Why late reporting costs you money - and how to fix it
Published: 28th Nov 25
Why late reporting costs you money - and how to fix it
You can’t make good decisions with numbers that arrive weeks late – yet so many finance functions run this way.
You’re trying to lead from the front. Making decisions that shape the future of the business.
But the numbers you need to steer the ship? They show up three weeks too late – if at all.
And when they do land in your inbox? They’re unclear, inconsistent, or missing key details.
No wonder it feels like driving through fog.
When reports are late, you:
– Miss early signs of margin changes.
– React too slowly to shifts in costs.
– Spend hours chasing spreadsheets instead of leading the business.
What works:
1. Insist on clean month-end reports within 10 days.
Any slower, and you’re making decisions on out-of-date information.
2. Build real-time tracking for key drivers.
If labour or stock shifts by just a few percent, you should see it immediately – not at month-end.
3. Streamline the approval and data flow.
Most “late numbers” are caused by delays in approvals or missing paperwork. Simple, structured processes fix this.
Getting numbers faster isn’t just about speed – it’s about agility, control, and avoiding costly surprises.
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