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

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

PARC’s Digital Transformation

June 14, 2019 Posted by: Eric Wagner Category: IT Consulting No Comments PARC’s Digital Transformation PARC is just like any other organization; we are navigating the fast-paced and rapid evolution of technology change while delivering value to customers. The integration of digital technology across all aspects of the business landscape has caused fundamental changes to

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