Why You’re Falling Behind If You’re Still Using Excel for Corporate Group Consolidation

Posted by Konsolidator on November 26, 2019 at 2:47 PM

Financial consolidation and reporting have long been done using Excel as finance and accounting professionals have a long track record for making Excel their preferred tool.

Three main reasons always prevail - familiarity, cost, and ease of getting started. While 10 years ago these arguments may have been valid, fast forward to 2019 and it's an entirely different story. Let's break down the reasons why using Excel for your corporate group consolidation is outdated and no longer a viable option.

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Inevitable Retraining of Finance Professionals is on the Horizon

Posted by Konsolidator on October 29, 2019 at 9:47 AM

Authors:
Claus Finderup Grove, CEO at Konsolidator and former CFO at A.P Møller-Maersk and Clipper Group. 
Anders Liu-Lindberg, Co-founder of the Business Partnering Institute.


Finance professionals need to get out of their comfort zone to take center stage in front of the CEO, and perform as advisers rather than number crunchers

Over the past 30 years, the role of the CFO has gradually become key on executive boards. Now, automation and digitization are equipping you (and your fellow CFOs) with new tools. When the processing of numbers and delivery of reports become fully automated, you no longer need to spend up to 90% of your time on ensuring that the numbers are correct.

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Expert Insights: The Future of Finance

Tag along as we share our experience and knowledge of developments in finance to advise you on how to unlock your true potential, avoid lagging behind, and overcoming the challenges that come with digital transformation.

Topics:

  • Financial consolidation
  • Financial reporting
  • Finance Business Partnering
  • AI in the finance function
  • Power BI

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