The ultimate consolidation software checklist
Legacy consolidation software is costing finance more than time. The toll of antiquated software manifests in financial statement errors, consumed human resources, one-dimensional insights, and sluggish responsiveness.
How do you know if your consolidation software is outdated?
- You haven’t replaced consolidation software in the last 10 years.
- Your system requires high levels of customization to accommodate allocations, FX/currency conversions, intercompany eliminations, or M&A.
- You’re relying on manual processes for account reconciliation, transaction-matching, local close, ESG and iXBRL
- Your close and consolidation processes are divided by point solutions. (E.g., one solution for account reconciliation, one for local close, etc.)
This checklist is a comprehensive overview of the capabilities you should look for in financial close and consolidation software.
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