Consolidate Hundreds of Entities in Minutes With Sage Intacct
Summary
One of their greatest responsibilities is the financial consolidation process, which involves tedious information gathering, validation, and reporting. Today’s consolidations are more complex for many reasons, including geographic growth, varying accounting rules between jurisdictions, and international business activities requiring multiple currencies. Reporting deadlines are being tightened to meet stakeholders’ demands for transparency and a single view of financial performance. Because such software can’t handle complicated consolidations, you rely on spreadsheets – but the manual data entry, copying, and pasting waste time and lead to expensive mistakes. Automation has many benefits, including: • Faster initiation and integration of new entities in any global jurisdiction • The ability to drill down from the consolidated perspective to the operating entity for unparalleled insight • Greater coordination between business units and corporate accounting throughout the close process • More time to spend on higher-value work To learn more about Sage Intacct and how it can help you close the books 25-70% faster, download the whitepaper below.
