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Innovative business reporting software to enhance existing systems and provide real-time reports

Resumen

Tipo:
Oferta Tecnológica
Referencia:
TOUK20200513001
Publicado:
26/05/2020
Caducidad:
27/05/2021
Resumen:
A UK company has developed customisable business reporting software that enhances current systems and provides real-time management information, including reports on financials such as aged debtors and creditors. The software is also suited to companies seeking a more detailed understanding of their cashflow situation during Covid-19 related lockdowns. They are seeking to adapt this system to bespoke requirements to a range of partners via commercial agreement with technical assistance.

Details

Tittle:
Innovative business reporting software to enhance existing systems and provide real-time reports
Summary:
A UK company has developed customisable business reporting software that enhances current systems and provides real-time management information, including reports on financials such as aged debtors and creditors. The software is also suited to companies seeking a more detailed understanding of their cashflow situation during Covid-19 related lockdowns. They are seeking to adapt this system to bespoke requirements to a range of partners via commercial agreement with technical assistance.
Description:
During the Covid-19 pandemic, companies across the globe are being asked to produce detailed financial information in order to apply for a variety of government support.

For SMEs, producing this high level of management and financial information at very short notice is likely to be difficult. Often, the data exists but is hidden away in the recesses of an accounting system and a variety of spreadsheets.

Even if the accounts package can deliver all the information needed to back up the application, in all probability this will be spread over multiple reports, running into several pages per report. Often it´s a mammoth task to analyse and interpret the base data in order to be able to prepare reports in the format needed - and that´s assuming that the business has the capacity and expertise to handle this exercise.

A UK IT company has developed adaptable business reporting software that accesses key business data, every day and in real time where needed. It does this automatically, pulling in the data from ERP (Enterprise Resource Planning) systems as well as other data sources including spreadsheets holding sales targets; budgets; etc.

The system combines all of this data to populate a wide range of management information reports, tailored by their data analysts to fit a client´s exact needs, including reporting on financials such as aged debtors and creditors. This can enable users to attain a real time understanding of their immediate cash resource position and to help manage this, for example by changing supplier and debtor terms.

The bespoke system is installed with the assistance of the UK company, which also provides ongoing IT support. It can be installed remotely by their team of data analysts, typically in less than one day and at a fixed cost.

Working hand in hand with a client´s financial advisors, the UK company sets up the templates to deliver the exact format of reports needed to group and filter data directly, with no IT skills necessary.

The system can also help provide the key information needed for Covid-19 support applications but can also ensure more confident decisions required daily to protect a company during the pandemic.

The UK company is seeking partners from a wide range of sectors that might be interested in employing the software, which is installed to a businesses´ bespoke needs, as well as providing ongoing IT support for its use, via commercial agreement with technical assistance.
Advantages and Innovations:
- Replaces spreadsheets
- Connects to data from ERPs
- Connects to any data source
- Connects to target data
- Connects to legacy systems
- Automatically collects data
- Includes standard reports
- Includes bespoke reports
- No skills required
- Custom security levels
Stage of Development:
Already on the market
IPs:
Other
CommeR Statunts Regarding IPR Status:
Software so not patented but trademarked.

Partner sought

Type and Role of Partner Sought:
Type: Industry
Activity: Any company that manages their own financials and sales with existing business software
Specific role of partner sought: Working with the UK company to determine the needs of the new system and having it adapted to their existing software (eg Sage). The client also provides ongoing IT support.

Client

Type and Size of Client:
Industry SME <= 10
Already Engaged in Trans-National Cooperation:
No
Languages Spoken:
English

Keywords

Technology Keywords:
01004009 CRM - Gestión de las Relaciones con los Clientes
01003006 Computer Software
01003008 Data Processing / Data Interchange, Middleware
01003010 Databases, Database Management, Data Mining
01003013 Information Technology/Informatics