Close & Consolidate
Improve the efficiency, auditability, and control of your Close and Consolidation process.
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The Cornerstone of Group Finance
We help you achieve a fast, efficient financial close and consolidation process, delivering accurate and compliant reporting every time.
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 make it difficult to adapt quickly to change while maintaining control and a consistent version of the truth.
A faster close gives finance teams more time for analysis and enables earlier, better-informed decision-making.
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Real World Results
"Jemca’s auditors noted a higher amount of manual journal entries being processed in the company’s accounting software without proper authorisation and validation. The process we had in place just wasn’t feasible anymore... We provided an outline of what we wanted the end product to look like, and HAYNE was able to build a bespoke solution to achieve this."
Key Features of implementing a Consolidation Solution:
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, without differing versions of the truth.
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.
Book a call with us and discover how a consolidation solution can transform your close process.