Fluence Sets New Bar for Mid-market Financial Consolidation Software With Latest Product Release
Summary
TORONTO--(BUSINESS WIRE)--Fluence Technologies, the only provider of financial close and consolidation software for mid-sized companies, today announced its first major product release of the year. The first of its kind for the mid market, the release offers new and existing customers out-of-the-box delivery, enhanced scalability and no-coding administration for quick deployment, adoption and time to value. “Beyond the value of their out-of-the-box and no-coding approach, we’ve heard firsthand how Fluence helps customers cut their consolidation, reporting and auditing times by over 90 percent.” "Were in a period of rapid growth through acquisition, a process that used to be painful for our finance and accounting teams,” said Marie-Ève Meunier, corporate controller at Recochem, a Fluence customer. With Fluence, we close early.” Fluence’s latest release includes new and enhanced features specifically tailored for companies in the $100 million to $3 billion revenue range - long underserved by traditional consolidation software - including: • Out-of-the-box delivery: to get up and running in weeks with pre-built models and templates for intercompany eliminations, cash flow management, account reconciliation and more • Cloud consolidation engine: to scale with customers as they grow in size and complexity, including new subsidiaries, investments, global currencies and regulatory requirements • No coding required: making it easy for accounting teams to own, featuring drag-and-drop workflow with predefined task types, a true Excel interface and a record-to-report audit trail “This release represents the next evolution of financial consolidation software,” said John Power, CEO at Fluence Technologies. Combining centuries of experience with a cloud calculation platform decades in the making, we give customers the time, confidence and performance they need.