How much time can automated reporting save a trading business?

That depends on how reports are made today. In many small trading companies, the weekly position, the margin overview and the month-end figures are collected by hand from several files. That can take several hours a week. With reports that come straight from contracts, orders and invoices, those hours largely disappear, and the figures are current every time you open them.

Where the time goes now

With illustrative figures:

That is about 15 hours a month, before checking for errors.

What automated reporting changes

• No collecting. Reports use the data that is already in the system.
• Always current. Every report shows the situation at the moment you open it.
• Same definitions. Everyone looks at the same figures, calculated the same way.
• Self-service. Traders and management open the report themselves instead of asking for it.

What to watch out for

• Agree on definitions first. What counts as margin, which costs are included, which period is used.
• Start with the reports you use every week. Add others later.
• Keep Excel for ad hoc analysis. Export a report when you want to dig further.

To put a value on the time saved, see How do you calculate the business case for replacing Excel?

Reporting and Moo Software

Moo has more than 50 reports, including position lists, mark-to-market and purchase and sales statements. Web Reports add graphs and pivot tables, dashboards can be built with AI, and the iPhone app shows positions and stock levels on the go. Reports can be exported to Excel.

See it with your own data

Want to see your own figures in Moo reports? Reserveer een demo or neem contact met ons op.