Simplify the Consolidation and Close Process
We address every aspect of the financial close cycle: financial consolidation, close process management, account reconciliation, Transaction Matching, tax provision & reporting
Reduction in use of Spreadsheets
Reduction in the number of days to close the cycle
Reduction in Time to produce & Deliver Reports
A Customer Story
A leading Life Sciences organisation operating in 90 countries with revenues exceeding $7bn
The Problem
At month end finance were unable to get an early view of the consolidated group numbers. The existing consolidation processes was taking up to 12 hours to complete and there was no visibility on the numbers.
The Solution
Implemented a Financial Close & Consolidation tool.
Automate the Consolidation Process.
Provide Better Visibility into where they were in the Close Cycle.
Automate Reporting & Reporting Packs.
The Benefits
Reduced Consolidation times for 12 hours to 5 minutes.
Streamlined Consolidation Process.
Enhanced Reporting Capabilities.
Faster Insights leading to a quicker Decision Making Process.