21 February 2024
Key takeways
In this episode, we discuss the increasing need for technology solutions in fiscal consolidation due to globalisation and the challenges of managing multiple currencies and subsidiaries in different countries.
We explore how technology solutions can provide transparency, control, and data quality, making consolidation more efficient and reducing errors.
Additionally, we delve into the broader scope of action beyond consolidation technology solutions, such as process optimisation and data externalisation for easy management.
We also emphasise the importance of reporting flexibility and client teamwork to implement a reporting system that can lead to process improvement and rethinking.
Finally, we balance the caution of time with the need for connectivity to other reporting systems and tools, such as Excel, and discuss creating self-sufficient data sources and ensuring data quality to make reports readily available and valuable.