Automating Financial Consolidations While Retaining Excel Investments

Sponsored by Vena Solutions

Learn how to cut through the forest of consolidation spreadsheets with ‘Enterprise Excel’.

  • Author: BPM Partners
  • Date: June 2016
  • Pages: 12
  • Now available for Instant Download.

Executive Summary:

Many companies have yet to consider – and indeed, may not even be aware of – financial consolidation solutions to replace the highly tailored stand-alone spreadsheets that currently drive their month-end close process. With Excel entrenched as the lingua franca of finance and accounting worldwide, Finance departments at such companies tend to tolerate a mostly manual approach to consolidations. They struggle through the quarterly and year-end close and reporting cycles, often with a forest of linked spreadsheets. It doesn’t have to be this way.