We used a variety of Excel spreadsheets and Word documents to create our CAFR. Each year our auditors would express concern over the linkage of these various files.
CAFRONLINE helped us create a comprehensive solution for preparing our CAFR, recording government wide journal entries, and linking supporting files in a single application.
Our auditors also have full access to the program, allowing them to freely view the linkages between our accounting data and the final CAFR. It has cut our CAFR preparation time in half, allowing us to reallocate those resources to other projects.