Profits and losses (P&L) are two of your most telling KPIs and a central component of your broader business strategy. Tracking P&L carefully is essential for making informed decisions while fortifying your competitive position and engineering growth. The only problem is that effective P&L reporting is notoriously difficult.
Traditionally, P&L reporting requires extensive manual entry, making the process time-consuming and prone to error. Too often, reports are outdated, inconsistent, and opaque. Rather than providing performance insights and strategic suggestions, they create confusion and distortion.
More and more companies are turning to Hubble to simplify financial management. Gartner has included Hubble on its Magic Quadrant of companies in the finance corporate performance management (FCPM) space. Any solution on this list must be capable of at least reporting, analytics, or planning, and Hubble does all three. Hubble is also ideal for smaller companies that prioritize accessibility and user support.
Accolades aside, if you are eager to transform P&L reporting from an ongoing obstacle into an anytime asset, Hubble is the solution. Here are just a few examples of how Hubble simplifies and streamlines the process.
Automatically Integrate Data
The most laborious part of P&L reporting is finding the applicable data, integrating it, and organizing the results. Hubble automates each step while giving users powerful financial reporting tools for slicing and dicing data. Preparing reports is nearly effortless, so decision makers can spend less time searching for insights and more time applying them.
Drill Down to Data
P&L statements are great at providing a big-picture perspective, but not as great at going in-depth. Hubble solves this problem by making it easy to drill down into data. Users can instantly see the facts and figures that make up profits and losses, thereby understanding financial performance on a granular level.
Empower All Users
Users across the enterprise need to follow profits and losses. Without the right technical or financial expertise, however, the process can be intimidating. Hubble maximizes accessibility in several ways. Interfaces are designed to be user-friendly and instantly intuitive so that users can begin engaging with the tools with minimal training. Plus, Hubble integrates P&L reporting with other metrics, KPIs, and visualizations to provide valuable performance insights.
Alternative P&L tools offer a one-size-fits-all functionality that limits how users can engage with data. Hubble does just the opposite by permitting an extensive range of customized calculations. Users can adapt Hubble to their existing workflows and evolve the tool as priorities change. Instead of requiring users to adapt to the solution's set up, Hubble accommodates the user’s needs.
Speed up Reporting
Slow P&L reporting leads to delayed decision making and uncertain actions. Hubble handles the bulk of the heavy lifting so that you can run reports at any time and get results in seconds. By integrating P&L with a broad suite of financial reporting tools, Hubble provides the top-down, 360-perspective you need to make impactful financial decisions.
Why let P&L reporting continue to drain resources and fall short of potential? Hubble provides a complete solution that transforms reporting obstacles into assets. Ready to see how it works?