New value for the CFO: The evolution from consolidation to group accounting
Can consolidation and group accounting systems continue to exist in isolation, when the process has grown to support everything from IFRS to ESG? This is the fundamental question BARC’s latest study “New value for the CFO: The evolution from consolidation to group accounting” seeks to answer. As the finance function seeks to balance its need to act quickly while complying with new requirements that go far beyond the abilities of spreadsheet and point systems, integrated group accounting software has emerged as the solution.
But where are your peers on this journey from consolidation to integrated group accounting solutions?
Read on to learn why BARC expects integrated group accounting solutions to take over the consolidation market — and they’re recommended for any business looking to transformation the office of Finance.
What you’ll learn:
- How consolidation has grown to include account reconciliation, transaction matching, reporting, GRC, IFRS/GAAP compliance, disclosure, planning, tax, ESG, and iXBRL
- The prevalence of Excel, SAP, and specialized consolidation software among your peers
- Why transitioning to an integrated group accounting solution is critical now, even if you’re current experience isn’t necessarily “poor”