Consolidation & Closing
“If It Ain’t Broke, Don’t Fix It”: One of the Many Excuses for Sticking with an Outdated Consolidation System
We surveyed over 100 financial executives across different regions and industries on the state of their financial consolidation process. Discover the results on CCH Tagetik’s blog!
Performance Management Consolidation & Closing
The simplest ideas are always the best!
Discover how Medline Industries has improved its Consolidation process with CCH Tagetik
Performance Management Consolidation & Closing
CCH Tagetik Consolidation: Simple, Fast, Transparent
The benefits of using CCH Tagetik for Consolidation
When Should You Move Beyond Excel for Consolidation?
Key Indicators to signal when it’s time to move to an Advanced Consolidation Solution
Don’t take the Basic Advantages of Consolidation in the Cloud for Granted!
You know that finance professionals are, typically, time-poor. Paul Littlechild, Group Financial Controller at the Arena Group, share his experiences of how moving to the cloud has completely transformed management and statutory reporting and shaved four days off the consolidation process.
Performance Management Cloud Consolidation & Closing
Michelangelo and the Art of the Financial Reporting
Lessons from Michelangelo. A must-reed story about innovation, courage and reinvention. Learn how to work to the full potential using the tools needed to manage any hitch, from the smallest reporting detail to the structure of the documents, to the overall performance of their business.
Performance Management Consolidation & Closing Disclosure Management
A Successful Unification of Global and Local
Discover how the group has reduced the number of its applications from seven to one while saving 50% of data processing time.
Performance Management Business Intelligence & Analytics Budgeting & Planning Consolidation & Closing Reporting & Compliance
A Circle of Blame for Failure – Part II
Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter. Lessons Learned.
Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance
A Circle of Blame for Failure - Part I
Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter.
Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance
Eliminating IC Profits in Inventory: The Challenge of IFRS 10 - B86(c)
Eliminating profits on intragroup transactions that are recognized in inventory can be a real challenge to the office of finance. How a consolidation software solution can be utilized to address this challenge.
Performance Management Consolidation & Closing Disclosure Management Reporting & Compliance
Stitching Together a Better Consolidation and Reporting Solution
Read the Bristol Bay Native Corporation experience and just think on what you could do with all that free time not spent manually processing report data
Performance Management Consolidation & Closing
CPM Top Five Hits
Alessandro Mantini (Mediaset) takes an ironic view of the people involved in the consolidation process by comparing each of them to a famous song... Find out which track best represents you!
Performance Management Consolidation & Closing
Trash-In Trash-Out (Part III)
Information is power. Transferring data on automated archives means sharing information, thus empowering your organization. But that also means loss of power. Legends tell us that mankind invented desk drawers to hide pieces of information that would be inserted manually on report on request...
Performance Management Consolidation & Closing
Trash-In Trash-Out (Part II)
How to build an information flow that fits the reporting needs of a company as well as the requirements of the system, in order to obtain the right information on time with the minimum spent in terms of human and corporate resources. Read the second part of my experience.
Performance Management Consolidation & Closing
Trash-In Trash-Out (Part I)
The evaluation of the overall performance of any CPM system often relies on the quality of the set of information which feeds those systems. In this article I will try to give a consistent vision to apparently chaotic pieces of advice generated by my experience as consolidation specialist in the past 10 years. Ten years in ten key points.
Performance Management Consolidation & Closing
Blog part 3: I use my GL/ERP for Consolidation today – why change?
I must admit that this question is the most intriguing one for me. In order to answer this question honestly and with the utmost intregity (remember that I am in the Corporate Performance Management (CPM) software space) I would have to qualify my answer (like any true accountant would) and say “It depends”.
Performance Management Consolidation & Closing
Blog Part 2: Why pick/change Consolidation solution now?
Read this post to discover what are the areas of concern with existing stand-alone consolidation solutions.
Blog part 1: Excel is your consolidation environment today
Excel is and will always be an accountant's go to tool for any requirement as it is familiar, easy to use, and can be manipulated to accomplish any mathematical task or exercise that is required. In this post you will learn why it may not be the best tool for consolidation purposes...
Why Pick/Change Consolidation Solution Now? A 4 Part Series…
Read this 4-part blog to read Pat's perspective on why select a Consolidation solution now providing some color commentary and identifying some key items that you should be looking for during the selection process.
The Consolidator Handbook
A Recipe for a Successful Consolidation Project from One of Tagetik’s Premier Customer Chefs
Performance Management Consolidation & Closing
CFOs and CIOs Differ on Perception of Cloud and Finance
The differing perspectives of Finance and IT in the recent research by Saugatuck Technology
Cloud Consolidation & Closing Reporting & Compliance
Is it Time to Move your Financial Consolidations to the Cloud?
With adoption of cloud-based financials and corporate performance management (CPM) applications gaining speed, it appears that Finance executives have become more comfortable with the notion of trusting their sensitive financial data to cloud-based applications.
Tagetik Wins Ventana Technology Innovation Award for the Office of Finance
Tagetik recently received the Technology Innovative Award for the Office of Finance from Ventana Research for our Collaborative Disclosure Management solution (CDM). According to Ventana, the award is designed to: “recognize pioneers that have developed clear visionary and transformative technology that can be used to drive improved efficiency and productivity as well as the outcomes and performance of an organization.”
Consolidation & Closing Disclosure Management Reporting & Compliance
10 Warning Signs That it's Time to Replace your Consolidation System
On average companies take longer to complete their accounting close than they did five years ago! How can this be? Ventana does a good job of summarizing the need for more advanced consolidation applications in the paper.
How to speed up your closing cycle: Part 2- Incorporate both Financial Consolidation and Disclosure Management
Anything we do in Finance we should ask, “Why?”. There is always plenty of work for the finance team so if we can’t answer why take on something more then we shouldn’t do it. So, why is it important to have a faster close?
Consolidation & Closing Disclosure Management
4 Tips for Successfully Automating your Financial Consolidations Processes
Consolidation is one of the most important and often complex Corporate Performance Management (CPM) process. It is also provides significant opportunity to save time through automation. A key to maximizing time savings is proper planning in setting up the consolidation rules that drive the consolidation.
How to speed up your closing cycle: Part 1- the importance of the pre-close
Let’s be honest, a close cycle can never be fast enough. Finance departments have had this as a goal for as long as there have been ledgers. And progress has been made, mainly though technological advances and the use of financial consolidation and reporting software. But over the past few years the cycles have begun to slow down again.