Enhance Your Financial Reporting with BiG EVAL

Key Benefits Overview

Here’s how BiG EVAL can transform your financial operations and empower your team:

1. Reduce Financial Reporting Risks
   • Impact: Financial misstatements can cost organizations an average of $12.9 million annually.
   • Benefit: Automated validation helps prevent these costly errors and ensures compliance with regulatory requirements. This frees up finance teams to dedicate more time to strategic analysis and value-added activities, rather than being bogged down by data verification.
2. Accelerate Financial Close Process
   • Impact: Inefficiencies in data validation cause U.S. organizations to lose $1.7 million per year for every 100 employees.
   • Benefit: BiG EVAL streamlines the financial close process by eliminating manual checking procedures. This results in a shorter financial close cycle, allowing your executive team to make faster, more informed decisions.
3. Boost Stakeholder Confidence
   • Impact: Accurate and timely financial reports are crucial for building trust with stakeholders.
   • Benefit: Reliable financial data improves relationships with investors, auditors, and regulatory bodies, which can lead to lower costs of capital and reduced audit fees. Enhanced stakeholder confidence translates into a stronger financial position and a more stable business environment.
4. Optimize Resource Utilization
   • Impact: Data professionals currently waste 50% of their time on unsuccessful or repeated data efforts.
   • Benefit: Automating validation processes allows finance teams to redirect their expertise to more strategic initiatives and business partnering activities. This optimization leads to better utilization of resources and improved productivity across the organization. Additionally, it empowers team members to leverage their skills in more impactful ways, showcasing their expertise in high-value areas.
5. Enable Data-Driven Decisions
   • Impact: Organizations that embrace data-driven decision making are 5% more productive and 6% more profitable.
   • Benefit: By ensuring accurate and timely data validation, BiG EVAL enables your organization to make informed, data-driven decisions that enhance overall productivity and profitability.

Key Stakeholder Benefits

• Chief Financial Officer (CFO)
  • Accuracy and Compliance: Gain confidence in the accuracy of financial reporting, reducing risks and improving compliance with regulatory standards.
  • Strategic Focus: Accelerate the financial close process, allowing more time for strategic decision-making and analysis.
  • Stakeholder Trust: Build stronger relationships with investors, auditors, and regulatory bodies, leading to potentially lower audit costs.
• Finance Teams
  • Efficiency Gains: Reduce time spent on manual validations, allowing focus on high-value tasks and strategic initiatives.
  • Skill Enhancement: Develop skills in data governance and automation, positioning finance professionals as key contributors to digital transformation initiatives.
  • Recognition and Growth: Elevate your role within the organization by leading the charge in modernizing financial processes, gaining visibility with executive leadership. The expertise in data quality will be more vital and valued as it shifts towards strategic contributions.
• Investors and Auditors
  • Trust and Transparency: Rely on the accuracy and timeliness of financial reports, gaining better insights into the organization's financial health.
  • Risk Reduction: Minimize the risk of financial misstatements, enhancing the overall integrity of financial reporting.
• Executive Leadership
  • Informed Decision-Making: Access reliable financial data quickly, supporting more informed and strategic business decisions.
  • Growth Support: Enable and support strategic growth initiatives with accurate financial insights, enhancing the organization's reputation for financial integrity and reliability.

What Sets BiG EVAL Apart?

• Seamless Integration: BiG EVAL integrates with all your financial systems and data sources, ensuring consistent and accurate data validation.
• User-Friendly Interface: Designed with ease of use in mind, enabling quick adoption and minimal training requirements.
• Scalability: Whether you're a small business or a large enterprise, BiG EVAL scales with your needs, ensuring that you get the most value from your investment.