Endless spreadsheets, loading errors, formulas not working, data sources scattered… Sounds familiar? Data integration, preparation and management is a recurring, manual, day-to-day challenge for timely and accurate reporting and analysis.
Learn from our infographic and do not let this happen to you!
1. DATA INTEGRATION
Data preparation and integration is a daily challenge for risk professionals. Massive data volumes is scattered in different sources such in Excel Spreadsheets, CTRM, ERP, Financial systems and more.
Commodity data usually comes in many different currencies, languages and formats. One of the greatest challenges is to manually standardize, check and normalize these data sets.
Most companies have entire risk teams working on the same spreadsheets. One of the most labor-intensive challenges is to modify and adjust the reports while spotting numerous of errors. It is that time frustration really starts to kick in!
Errors are piling up! According to statistics 88% of spreadsheets contain errors. Are you sure you are looking at timely and accurate data?
Reports are piling up, errors are continuous, and deadlines are approaching. Tik-tok!
Late submissions and deadline pressures cause stress, frustrations, more errors and eventually…
7. A BURNOUT
Sounds familiar? It does not have to be this way!
ITS TIME FOR A VACATION FROM SPREADSHEETS
Automated data management software is the key to deliver faster and accurate risk and performance reporting. Sign up for a demo and explore how to stay one step ahead of spreadsheet mania and to take your risk and performance reporting to the next level. Sign up here: https://www.tradesparent.com/demo