The Challenges of Financial Consolidation

Consolidation Whitepaper 2018-04-09T08:22:57+00:00

The Challenges of Financial Consolidation

A Whitepaper by CFMS

When dealing with financial consolidation and statutory reporting the majority of organizations are seemingly restricted by outdated ways of working. To view statutory consolidation in a ‘vacuum’ – whose purpose is limited to providing historic reporting for the benefit of governments, regulators and investors – is extremely limiting. ‘Actuals’ reporting is the lynchpin of performance management and the gateway to superior business performance.

Finance professionals need to perform both legal and management consolidation within a single, integrated Business Intelligence and Corporate Performance Management environment which is able to provide a deep insight into financial and operational results.

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