This white paper examines how growing organizational complexity, tighter reporting timelines, and global expansion have made traditional financial consolidation processes slow, manual, and risk prone. It explains how spreadsheet-driven and fragmented systems delay insight, increase errors, and prevent finance teams from acting strategically. The paper describes next-generation consolidation enabled by cloud financial management systems that unify entities, automate intercompany eliminations, handle multi-currency reporting, and provide real-time visibility across the organization. It highlights benefits including faster closes, improved control and collaboration, better auditability, and deeper insight for decision-makers. The paper concludes that automating consolidations transforms finan

Join for free to read