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.
Optimize required time for accounting’s financial close calendar by automating process and related activities
Efficiently manage and improve global account reconciliation by exploiting automation and comprehensively addressing security and risk typically associated with the process
Enhance efficiency by combining information from corporate ERP and financial consolidation systems to address US GAAP, IFRS, and statutory tax reporting requirements
Increase transparency in your financial close process by simplifying your management and regulatory reporting process