Narrative reporting is giving context to your data. It's explaining where and why your business didn't meet budgets & forecasts.
In this time of economic uncertainty, the need for increased commentary and narrative in reporting is more important than ever. Error-prone, manual, and ad hoc performance reporting processes fall short – leaving your business leaders with unanswered questions. Ask yourself:
Narrative reporting is one of the five tools that will help you survive in economic downturn.
The CFO has an opportunity to create value with digital technologies. Indeed, the ability of management to clearly explain the quality and durability of corporate performance increases in importance as reported earnings become more volatile.
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