Working Day 1 Reporting
Warrington and Halton Teaching Hospitals NHS FT, North West, Acute
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Warrington and Halton Teaching Hospitals NHS FT, North West, Acute
The finance department needed to move the month-end reporting from working day six to working day one, to reduce the delay in reporting to clinical business units (CBUs). Without this the CBUs would be making business decisions based on out-of-date financial information. It enables more timely information to be available for decision making, and finance staff will be able to increase support to managers and budget holders due to the reduced reporting timescale and less time correcting coding and process errors by users.
How might we overcome the barriers faced in implementing working day one reporting, so that we can provide timely, up to date and relevant financial information?
The tangible benefits from this project include:
The intangible added value is:
All the documents and resources relating to this innovation can be found in the downloads section at the bottom of the page.
Read now“The agility/ timeliness of information this gives to decision-makers and the opportunity for finance staff to engage in value-added activities is impressive.”
“I would recommend that this working day one reporting project is implemented across many organisations.”
“This is a great innovation which is helpful to the wider Trust, and not just the finance team. Getting the information to budget managers in a timely way can be much more beneficial to them. The early reporting is also advantageous to the executive team.”
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