Financial Consolidation solutions
How to speed up the monthly, quarterly and year-end process
The Challenge:Do you want to speed up the monthly close and have more time to analyse results and produce meaningful and accurate reports?
No easy task, we know. You have to collect data from across the organisation, most of which will come from the general ledger, where it needs to be checked and then sent on to head office to be consolidated with other returns. Often you'll need to convert currencies and adjust the data before the results can be used in formal reports.
The Solution:You can speed up the monthly, quarterly and year-end process by:
- Automating the collection of data from the local general ledger into a central database
- Providing a local checking and approval process before data is released
- Automating the chasing up of returns and providing administrators with an on-line status of submissions
- Providing automatic currency conversion and consolidation facilities
- Providing secure, controlled access to results for reporting and analysis when ready
The Results:If you use Financial Driver's central, Cloud-based consolidation capability, you no longer have to do the manual tasks of collecting data and can focus on producing high-quality reports and analyses.
Sounds too good to be true? Contact us to find out how Financial Driver can help you speed up your month-end, quarterly-end and year-end process.