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Financial consolidation

Financial consolidation and reporting

The CFO is facing more challenges and issues than ever before. It is expected that regulations, governance and timelines will be stricter. At the same time the CEO requires more support from the CFO-office to better align finance with operations. So, how to cope with this?

Financial consolidation and reporting is a process that needs to be reliable, fast, auditable and easy to maintain. Reconciliation with e.g. the general ledger, multiple GAAP's and intercompany transactions in different currencies should be supported with a unified system that is easy to use and easy to maintain.

Key benefits are:

• reliable automated processes with audit trail to improve transparency
• process control for financial governance
• close faster and more efficient
• uniform metrics to improve performance measurement
• communication based on one version of the truth
• unified platform with other performance management processes like budgeting, forecasting, cash flow planning, profitability modelling and scorecards

Supported technologies:
IBM Cognos Controller, Oracle | Hyperion Financial Management,
Oracle | Hyperion Enterprise, SAP | OutlookSoft, Tagetik