Corporate accounting has long been viewed as custodian and curator of financial data. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many corporate accounting groups is sometimes measured in months, often measured in weeks, but rarely measured in days.
Consolidations have been a routine part of many corporate accounting departments for as long as most can remember. What has changed over time is the complexity and compressed timelines of consolidations.
download this whitepaper to discover the benefits of automating the consolidation process, including:
- Accelerating the initiation and integration of new entities in any global jurisdiction
- Improving control and opportunities to leverage a cloud financial management system
- Drilling down insight from the consolidated perspective to the operating entity