Finance reporting
project utilising Power tools
Oxford University Hospitals NHS Foundation Trust, South East, Acute
The problem
The finance systems and reporting team needed to improve the financial reports being provided to budget managers and management accountants otherwise they would not have a clear understanding of the financial position within the trust.
The challenge
How might we improve the financial reports being provided to budget managers and management accountants to give them a clearer understanding of the financial position within the trust?
The outputs
- professional looking reports which present data both graphically and in table format
- the ability to drill through from a high level to the detail
- ability to undertake quick analytics
- increased speed in providing answers to financial questions and giving better insights
- productivity gains in producing information (as per SPC production).
The outcomes
- enthusiasm within the team related to development of the tool
- positive feedback from finance colleagues for the information/ reports produced.
- engagement from business/ budget managers into the finance details of their area improvement in reports produced for users.
The Innovation
Read the full innovation on this reporting tool
All the documents and resources relating to this innovation can be found in the downloads section at the bottom of the page.
Read nowWhat the peer-reviewers said
“It reduces our reporting timetable and should enable the finance team to be more productive and enhance their health and wellbeing.”
“Good use of technology available and sharing of developments”
“Reduces the amount of time processing and more time analysing the data, standardising it for their users, while continually looking to build and enhance the functionality of the software.”
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Here are all of the documents and resources related to this innovation