Multilingual reporting made easy

A SWIFTFINANCE REAL-LIFE CASE STUDY

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SwiftFinance Case Study

Context

An international group must enable the production of financial reports in several languages so that each local entity can fully understand the financial information coming from the head office.


  • ERPs already have limited reporting capabilities, let alone the ability to distribute them in multiple languages.
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  • Machine translation of reports does not achieve a sufficient level of precision and rigor to establish a common understanding.
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  • Manual management of multilingual reporting poses significant risks of human error. 


Multilingualism presents

Little-known and complex issues to mitigate

Manuel translation of reports

ERP systems don't natively offer a robust capability to dynamically generate financial reports in multiple languages. This forces teams to maintain multiple versions of reports, often manually translated into Excel, increasing the risk of errors and discrepancies.

Lack of centralization and standardization

Each local entity develops its own reporting models in Excel, sometimes with different terms or structures, which greatly complicates the consolidation of results and harms the consistency of the financial message across the group.

Lack of linguistic contextualization of analytical data

Some indicators, cost centers, or analytical axes have different meanings depending on the country. Microsoft NAV's reporting module does not allow for contextual translations or translations adapted to local vocabulary (e.g., "sales department" vs. "sales department"). This rigidity complicates the understanding and local adoption of reports.

Difficulty managing data model changes in multiple languages

When a financial statement needs to be modified or a new indicator added, each version of the report must be manually adapted in all languages. This increases the risk of inconsistencies and slows down the updating of reports across the group.

SEE HOW SWIFTFINANCE CAN HELP PEOPLE LIKE YOU

Un directeur financier parle de comment Swiftfinance permet de mieux gérer les enjeux de reporting multilingue

Finance Director,
Services

Previously, producing a consolidated report in three languages took us more than two weeks. Today, we have only one multilingual report template, automatically updated from the central financial model.

Swiftfinance has made it possible to manage this complex issue in a simple way, saving us a huge amount of time and ensuring consistency.

Un directeur financier parle de comment Swiftfinance permet de mieux gérer les enjeux de reporting en plusieurs langues

Finance Director,
Manufacturing,,

Thanks to the common taxonomy and the integrated translation layer, our subsidiaries in Germany, Mexico and France receive the same report, in their language, without any effort on our part.

With Swiftfinance we were able to eliminate 90% of translation errors in monthly reports.​

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How Swiftfinance can help you

 to publish multilingual information


Centralized support for multingual ⚫︎ One report, many languages ⚫︎ Specialized financial apps in many languages

Centralized support for multilingualism

SwiftFinance offers a centralized financial model that already contains the notion of languages, which allows you to centralize multilingual definitions of terms and data that are used in all reports, applications, documentation and interfaces.

The Swiftfinance FP&A solution efficiently manages multilingualism

Powerful multilingual reporting

SwiftFinance offers financial reporting that allows a single report to be produced in multiple languages, without having to maintain multiple versions, which allows an international organization to align with the same visualization practices.

The Swiftfinance solution allows the publication of financial reports in Excel in several languages
The Swiftfinance solution enables the publication of financial applications in Excel in multiple languages

Multilingual applications

SwiftFinance offers applications that can be displayed in multiple languages ​​and used by users of different languages, allowing for the imposition of a single, centralized governance at the level of an international organization.


IS YOUR ORGANIZATION STRUGGLING TO PROVIDE REPORTS IN MULTIPLE LANGUAGES ?

Request a short interactive demonstration that shows you how you can manage the concept of multilingualism in your organization much more effectively.

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