Financial Close & Consolidation

Elements of Financial Close & Consolidation

With fierce competition in today’s dynamic marketplace, there is no leeway for mistakes, inefficiency or lack of compliance in your organization. With these factors in mind, accuracy and reliability are the most important hallmarks of a consolidation solution.

Creating repeatable processes is fundamental to improving reliability and driving accuracy. At PARC, we purpose-build our close and consolidation solutions to meet your company’s specific needs. These successful implementations improve budget cycle times, increase regulatory compliance, reduce business risk and external audit costs.

Consolidation

Optimize required time for accounting’s financial close calendar by automating process and related activities

Account Reconciliation

Efficiently manage and improve global account reconciliation by exploiting automation and comprehensively addressing security and risk typically associated with the process

Tax Provisioning

Enhance efficiency by combining information from corporate ERP and financial consolidation systems to address US GAAP, IFRS, and statutory tax reporting requirements

Reporting

Increase transparency in your financial close process by simplifying your management and regulatory reporting process

Insights

Project Management – The PARC Difference

July 10, 2019 Posted by: Thomas Rausch Category: Project Management No Comments The PARC Difference - Real Time Project Monitoring Consulting engagements that fail or experience delays and budgetary issues typically follow the same fact pattern. Soon after the project starts, challenges and issues begin to creep in. Issues can arise for several reasons -

ODI 10g to 12 Upgrade – Potential Object Issues

June 26, 2019 Posted by: Alicia De Los Santos Category: Oracle No Comments ODI 10g to 12 Upgrade – Potential Object Issues Background Our client had upgraded from ODI 10g to ODI 11.1.1.6.0 and then ODI 12c. Our goal was to ensure all objects migrated correctly and were operating as expected. Purpose The purpose of

Governing Master Data – A Data Steward’s Experience

June 18, 2019 Posted by: Alicia De Los Santos Category: Data Governance No Comments Governing Master Data As organizations grow, the need to govern master data grows. The growth of an organization often creates the need for additional downstream applications that need to consume master data. Manually maintaining master data in an ERP, as well

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