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What does your Excel financial reporting really cost?
Two out of three CFOs still build their reporting in Excel to save money. Answer 4 questions and see what it actually costs your company every month.
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Run the numbers in 1 minute
4 questions about your reporting: consolidation, analytics, country and the profile of the person who produces it. The estimate is based on the time spent and the employer cost of that profile.
Answer all 4 questions to run the calculation.
One last step
Enter your business email to see your result. We will also send you a few ideas to reduce this cost.
Producing your financial reporting in Excel costs you on average
0*
per month
that is 0 per year
And this figure counts neither analysis time nor the cost of manual errors. Automate your reporting and spend that time on decisions.
* Estimate based on 2 days of reporting per month, the average daily cost of the selected profile (including employer costs for the country) and the complexity of your reporting (analytics, consolidation). Source: EMASPHERE internal study, August 2023.
Excel is powerful, just not for financial reporting
On average, a company spends 2 to 5 days a month building and maintaining its financial reporting in Excel: collecting data, formatting it, checking it. Measured against the salary of the person producing it, employer costs included, that time has a very real cost.
When the CFO does it, this reporting costs the company about €4,100 a month on average. And that figure leaves out analysis time, which is where a CFO really adds value.
Beyond time, the cost of errors
Every copy-paste and every formula adjusted by hand increases the risk of error. Wrong reporting leads to wrong decisions, and those decisions cost far more than the savings you expected from Excel.
Automated reporting pays for itself quickly
EMASPHERE connects to your accounting and business software, structures your data and updates your dashboards automatically. The time spent producing reporting goes back to analysis and decisions.
Frequently asked questions
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Is the calculator free?
Yes, it is completely free and with no commitment.
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How is the cost calculated?
We multiply the time spent on reporting (2 days a month, the low estimate from our internal study of August 2023) by the average daily cost of the profile who produces it, employer costs included for the country. Analytical or consolidated reporting takes more time, and the calculation reflects that.
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Why do you ask for my email?
To show your result and send you a few resources to reduce this cost. You can unsubscribe at any time.
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AI
Discover →EMASPHERE structures, validates, and models your financial and operational data.
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EMASPHERE
Discover →EMASPHERE connects, structures and models your business data in an intelligent data warehouse.
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Features
Discover →Consolidation, operational reporting, cash management, analytical reporting, forecasting.
What if your reporting updated itself?
