Sponsored by Talentia
- Modern consolidation systems are not limited to legal consolidation, but can also support extensive management reporting as well as budgeting and forecasting.
- Author: BPM Partners
- Date: April 2022
- Pages: 9
- Request your copy today by completing the White Papers Request form.
Full-featured consolidation and management reporting systems were often seen in the past as reserved for large enterprises, due to their cost and complexity. Increasingly, however, they have become more accessible to mid-sized (midmarket) businesses as newer solutions have become available that address their cost, ease of deployment, and usability criteria. As we are reminded by corporate Finance groups each year with their responses to the annual BPM Pulse survey by BPM Partners, consolidation remains ripe for improvement and time savings. Nearly half (46%) of the Finance groups who answered the Pulse survey take two weeks or longer to complete their monthly close. Only 16% finish in three days or less.