Year-end processes are notoriously time-consuming and stressful—especially for finance teams juggling multiple spreadsheets, manual reconciliations, and tight reporting deadlines.
For organisations like the NFCC, with complex funding sources and accountability requirements, year-end can quickly become a major operational burden.
The Challenges of Year-End with Traditional Tools
Relying on systems like Sage 50 and Kefron P2P can make it difficult to close the year efficiently:
- Disparate Data Sources: Financial data spread across systems increases the risk of inconsistencies and missed deadlines.
- Manual Reporting: Generating year-end reports often requires time-intensive spreadsheet work and data manipulation.
- Limited Forecasting Accuracy: Without real-time updates, forecasts are outdated the moment they are produced.
- Audit Pressure: Lack of visibility and traceability can turn audits into painful, time-draining exercises.
- Increased Resource Demand: Manual processes often require additional manpower to meet deadlines, driving up costs and reducing overall efficiency compared to automated solutions.
How UniFi Simplifies the Year-End Process
UniFi offers automation and visibility that dramatically reduce the time and effort involved in year-end reporting:
- Live, Linked Data: UniFi pulls real-time data directly from your finance system, ensuring accuracy across all reports.
- Automated Workflows: Approvals, accruals, and reconciliation tasks are tracked and completed automatically.
- On-Demand Reporting: Run budget vs actuals, project summaries, and funding breakdowns with just a few clicks.
- Audit-Ready Records: Every transaction and approval is securely recorded, making compliance effortless.
- Lower Resource Demand: Automation reduces reliance on additional headcount during busy periods, allowing finance teams to do more with the same or fewer resources.
Real Results for Finance Teams
By using UniFi to manage reporting and budgeting processes, finance teams can:
- Close the year faster with fewer errors
- Deliver more accurate financial insights to leadership
- Reduce time spent preparing for audits
- Reallocate time to strategic planning and forward-looking analysis
- Reduce costs
Conclusion
If your year-end feels more painful than productive, it might be time to rethink your tools. UniFi helps teams like the NFCC simplify reporting, improve accuracy, and get more done with less stress.
Ready to make year-end easier? Book a free call today
