How to Leverage Consolidation Functionality in Budgeting and Planning

/in /by BPM Partners

Sponsored by Planful (Host Analytics)

  • While many companies use workarounds, learn how to benefit from robust consolidation capabilities during the budgeting and planning processes
  • Author: BPM Partners
  • Date: July 2017
  • Pages: 10
  • This whitepaper is available for Instant Download

Executive Summary:

Financial consolidation functionality can play a key role in making corporate budgets more accurate, faster, and easier to create. If consolidation capabilities such as intercompany eliminations and alternate rollups are not available in their budgeting and planning solution, companies usually resort to work-around methods or make do with rudimentary capabilities that can be tedious and promote errors. In such instances, it can be difficult to create an accurate corporate budget that supports the organization’s structure and its reporting requirements in different jurisdictions.