E-BOOK

Financial consolidation is an essential process for an organization, especially if it has multiple entities. As a finance manager or executive, it empowers you with a complete understanding of your organization's financial well-being, enabling you to make informed decisions about where to allocate resources and how to plan strategically.

Download our free e-book to discover how to streamline your consolidation process, avoid common pitfalls, and explore modern tools like IBM Cognos Controller that make it all easier.

✔️ Key Steps in the Financial Consolidation Process - R2R process:

1. Processing 2. Closing 3. Consolidation 4. Reporting

✔️ What are the risks of manual consolidation and how to overcome them?

✔️ Best practices for smarter consolidation:

- Establish a consolidation process governance

- Choose the right consolidation software

- Modernize and automate the process

✔️ Why automation matters — and how to get started? Find out the comparision table - Manual vs Automated Consolidation

✔️ How IBM Cognos Controller supports modern finance teams?

Learn how IBM Cognos Controller helps accounting teams consolidate data quickly and accurately — without depending on IT. It’s flexible, cloud-ready, and built to support global compliance. Read more about IBM Cognos Controller and how it brings order to the chaos in the blog Mastering complex financial consolidation with IBM Cognos Controller.

✅ Reduce time-to-close
✅ Minimize manual errors
✅ Simplify audits
✅ Improve team productivity
✅ Future-proof your consolidation process

Financial consolidation is more than just merging numbers; it’s about gaining clarity, accuracy, and strategic insights. The benefits of having a good process for it are clear: you get accurate reporting, spot risks and opportunities more easily, gain valuable financial insights and maintain regulatory compliance. But without the right approach, challenges can arise.

If you are looking to refine your financial consolidation process, remember the importance of establishing a solid policy, choosing the right software, and embracing modern automation.

Get your free copy of the e-book: "Mastering Financial Consolidation: Best Practices, Challenges & The Power of IBM Cognos Controller"