10 Key Reasons for Mid-Sized Companies to Modernize Consolidation
Download the White Paper and discover the main reasons to modernize consolidation. The business case also includes enhanced management reporting, faster closes and decision-making, increased company agility, and more.
Full-featured consolidation systems were often seen in the past as reserved for large enterprises. The reasons? Their cost and complexity.
However, they have become more accessible to the mid-market as newer and adapted solutions have become available.
In the decade from 2010 to 2020, there was a sharp emphasis in the corporate performance field on FP&A (financial planning and analysis), and consolidation received less attention in the software industry. Now its importance is being recognized again because providing timely and accurate actual numbers is essential. So, mid-sized companies have started to modernize consolidation with systems that also support extensive management reporting as well as budgeting and forecasting.
Download this new White Paper and discover the BPM Pulse survey (run by BPM Partners) with the 10 key reasons to modernize consolidation. You will also find some interesting results. For example:
- Consolidation remains ripe for improvement and time savings.
- 46% of the Finance groups who answered the survey take two weeks or longer to complete their monthly close. Only 16% finish in three days or less.
Reasons and Benefits to Modernize Consolidation and Management Reporting
Faster, more accurate and flexible reporting
Accelerated and secured consolidation process
Automated reconciliation of data
Robust journal entry capabilities and audit trails
Download the White Paper to know more.
