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Consolidation And Reporting



At this stage, packaged applications that can handle multinational financial consolidation and reporting are required. Increased Scrutiny For Public Companies Whether a company is expanding internationally or not, the prospect of moving from being privately held to being a public company brings a substantially new set of challenges.
Related to Consolidation and Reporting: Accounting and Financial Management, Best Practices, Business Intelligence (BI), Business Performance Management (BPM), Business Process Management, Communications, Infrastructure, and Transportation Planning, Customer Relationship Management (CRM), Customer Service and Support, Data Management and Analysis, Database Management System (DBMS), Enterprise Performance Management (EPM)/Balanced Scorecard, Enterprise Resource Planning (ERP), IT Solutions Architecture, Management Practices, Marketing Automation, Office Application and Automation, Project Portfolio Management (PPM), Software Selection, Statistical Data Analysis, Supply Chain Management (SCM), Systems Integration, Technology Tools and Methods, Oracle | Hyperion, Administrative and Support and Waste Management and Remediation Services, Finance and Insurance, Health Care and Social Assistance, Manufacturing, Professional, Scientific, and Technical Services, Public Administration, Retail Trade
Business Challenges Accelerate cycle time for planning and budgeting and increase business user productivity Improve the accuracy of planning and forecasting Model potential business strategies and decide on a course of action that maximizes value creation Streamline the statutory consolidation process Keep compliance and auditing costs down Key Features Business planning and budgeting - Gain support for top-down and bottom-up planning
Related to Consolidation and Reporting: Budgeting, Financial Planning, and Analysis, End-User Query and Reporting, Forecasting, SAP
Enterprise resource planning (ERP) technology will be a key enabler in the transition to IFRS, and for the financial consolidation and reporting process in particular. Companies should focus on the technology areas supporting IFRS transition: financial consolidation and reporting systems, the general ledger (GL) , subledgers, and financial data entry systems.
Related to Consolidation and Reporting: Accounting and Financial Management, Accounts Payable (A/P), Accounts Receivable (A/R), Business Process Management, Enterprise Management, Enterprise Resource Planning (ERP), Executive Views, General Ledger, Government and Legal, Management Practices, Multinational Accounting, Standards and Compliance, Tax Compliance, Technology Evaluation Centers, Manufacturing
Are they correct to do this? To answer this question, it instructive to compare and contrast the processes required to perform an intercompany reconciliation in typical financial consolidation and reporting solutions with a purpose-built intercompany reconciliation solution. Financial consolidation and reporting solutions cover the breadth of functionality necessary for statutory consolidation and management reporting, providing a basis for financial control and compliance.
Related to Consolidation and Reporting: Accounting and Financial Management, Business Intelligence (BI), Business Performance Management (BPM), Compliance Management, Compliance Management/Sarbanes-Oxley Compliance, Enterprise Performance Management (EPM)/Balanced Scorecard, Payment, Clearing and Settlement Systems, Regulatory and Compliance, SAP
With careful planning and thoughtful execution, you can use IFRS adoption as a chance to review and improve your financial consolidation and reporting systems and enable rapid legal compliance.
Related to Consolidation and Reporting: Accounting and Financial Management, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Enterprise Accounting, Regulatory and Compliance, Tax Preparation and Reporting, SAP
These types of applications, along with financial consolidation and reporting, play the largest role in globalization. Our findings confirm these priorities (Table 4); 42% of respondents have financial consolidation and reporting implemented and another 43% are planning to implement such functionality in one to two years.
Related to Consolidation and Reporting: Collaborative Planning and Scheduling (CPS), Enterprise Resource Planning (ERP), Global Logistics Solution (GLS), International Trade Logistics (ITL), Order Management, Production and Supply Planning, Profit Optimization, Supply Chain Management (SCM), SAP
This certainly makes consolidation and reporting easier and simplifies interoperability between sites or divisions.
Related to Consolidation and Reporting: Currency Conversion, Enterprise Resource Planning (ERP), International Trade Logistics (ITL), Localization, Standards, Translation and Localization, SAP
Core BPM processes include financial and operational planning, consolidation and reporting, business modeling, analysis, and monitoring of key performance indicators linked to strategy.
Related to Consolidation and Reporting: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Re-engineering, Enterprise Accounting, Enterprise Management, Executive Views, Management Practices, Practices and Business Issues, Risk Management, Standards and Compliance, Strategy, Corefino
To be in the best position for the transition to IFRS, now might be the time to finally implement a true enterprise business performance management (BPM) system, putting the company on a unified platform for consolidation and reporting.
Related to Consolidation and Reporting: Accounting and Financial Management, Asset Management, Budgeting, Financial Planning, and Analysis, Business Performance Management (BPM), Compliance Management/Sarbanes-Oxley Compliance, Data Cleansing, Conversion, or Modeling, Data Management and Analysis, Enterprise Accounting, Gain/Loss Reporting, Regulatory and Compliance, Small Business Accounting, Tax Preparation and Reporting, Infor
Web-based business intelligence (BI) is no longer an anomaly: organizations are ready for BI solutions that go beyond Web portals. However, when selecting Web-based BI applications, organizations must evaluate architecture, rather than features or functions. What differentiators do you need to look for before embarking on a full-scale BI implementation? And which vendors offer the solution your organization truly needs?
Related to Consolidation and Reporting: Business Intelligence (BI), End-User Query and Reporting, On-line Analytical Processing (OLAP) and Multi-dimensional Analysis, Statistical Data Analysis, Technology Evaluation Centers, Industry Independent
One of the riskiest moves company stakeholders can make is to acquire and merge with another company or to divest themselves of company assets. Despite the best of intentions, many mergers, acquisitions, and divestitures produce results far below expectations. Learn why failure happens, and how to prevent it by following the overriding best practice in successful acquisitions, mergers, and divestitures: preparedness.
Related to Consolidation and Reporting: Business Process Management, Business Process Re-engineering, Change Management, Practices and Business Issues, Product Lifecycle Management (PLM), SAP
Core BPM processes include financial and operational planning, consolidation and reporting, modeling, analysis, and monitoring of key performance indicators (KPIs) linked to organizational strategy.
Related to Consolidation and Reporting: Business Intelligence (BI), Business Performance Management (BPM), Data Management and Analysis, Data Quality, Data Warehouse, Enterprise Performance Management (EPM)/Balanced Scorecard, Spreadsheet, Infor
The ability to extract and present information meaningfully is vital for business management. Indeed, business intelligence tools enable companies to make better decisions, by providing the right information to the right people at the right time. Moreover, employees increasingly suffer from information overload, and require solutions that make informed decisions a more natural part of the everyday work experience.
Related to Consolidation and Reporting: Business Intelligence (BI), Data Management and Analysis, Microsoft, Information
The performance of consolidation and reporting applications is critical as organizations look to enhance the close process and save time in every area.
Related to Consolidation and Reporting: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Management, Data Management and Analysis, Gain/Loss Reporting, Tax Preparation and Reporting, SAP
 
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