Board Report
February 9, 2023

Managing Increased Reporting Requirements: Insights from Brian

Managing Increased Reporting Requirements: Insights from Brian
Board Report
February 9, 2023

Managing Increased Reporting Requirements: Insights from Brian

Ignacio Gassó
Co-founder & Chief Operation Officer
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As businesses grow and evolve, so do their reporting requirements. This means that finance leaders like Brian must manage increased reporting demands while juggling other tasks. In a recent interview, Brian shared his insights on how he handles these challenges.

Firstly, Brian noted that reporting requirements have increased not just due to economic changes, but also because of the increased availability of datasets and automation. To manage this, he suggested automating things that don't change very often first, such as accounting, billing, and AP. By automating these processes, finance leaders can ensure that their datasets and reporting remain consistent and accurate.

Next, Brian emphasized the importance of having a good team in place to handle reporting requirements. This team can be fractional, outsourced, or internal, depending on the company's size and needs. The key is to have a team that can work effectively with newer tools to enable iterative reporting. This means having the capability to make changes on the go, answer board's needs, and drill deeper into metrics, scenarios, and historical data.

In summary, managing increased reporting requirements requires a combination of automation and an effective team with the right tools. By automating the base datasets and focusing on iterative reporting, finance leaders can meet the increasing demands for detailed reporting and analysis. Ultimately, this will help companies make better decisions and stay ahead in a rapidly evolving business landscape.

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