Effective Close and Consolidation
The cornerstone of Group Finance. Improve the efficiency, auditability, and control of your Close and Consolidation process.
We help you achieve a fast, efficient financial close and consolidation process, delivering accurate and compliant reporting every time.
The financial close and consolidation process is essential for all group finance teams, forming the foundation for other core financial processes.
While ERP systems have limitations in speeding up the close, the consolidation process is often repetitive and ideal for automation with the right technology. Many businesses still rely on spreadsheets, which can struggle with the complexity, control, auditability, and regulatory compliance needed for effective consolidation.
The communication with HAYNE throughout the whole project was great with regular contact from both the Project Manager, and the Lead Consultant. There was never a time where it looked like the project timelines were not going to be achieved and the solution went live exactly as planned. This showed excellent time management on HAYNE’s behalf.
How can we help you?
We work with companies of all sizes and industries to develop and implement a compliant, robust, time efficient and effective Financial Close and Consolidation process.
We understand the intricacies of financial consolidation and the need for auditability from ERP through to final reported numbers. More importantly we know how to combine people, process and technology to deliver a best-in-class Financial Close and Consolidation system and process.
We are proud to implement and support market-leading consolidation products such as CCH Tagetik and IBM Cognos Controller.
We are your trusted partners
At HAYNE, we go beyond being just technology vendors; we’re your partners. We understand that implementing new systems requires a strong business case and internal commitment, which is why we work closely with you every step of the way.
Partnering with leading technology providers, we deliver tailored solutions that meet your specific needs. From strategy and development to implementation, training, and ongoing support, HAYNE is your full lifecycle support for Financial Performance Management.
HAYNE will help you:
Reduce risk
Gain more control and increase security over the model, data and the process itself.
Gain more valuable data
Allowing an enterprise-wide close and consolidate process that can be devolved to the subsidiaries.
Create more time
Automation of repetitive and low-value manual tasks such as data loading, eliminations and consolidation.
Adapt quickly
Easily adapt to deal with changes in company structures and chart of accounts.
Simplify Compliance
Detailed audit trail from ERP through adjustment journals, eliminations and foreign currency translation to reported numbers.
Gain Further Control
Create a defined and controlled process ensuring consistency across the entire financial close and consolidation activity.