Corporate Performance Mgmt.
Finance departments are currently facing huge challenges —they need to prepare more financial statements in shorter periods of time, while maintaining the same data quality and data transparency for auditing.
In addition, there is great demand for new ways to evaluate data, for example, in order to simulate a rising dollar exchange rate or produce a scenario with rapidly growing Asian markets. Since this information forms the basis for business-critical decisions, inaccurate data or excessive response times are unacceptable.
To prevent this and support you in addressing these challenges, we have combined the skills and experience of arvato systems’ employees in our CFO service and have configured this new service around the SAP range of products.
The SAP consolidation solution, BusinessObjects Financial Consolidation, plays a central role:
- Harmonization: Financial consolidation and internal reporting in one system
- Reports to fulfill legal requirements and internal reports requested by management exist side by side in one system
- Data model that allows a single, consolidated, and validated version of the data
- Fast Close: Performance that converts hours to minutes
- Lets you close accounts quicker—accurately and reliably
- Speeds up consolidation processes: faster account closing cycles and shorter reporting cycles
- Greater data consistency and fulfillment of international and local accounting criteria
- Efficiency, flexibility, and agility: Finance department processes become simpler, faster, and more transparent
- Accurate external reporting and optimal management reporting
- Creation and adaptation of individual reports without programming knowledge
- Unlimited simulations and scenarios
With its certified and experienced project consultants, arvato systems offers a comprehensive range of services for the design, introduction, and operation of all systems involved in the area of CFO services and SAP BusinessObjects Financial Consolidation.
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Corporate, Performance, Mgmt, Finance, departments, currently, facing, huge, challenges, need, prepare, financial, statements, shorter, periods, time, while, maintaining, same, data