E-consolidation - Smart Notes

About Smart Notes

SmartNotes is a workflow based standard software assisting the user in the organizational planning, tracking and realization of report writing processes with a focus on financial reports (e.g. IFRS, local gaap, etc.). The software encapsulates the user interface, the business logic and the data storage into modular tiers, enabling the operating departments to work with multiple users on the resulting documents. PwC Hungary together with AMANA Consulting (Germany) is proposing the SmartNotes application as solution addressing the Company’s requirements and needs.
 

Benefits of using SmartNotes application

The introduction of SmartNotes as content management system for financial report generation introduces the following advantages over the current situation:

• Optimized data flow from the SAP system into the final report document(s)
• Time and cost savings due to increased level of  automation
• Reduction of manual tasks in the reporting process
• Ability to work parallel on tables and text passages
• Increased control,  transparency and  security over the reporting process
• Traceability of changes in reported text and figures
• Increased quality of financial reporting
• Higher flexibility in respect of „last minute changes”
• Automatic consistency checks for published figures
• Various output formats for multiple report purposes (Word and PowerPoint format)

The example of the Cockpit: