What is AI-driven reporting?
Compiling management and quarterly reports is one of the most time-consuming tasks for financial professionals. Gathering data from multiple sources, performing analyses, creating charts and writing text takes an average of 2–4 hours per report. According to EY, financial teams spend 40–60% of their reporting time on data processing rather than analysis.
AI-driven reporting automates the entire process: from data extraction and analysis to generating insightful text, charts and conclusions.
How does it work?
AI retrieves data from your accounting system, CRM and other sources. The system then automatically performs analyses: trend comparisons, ratio analyses, budget variances and benchmarks. The results are translated into readable text and visual dashboards.
Report templates are tailored to your house style and the specific information needs of your clients or management. Once configured, the process runs fully automatically.
What does it deliver?
Firms report 60% faster reporting, more consistent quality and more time for valuable analysis and advisory work. According to McKinsey, AI shifts the time allocation of financial professionals from 70% data processing to 70% analysis and advice.