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How do you know if your consolidation software is outdated?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. Use it to identify software that enables compliant ESG reporting and improves sustainability performance.

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