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In the world of financial software, particularly in the field of consolidation and reporting, various solutions are available. Two frequently mentioned options are Smartbooks and Lucanet. Both systems offer powerful functionalities, but depending on your organization’s needs, their strengths may differ. In this blog, we compare the key features of Smartbooks and Lucanet to help…
Settlement of exchange rate differences in Smartbooks.AI when processing GL postings in foreign currencies Smartbooks.AI is a platform that intelligently automates the analysis, reporting, consolidation, and budgeting of financial and operational data. This blog explains how the system converts foreign currencies and the automatic entry made to report the result of exchange rate differences. Situation…
In the realm of financial analysis, particularly when reviewing business performance for the preceding month, precision, relevance, and swiftness are paramount. As a finance manager, your goal is not only to enrich management discussions with valuable insights but also to execute your role with agility and intelligence. This dual pursuit of effectiveness and efficiency underpins…
Record to Report The idea behind the end-to-end (E2E) process concept is to provide a holistic view of business operations, focusing on the complete flow of a specific process from its beginning to its end. This approach aims to enhance efficiency, improve performance, and ensure that every step of the process is aligned with the…
Plan to Perform The idea behind the end-to-end (E2E) process concept is to provide a holistic view of business operations, focusing on the complete flow of a specific process from its beginning to its end. This approach aims to enhance efficiency, improve performance, and ensure that every step of the process is aligned with the…
In the world of business intelligence, understanding the right tool for the right job is crucial. Among the myriad options available, FP&A (Financial Planning & Analysis) tools and PowerBI stand out for their specialized capabilities. However, their functions, while distinct, are complementary. This blog post will break down the differences and suggest why both tools…
While spreadsheets are commonly used for lists, calculations, and graphs, there are tasks they are not suitable for. Large files (many rows/columns) are problematic in Excel or Google Sheets, as spreadsheets aren’t databases. Handling massive data slows down filtering, sorting, and calculations, especially for multi-year accounting.
Let’s dive into the similarities and differences between FP&A and EPM.
Smartbooks features a ChatGPT plug-in that can read monthly reports and autonomously write commentaries. While these analyses are based only on the input data and may sometimes be mere factual summaries, we find it time-saving to have ChatGPT draft these notes, which then can be edited and enhanced.
When assessing a company’s progress and deciding if intervention is needed, certain numbers and ratios are crucial. Based on our experience, you’d want quick and reliable access to the following information.
