CategoryConsolidation
Consolidation
Consolidation
Achieving the Elusive Zero-Day Close
Closing the books, whether it is monthly, quarterly, or yearly, often takes much more time than companies would like. This is due to the extensive manual effort that is required to collect, aggregate, and validate data in financial systems before reports can be finalized. Lack of security, controls, and poor collaboration abilities through Excel (the most commonly used tool for closing) all contribute to delays in the process.
Consolidation
6 Ways Consolidation Functionality Can Transform Planning
For many organizations, the budgeting and planning process is the initial driver for adopting packaged enterprise performance management (EPM) applications.
Consolidation
Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap
Ho-hum, another quarter-end close has passed. This process might seem routine, but how well is your monthly/quarterly close and reporting cycle working?
Consolidation
What is the Financial Consolidation Process in the Accounting World?
In the accounting world, financial consolidation is the process of combining financial data from several subsidiaries or business entities within an organization, and rolling it up to a parent company for reporting purposes.
Consolidation
4 Risks in Relying on Excel for Financial Close and Reporting
Excel has been around since 1985. It was one of the first spreadsheets to use a graphical interface with pulldown menus and to have a point-and-click capability with a mouse.
Consolidation
2016 Year-End Financial Close Breakthroughs: Lessons Learned
It's over - you no longer have to worry about the dreaded year-end close. 2016 is truly behind us. However, the stress of the financial close period only repeats itself next year, or next quarter if you're not using the right tools and techniques.
Consolidation
Want a Smoother Year-End Close? Get it Right Each Month and Quarter
The term 'snowball effect' is often used to describe processes that start from an initial state of small significance and then build upon themselves, becoming larger and larger.
Consolidation
Year-End Close and Reporting: What’s Behind the Numbers?
For finance and accounting professionals, there are three words in the English language that induce headaches and in some cases, outright panic: "year-end close."
Consolidation
Taking On the Complexity of the Financial Close
Well, hopefully the year-end close process is complete for most companies who have a December 31st
Consolidation
Guide to Avoiding a Year-End Financial Close Meltdown
As the year draws to an end, accounting and finance executives are preparing for the financial year-end closing. For many, this is a stressful time. But having a fast and accurate year-end close can bring many benefits to organizations.
Consolidation
Accelerating the Financial Close Can Fix Other Problems
What does the efficiency of your company’s financial close process say about the health of your company? Some experts claim that having a long financial close process can be a symptom of other underlying problems.
Consolidation
How Businesses Can Shorten the Financial Close and Maintain Accuracy
Many businesses feel the burden of elongated period-end closing and reporting cycles.
Consolidation
Improve Your Financial Reporting and Closing Processes in 2016
As your business brings its 2015 financial reporting to a close, you've likely identified a number of inefficiencies that could be improved in the coming year.
Consolidation
Relieving the Pain of Year-End Close and Reporting
How’s the 2015 year-end closing going? Many of you may still be in the throes of year-end close and reporting.
Consolidation
5 Reasons to Move off of Excel for Financial Close and Consolidation
For the small business, Excel is a fantastic tool. It allows for a reasonable amount of reporting, budgeting, analysis, forecasting, etc., is inexpensive, and is widely understood within the finance industry.
Consolidation
Ready to Move Your Financial Consolidations to the Cloud? | Planful
Is consolidating and reporting your financial results a challenge? Do you spend countless hours correcting your P&L, balance sheet, and cash flow statements?
Consolidation
The Shift to Predictive Accounting
There is a widening gap between what the CFO and accountants report and what internal managers and employee teams want and need. This does not mean that information produced by the accountants is of little value.
Consolidation
EPM or ERP – Which to Implement First?
Finance organizations in growing enterprises often reach a point where they need to upgrade or replace both their ERP and EPM software systems. Here, they face the dilemma of deciding which to upgrade or replace first – ERP or EPM? This dilemma occurs in one of two scenarios: