Achieving the Elusive Zero-Day Close
Closing the books, whether it is monthly, quarterly, or yearly, often takes much more time than companies would like. This is due to the extensive manual effort that is required to collect, aggregate, and validate data in financial systems before reports can be finalized. Lack of security, controls, and poor collaboration abilities through Excel (the most commonly used tool for closing) all contribute to delays in the process.
6 Ways Consolidation Functionality Can Transform Planning
For many organizations, the budgeting and planning process is the initial driver for adopting packaged enterprise performance management (EPM) applications.
Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap
Ho-hum, another quarter-end close has passed. This process might seem routine, but how well is your monthly/quarterly close and reporting cycle working?
What Is Financial Consolidation?
In the accounting world, financial consolidation is the process of combining financial data from several subsidiaries or business entities within an organization, and rolling it up to a parent company for reporting purposes.
4 Risks in Relying on Excel for Financial Close and Reporting
Excel has been around since 1985. It was one of the first spreadsheets to use a graphical interface with pulldown menus and to have a point-and-click capability with a mouse.
2016 Year-End Financial Close Breakthroughs: Lessons Learned
It's over - you no longer have to worry about the dreaded year-end close. 2016 is truly behind us. However, the stress of the financial close period only repeats itself next year, or next quarter if you're not using the right tools and techniques.
Want a Smoother Year-End Close? Get it Right Each Month and Quarter
The term 'snowball effect' is often used to describe processes that start from an initial state of small significance and then build upon themselves, becoming larger and larger.
Year-End Close and Reporting: What’s Behind the Numbers?
For finance and accounting professionals, there are three words in the English language that induce headaches and in some cases, outright panic: "year-end close."
Taking On the Complexity of the Financial Close
Well, hopefully the year-end close process is complete for most companies who have a December 31st
Guide to Avoiding a Year-End Financial Close Meltdown
As the year draws to an end, accounting and finance executives are preparing for the financial year-end closing. For many, this is a stressful time. But having a fast and accurate year-end close can bring many benefits to organizations.