Learn how to automate management Narrative Reporting and shorten the time from analysis to decision with the synergy of Fincorex® and Power BI.
Marketing OPEX is 412 kPLN (−12.4%) below budget. The main reason is the Q2 campaign moved to June (380 kPLN) – a timing shift, not a permanent saving. The remaining 32 kPLN is a saving on media buying.
Sample data · hover over an underlined number in the answer
Ask questions as if you were talking to a teammate.
AI combines financial and operational data into one consistent analysis.
Clear, personalized explanations of variances and their root causes.
You ask a question in natural language, and the AI analyzes the relevant data, runs the calculations and gives a business answer with its reasoning.
Fincorex AI connects to language models available online or installed locally. It works in read-only mode: it analyzes data in the system, but does not store it outside the client’s environment or use it to train external models. Access is limited by the user’s permissions in the EPM system.
Ready-made management commentary based on data, not opinions.
Separates significant trends from one-off data variances.
The system helps translate numbers into business scenarios.
In thousands of rows of data it’s easy to miss what matters most, even for an experienced controller. Here are four common mistakes in interpreting financial results.
In a report, we look at the overall result first, e.g. profit or plan achievement. When it looks good, it’s easy to assume everything works and skip the details.
Yet problems often hide further down: rising costs in cost centers, a falling margin in a segment or inefficient processes. The headline figure alone can distort the picture of the company and delay the response to risks.
We naturally focus on data that confirms our first conclusions. A good result in one segment can then mask a steady margin decline in another.
It’s not a question of competence but of scale: with many variables, it’s hard to account for all of them at once. The result is a wrong diagnosis and decisions based on an incomplete picture.
Short-term fluctuations in revenue, costs or margin often result from seasonality, one-off events or accounting shifts. Yet a single variance is sometimes taken for a lasting trend.
The company then fixes what works or downplays real warning signs. Without separating noise from trend, the risk of wrong decisions grows.
The same number can sound different. “90% of plan achieved” and “−10% variance to budget” say the same thing but trigger different reactions.
Managers stress successes, controlling stresses risks, and the board looks through the lens of strategy. Without one structured interpretation, optimism or panic replaces a conversation about facts.
Month-end close processes are labor-intensive and data is scattered. Even though information is technically available in EPM systems, the key challenge remains effective analysis and timely delivery of concise conclusions to management.
Narrative Reporting is a method of presenting financial data that combines numbers with a substantive description, operational context and professional interpretation.How to do it well? Watch the webinar →
A text report in which numerical values are filled in automatically from EPM data.
Sales revenue was 48,260 kPLN, or +2.9% above budget. Gross margin reached 18,850 kPLN. Marketing OPEX was 412 kPLN below budget, mainly because a campaign was moved to June. EBITDA was 6,533 kPLN versus 6,377 kPLN in the budget.
A summary in the form of a card with a visual description: a template combined with text, plus a table of figures.
Result above budget thanks to higher sales and lower marketing costs, partly offset by higher personnel costs.
A quick view of the numbers and their interpretation in one place, helping operational managers make decisions efficiently.
As a Proof of concept, we'll rebuild your reporting or planning model in Fincorex® and show it to you at our next meeting.