For many, financial consolidation is a process that simply exists. We don’t refine it. We don’t tinker with it. We don’t look at ways of innovating it. We believe we have what we need, even if the process isn’t ideal. (The phrase, “If it works, don’t fix it” comes to mind.)

But what if we told you that outdated consolidation processes are costing you more than time? In this whitepaper, we’ll lay out unexpected ways traditional consolidation methods are draining your resources — financial, operational, and human — and tease out why an end-to-end, automated consolidation strategy is the key to unlocking consolidation’s — and Finance’s — insight generating potential.

In this whitepaper, you’ll learn:

  • The key indicators of a costly consolidation process
  • Why we ignore mission-critical consolidation updates
  • Four cost drains of legacy consolidation systems
  • Financial statement errors
  • Human resources consumed by menial tasks
  • Data-less decision making
  • Bound to the office in a virtual world
  • How to evolve the financial close and consolidation with automation
 
Download the Report
Evolve the financial close and consolidation with automation
Legacy consolidation systems are costing you more than the comfort of using them is worth. It’s time for the office of finance to evolve from the bottom-up, starting with the close.

Only then can we meet our potential as a strategy-driving, data-centered, forward-thinking department that decision-makers rely on. While we all have an eye on alluring technologies — like predictive analytics and forecasting — we must remember that, to use these technologies, you must have a firm foundation of consolidated data and the human resources available to analyze results.

And that’s precisely what automated close and consolidation promises. An accelerated process that streamlines corporate data and allow Finance to do what we do best: understand the numbers.

Discover the 4 hidden costs of legacy financial consolidation by downloading the whitepaper.
3 reasons Financial Close and Consolidation lets you focus on your business
Built-in advanced consolidation functionality
Get a double entry system that enables you to leverage the most advanced consolidation functionality and to apply your own modifications with no scripting or coding required.
A comprehensive solution
Control the close process from end-to-end, including data loading, account reconciliation, local close, group consolidation, reporting, adjustments, disclosure, tax and regulatory reporting and iXBRL.
Always in control
Get the workflow and process control you need to establish trusted, collaborative, accurate and transparent financial close, consolidation and reporting processes.
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