.
Integrated solution automates month-end close activities and provides faster throughput.
Provides scenario based reporting, including cash flow impacts.
With automated processes, scenarios are easily updated, reducing manual entries, which are the main cause of inaccurate data.
Through CPM Automation, CFOs are able to easily provide forecasts, models and business plans, giving them more time to focus on the business and strategic direction.
“Excel to Excellent”
TX Financials to the rescue.Challenges of the CFO.
CFOs average 51% of their time managing administrative business activities.
1.
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