Driving Performance for Private Equity Firms 11
Conclusion
The way private equity firms are gaining deep financial insight is changing. As an executive, you have
a decision to make about how you choose to deploy your human resources and the extent to which
technology enables your finance department to add more value across the enterprise.
A fast close mindset helps because it heightens the need to maintain data integrity throughout the
period instead of just once a month� Once this real-time mindset is adopted, opportunities for more
frequent weekly, daily, or even on-demand reports and analysis emerge�
Real-time reporting is greatly enhanced when the middleman, a spreadsheet, is eliminated from the
equation� Disparate sources of data are seamlessly aggregated within a strong analytical tool� A tool
that can sort, slice, and dice data to answer the sorts of everyday business questions that o en arise.
Well-designed and implemented dashboards give you the best possible control over financial processes.
Dashboards are user defined, easily tailored, drill-down enabled, and visually direct a ention to the
important KPIs of the business�
Are your IT and finance resources buried in ad hoc analysis? Is it a challenge to have strong,
decision-relevant information at your fingertips to manage the business with confidence? Then,
evaluating your own reporting systems is your next step�
