Epicor Financial Planner - Podcast
Article Audio | Why Use EFP for Financial Reporting
November 25, 2021
When tracking business performance, having access to reliable data and reports is crucial to draw an accurate conclusion and decide on the right course of action. Companies of all sizes often struggle not just with mining data but also with financial reporting. Shareholders, board of directors, and managers must have complete trust in a company's financial statements. They require factual data to create informed projections of future cash flows' scale, timing, and volatility and determine if the resulting value estimate is appropriately represented in the current stock price. They might also make sensible judgments on whether to invest in or purchase a firm, fostering effective capital allocation. In most cases, even when done in good faith, financial predictions and judgment calls can be vastly wrong. As a result, unofficial measures have emerged, each with its own set of issues. Last but not least, managers and executives are frequently tempted to misreport financial data intentionally.

EFP offers an in-depth and sophisticated solution for reporting & analysis, consolidation, budgeting, and dashboarding to complement your use of ERP system.

EFP strikes a unique balance between offering heavy weight FP&A features and ease of use.

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