Financial Reporting

A consolidation you can defend, not just present — Vivid Reports

Financial Consolidation Software: What It Does and How to Evaluate It 

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Eighteen months after an acquisition, plenty of controllers still can’t produce a consolidated P&L without days of manual work. The two companies’ charts of accounts were never built to reconcile, the acquired entity is still on its own system, and every reporting period comes down to the same spreadsheet assembly, done by hand, checked twice, […]

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Finance professional frustrated at a desk, with the phrase "The quiet cost of a system change," from a Vivid Reports article on the reporting risks of an ERP transition.

Five ways reporting breaks during an ERP transition 

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An ERP transition is a tremendous undertaking for everyone involved. Once it is underway, it becomes one of the most disruptive business transformations a company will take on, one that shuts down almost every initiative not directly tied to the go-live. The part most companies do not plan for ahead of time is the financial reporting side. Finance approves the

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Vivid Reports blog on how finance teams build a faster annual budget in Excel

A faster budget process starts with leaving the ERP rigid module behind

Leave a Comment / Budgeting & Forecasting, Financial Reporting /

Most ERP budgeting workflows answer one question: where is this budget in the process, who owns it, and has it been approved?  A collaborative budgeting system answers a different one: why is this number what it is, who contributed to the assumption, what changed, what still needs discussion, and how do finance and the business

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Vivid Reports customer spotlight on how finance teams get more value from Vivid over time

Finance teams get more value from Vivid the longer they use it

Leave a Comment / Financial Reporting, Vivid Product Education /

Vivid customers don’t wait six months for value. They start by solving one reporting or budgeting problem completely, then use the time and capacity they get back to tackle the next one. That approach is reflected in Vivid CPM’s G2 benchmarks: two months to implement and four months to return on investment. Instead of a lengthy data

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Excel financial report comparing This Year and Last Year columns, with the Last Year column locked and greyed out and tagged "in the retired system," showing that financial history stays behind after an ERP transition.

Your financial history probably isn’t coming with you 

Leave a Comment / Financial Reporting, Industry Insights /

The first close after an ERP go-live tends to go like this. Someone on the finance team opens the new system to build the monthly board pack, the one that puts this year next to last year. They go check prior-year transactions because the chart of accounts changed and are reminded that only the trial balances are there. The new ERP started life more

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How Finance Teams Automate Excel Reporting with Vivid Reports 

Leave a Comment / Excel Tips, Financial Reporting /

Finance teams rely on Excel because it provides the flexibility they need to build, analyze, and present financial information in a format the organization understands.  The problem is rarely Excel itself.  The problem is the manual work that grows around it.  Finance teams can lose critical days exporting data from their ERP, updating formulas, maintaining linked workbooks, rebuilding standard

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Two colleagues at a desk with monitors showing colorful financial charts, one raising her arms in celebration. Text reads "The answer is one click away." with the Vivid Reports logo.

Why Finance Teams Spend More Time Explaining Numbers Than Using Them

Leave a Comment / Budgeting & Forecasting, Financial Reporting /

For most finance teams, the data is already there. Getting a clear answer out of it is the hard part.  A report shows a variance and the number is right in front of you, but the reason behind it is not. That is the moment the work slows down, and it is the moment two Vivid customers kept

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Vivid Reports guide to multi-entity reporting in Excel: "Two finance teams, one workflow that scales," with finance staff reviewing reports at a table.

How Two Finance Teams Eliminated Spreadsheet Chaos at Scale

Leave a Comment / Budgeting & Forecasting, Financial Reporting /

Excel is rarely the problem in finance. What happens is businesses outgrow the Excel capabilities that once served them well, and multi-entity reporting in Excel is usually where the strain shows first. Most teams run everything through spreadsheets. Modeling, budgeting, reporting, consolidation. The setup works well when the company is small, and it keeps working

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Long-term care finance team and site leaders in a productive monthly review meeting around a conference table

How to Turn the Monthly Financial Package into a Collaborative Tool for Long Term Care Site Leaders

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The monthly financial package, and the review meeting built around it, is where corporate finance and site leadership connect. In long-term care, constant margin pressure, surging operational and regulatory expenses, and growing reimbursement complexity have raised the stakes. When the review meeting works, site leaders walk out knowing where they stand and what deserves their

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Finance leader presenting financial reports to long-term care site managers in a bright meeting room, with the text "Give site leaders numbers they can act on.

Empowering Site Leaders in Long-Term Care with Better Financial Visibility 

Leave a Comment / Financial Reporting, Industry Insights /

Long-term care organizations are operating under increasing pressure. Labor costs remain unpredictable, occupancy trends shift quickly, and site leaders are expected to make faster operational decisions with fewer administrative resources.  Yet many facilities still rely on reporting processes built around delayed spreadsheets, manual consolidations, and disconnected systems.  The issue is not a lack of data.

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