Context

Automatic Report Generation

Automated report generation can help your organization perform better while saving it time and money. It enables organizations to develop reports more quickly and easier. Symphona can help address the challenges involved with manual report generation through its automation and AI tools, reducing errors while saving time and money. 

Some challenges involved with manual report generation include: 

High Error Rate

Manual data entry can result in a plethora of mistakes, resulting in inaccurate and incomplete information being included in reports. There is further possibility of human error when multiple people work together to create the report, as potential miscommunication or misunderstandings can lead to more errors. By automating report generation through Symphona, your organization can eliminate these errors and catch them when they do occur. 

Lack of Data Analytics

Due to the increased chance of errors in manual reporting, those involved in reporting must typically spend time validating the data and ensuring it is correct. This is usually done without access to advanced data analytics. By removing the opportunity to analyze financial information, organizations miss essential insights that impact crucial decisions and can hurt their retention rate. Even with correct data, the report may not be as valuable as it could be by lacking data analytics.

Too Much Time and Resource Requirements

Gathering and organizing data from various sources can be time-consuming, especially if the data is poorly structured or low quality. Ensuring reports are clear, concise, and visually appealing is time-consuming as it can involve multiple rounds of review and approval. Symphona can help streamline the review process, freeing up time and manpower. 

Solution

How Symphona Helps

By utilizing Symphona Flow and Resolve, your organization can streamline report generation, resulting in timely reports with higher accuracy and improved resource allocation. These tools are no-code, allowing for people of any technical skill to use them. Furthermore, with Symphona operating on a usage-based system, your organization only pays based on how many automations you use.

Flow can automate data entry and report formatting, boosting the efficiency and effectiveness of the report generation process. It can reduce the risk of errors in report generation by automating tasks that are prone to human error, such as data entry or calculation errors. This characteristic helps improve the accuracy and reliability of the results. 

Flow can easily scale and customize to meet the specific needs and objectives of the organization. This trait helps ensure that report generation aligns with the overall goals and objectives of the company.

Resolve can identify and correct inconsistencies in data extracted from paper documents or scanned images. This functionality boosts the data quality used to generate reports. 

Resolve can speed up data extraction, reducing the time required to generate reports. This can be beneficial for generating reports regularly or in a limited amount of time. Resolve extracts data from various document types and formats, making it possible to generate reports from various sources.