8 Ways Your Team Can Benefit from Financial Reports Training

August 6, 2019
News, Technology
4 min read

During a large-scale ERP or CRM software implementation, like Microsoft Dynamics NAV or Business Central, successful solution adoption relies heavily on training. In order to embrace the technology and efficiently integrate the new processes into their daily life, every user needs to be sufficiently trained on how the software works and how to use it in their specific role.

From finance to sales, each individual in every department of an organization is responsible for learning new technology and new processes that can have a huge impact on a company’s bottom line.

But why does training stop at implementation?

Technology is constantly evolving, and so should your training programs. When it comes time to upgrade that new ERP or CRM system of yours, there will be system updates and the latest features to learn. Maybe there’s a better way to achieve the same result without all the workarounds in your current system?

Report training follows the same pattern. You roll out a new financial reporting solution, pay for some custom reports, train your staff on how to edit and share those reports, and close the book. Meanwhile, new reports are expected, old reports need to be modified, and your company needs to keep up with specific reporting standards. If training is always the first thing that gets moved – it’s time to consider the repercussions.

The Importance of Financial Report Training

Let’s talk about financial reporting. Financial reports are the documents and records you need to report and share information about your company’s financial position. To accurately build these reports, every member on your finance and accounting team needs to have the same level of knowledge about what information is required and what needs to be included.

The actions and decisions that your employees make affect the financial picture of your company. If there are any mistakes made or information missed, the consequences could be severe. Besides the fact that the data you are reporting is inaccurate and can lead to bad decision making, it could also result in costly fines.

There are 8 main reasons why keeping up-to-date on your financial report training is essential to the growth and financial success of your company.

Financial report training helps you:

  1. Comply with accounting standards, regulations, and industry practices
  2. Deliver effective use of budgets, balance sheets, P&L statements, and other financial data
  3. Set expectations for employees and clients
  4. Standardize reporting for consistency and readability
  5. Provide meaningful analysis and accurate decision making
  6. Increase productivity throughout the organization
  7. Improve communication across departments
  8. Align with overarching business goals and objectives

It’s important to remember that when you invest in report training for your employees, you are not only helping them become more efficient in the way they do their jobs – you are also getting the most out of your software. At Tigunia, we promote regular training and certifications because it keeps our team performing at their best and ensures we stay on top of every new update and change to the technology we use.

Financial Report Training from Tigunia

Recognizing the importance of financial reporting for our Dynamics NAV and Dynamics 365 Business Central customers, Tigunia has invested a ton of valuable time, resources, and energy towards building a financial report training program. We can help you train new users, update specific skill sets, and master new features.

The goal? We want to make sure that you and your team are always up-to-date and getting the most value out of your technology.

Specializing in Jet Global reporting and analytics products, as well as Power BI, Tigunia offers complete report support and training to our Microsoft Dynamics clients. Take a look at our new microsite for more details on our reporting and analytics services, including our easily accessible instructor-led training programs.

If your finance team is starting to feel out of touch, get in touch with Tigunia for more information on our financial report training options!