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The CFL Reporting System is a tool that allows your company to track the performance of an individual employee. It also provides you with data on how much time each person spends on certain tasks, their average number of keystrokes per minute, and more. You can even compare employees’ workloads or see if someone is slacking off!
The system was designed by organization experts who have studied human behavior in the workplace for years. It’s based on well-known principles from fields like psychology and cognitive science- so it helps companies work better together. The goal? To create happier, healthier workplaces where everyone feels valued and respected!
What is CFL capital financial reporting system?
CFL capital financial reporting system is an online version of the Capital Financial Reporting System to record and update business activities in different divisions. Assigned managers will always have the latest information about their division through this system. This system also provides useful visuals to present information about sales, expenses, and bills.
How to use CFL capital financial reporting system?
- Log in to CFL capital financial reporting system using the email and password assigned by your manager.
- Click the “Activities” tab on the left-side menu for more information about division activities (Completed and Scheduled Activities).
- A new window will open with a list of all transactions done or scheduled within 24 hours of login time as well as the current status of those transactions based on their completion date.
- To view bills, click “Bills”, then “Open bills”.
- You can edit any transaction that is still active under the Completed tab by clicking into it and filling out the required fields such as Date, Status, and Bill Number to close it off completely.
What are the benefits of using CFL capital financial reporting system?
- Managers can easily access to company’s department’s related activity anytime.
- Information regarding sales, income, and expenses will be shared through this system so everyone can see it easily in real-time.
- No more manual bookkeeping is required since everything is organized digitally.
- The division manager can check on a detailed list of transactions made by his/her team members anytime.
- Allows managers to check on transactions automatically, which saves time and work for them.
Disadvantages of using CFL capital financial reporting system:
- To set up and use this system is not free, it requires a certain amount of money.
- This will make companies slow in responding to time-sensitive matters since everything must be logged first before being handled.
- People will find it harder to cheat the system. However, it can also create more work for them since they need to explain their expenses every month if their transactions are flagged due to irregularities.
Future plans for the company and how it will affect its customers in the future
Their current plan is to come out with a mobile version of the CFL system. This will allow users to access their information even outside the office. They are confident that this will not affect users’ convenience by sacrificing speed since all employees already have smartphones now,’ said Janet, who works as a clerk in an HR department.
The company must come up with a mobile version of the financial reporting system as soon as possible if they want to keep up with the competition and meet the demands of its customers. As more people start owning smartphones nowadays it is important for companies to have a system where people can check their finances anytime anywhere to save time and work. If this happens then there might be no need for people to visit their office or even their companies.
“The system must be mobile-friendly if the company wants the trend to continue”, she added. I believe it is very urgent for them to catch up with this change.
CFL needs to come up with a mobile version of its financial reporting system in order to keep up with the demands of customers and competition. People own smartphones now so it is important that companies have a way for people to check their finances anytime anywhere which saves work time, said Janet who works as a clerk in the HR department. The company should meet the demands of its customers if they want to stay competitive, she added. If this happens then there will be no need for people to visit the office or even the company since they can do everything on phone. It is very important that the company comes up with a mobile version of its financial reporting system in order to attract new customers because people are moving towards smartphones, said Thomas who works as an Engineer in an engineering company.
People nowadays own smartphones which allow users to do almost everything through them. It makes sense that companies need to come up with mobile versions of their systems because there is no need for people to visit offices or even companies if they can do everything on phone.