Transforming Month-End Reporting with Power BI Consulting in Singapore
How a Singapore manufacturing group automated financial reporting with Power BI, cut month-end closing from five days to hours, and gave management real-time insights.
Why Finance Teams Struggle at Month-End
Closing the books every month shouldn’t take five days. Yet many finance teams in Singapore still spend long nights reconciling spreadsheets, chasing reports from multiple systems, and waiting until the fifth working day before management gets a clear picture of performance.
One Singapore-based manufacturing group decided to change this. By working with Power BI consulting experts in Singapore, they cut their month-end closing time from five days to just a few hours while improving accuracy and freeing up the finance team for higher-value work.
The finance team’s month-end process looked familiar:
- Exporting data from ERP (Enterprise Resource Planning), banks, and subsidiaries into Excel
- Reconciling intercompany balances manually
- Creating multiple report versions for different stakeholders
- Double-checking formulas for errors
The result: five full days of work just to confirm what had already happened last month.
The hidden costs were significant:
- Decision delays — business leaders waited days before adjusting pricing or operations
- Talent burnout — analysts spent late nights fixing spreadsheets, leading to turnover
- Accuracy risks — manual reconciliations caused frequent restatements
- Lost opportunities — the finance team had little time left for analysis or strategy
The Shift to Power BI Dashboard Solutions
Instead of a “big bang” IT overhaul, the group partnered with a Power BI consulting team in Singapore to target the most manual parts of their close process. Over 12 weeks, they implemented a series of improvements:
- Automated Data Integration
- ERP, bank, and sales data fed directly into Power BI
- Subsidiary reports consolidated in real time
- Continuous refresh, eliminating waiting time for exports
- Standardized Templates
- P&L, balance sheet, and cash flow reports auto-generated
- Variance analysis flagged exceptions instantly
- 80% of recurring work eliminated
- Smart Reconciliation
- Automatic matching of intercompany transactions
- Exceptions-only review, with full audit trail
- Time taken reduced from two days to two hours
- Predictive Close
- AI models estimated accruals and missing entries with 95% accuracy
- Preliminary results available on Day 1 morning
Life After Automation
Today, the finance team starts the new month differently:
- 7:00 AM — Finance Director opens the Power BI dashboard
- 7:15 AM — Reviews preliminary results
- 8:30 AM — Validates a few manual adjustments
- 9:00 AM — CEO receives a full report with insights
Instead of spending five days on reconciliations, the close now takes less than three hours of human time focused on review and analysis,not data crunching.
The Benefits Beyond Speed
Higher quality — accuracy improved to 99.7%, with no material adjustments in the past year.
Financial results were clear:
- Contractor costs eliminated: $120,000 annually (no need for temp staff during month-end crunch)
- Faster decisions: $200,000 in opportunities captured through earlier pricing and purchasing actions
- Total annual benefit: over $300,000 in measurable financial impact
Intangible gains:
- No more late nights or weekend work during month-end
- Lower staff turnover and higher team satisfaction
- Analysts freed up for strategic projects instead of repetitive reconciliations
Why Singapore Finance Teams Are Turning to Power BI
Many finance leaders assume automation requires a major system overhaul. The reality: with the right Power BI dashboard solutions in Singapore, existing systems can be connected in weeks, not months.
By engaging data visualization services in Singapore, finance teams can:
- Shorten close cycles from days to hours
- Improve accuracy and audit readiness
- Free up analysts for strategic work
- Deliver real-time insights to management
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Bottom Line
Month-end reporting doesn’t have to be slow, stressful, or manual. With Power BI consulting in Singapore, finance leaders can transform their reporting processes, cut closing time dramatically, and give their organizations a competitive advantage through real-time financial intelligence.
ITLink helps finance teams across Singapore implement Power BI dashboard solutions that deliver measurable ROI, reducing manual work, improving accuracy, and accelerating decision-making.
Ready to move your month-end reporting from manual to modern? Contact ITLink at info@itlink.com.sg to explore how our data visualization services in Singapore can help your finance team transform in weeks, not months.
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