The accuracy and the level of detailing in financial reporting is closely associated with the manner in which financial data is collated, verified, and approved. Various financial reports like cash flow statements, balance sheets, or liquidity statements, involve lengthy preparatory and approval steps. These statements provide the management and financial teams with inputs required for making financial decisions. 

However, going about the reporting process that traditional way is prone to delays and inconsistencies. Given the importance of financial statement review and approval, it would not be a wise decision to stick to manual methods. Automating the cash flow statement approval process is a great way to overcome the drawbacks of manual processes and streamlining the workflow. A workflow solution like Cflow can turn the tables around for the cash flow statement approval process by eliminating associated redundancies and inconsistencies. Choose workflow automation for accurate and sound financial planning.