Performance Management Webcast:

Strategic Financial Consolidation Process:
Reduce the Cycle Time

November 12th, 1:00pm ET

John Colbert, VP, BPM Partners Inc.
Beth Beall, Assistant Manager, Corporate Accounting, Toyota Tsusho of America
Nicole Diceman, Marketing Manager, PROPHIX Software

Are you still spending countless hours consolidating your data? Want this time back?

Financial consolidation is one of the most critical processes of an organization. Effectively managing consolidation cycle times and shortening statutory reporting processes without sacrificing vital controls or compliance with laws and regulatory bodies has become of key importance to most organizations. The ability to consolidate increasingly complex corporate hierarchies, while managing key stakeholder relationships is fundamental to businesses.

When an organization attempts to consolidate many divisions or separate companies, it can create a host of issues. The accuracy and quality of the final numbers are vital to an organization. Typically, many organizations use a series of spreadsheets or other tools that provide limited support for consolidation.

Come find out how your peers are minimizing the time spend on financial consolidation and what changes they have made that support them in this endeavor. From process re-engineering to the simple addition of automated report distribution, corporate information can be more meaningful and timely. Reducing time spent processing and increase the time spent analyzing!