Close & Consolidation Solution Implementation
Automate To Accelerate
All too often, Finance teams are plagued by inefficient, antiquated, and error-prone systems for managing the corporate close and consolidation process. This results in a flurry of frustrations – like having to make manual corrections, taking too long to close the books, and struggling to produce reports in a timely manner. For companies under high levels of scrutiny (whether private equity-backed or public), a complex close process makes it nearly impossible to satisfy stakeholders’ demands and maintain the pace required to run the business.
ENTER: Accordion’s Close & Consolidation Solution Implementation experts.
We empower Finance teams to drive faster and more accurate consolidation reporting by implementing technology systems designed for efficiency, tailored for flexibility, and optimized for data flow. Ultimately, this helps Finance teams analyze data quickly, with less errors, and with a reduced audit fee – allowing them to meet their reporting timelines while maximizing ROI.
The Accordion Approach
Accordion designs systems to drive comprehensive and transparent global close processes. Working with clients from strategy to implementation, our experts configure and customize the CPM/EPM system to meet the business requirements. Here’s how:
CPM/EPM Strategy & Project Guidance
We engage early to best align finance and business processes with technology requirements.
Software Selection & Assessment
We take a “tech-agnostic” approach to assisting clients with software selection and road mapping.
Our consultants bring more than tech expertise; we’re able to advise on best practices in finance, accounting, and operations.
Data & Systems Integration
By connecting the data behind the scenes, we make manual data collection/consolidation more automated and seamless.
Managed Services & Support
We have a dedicated onshore managed services team that helps augment client teams in both technical and functional areas.
If a new system is not required, our consultants are able to optimize existing technology to improve efficiency and scalability.
Featured Case Study
When two hospital networks merged to become the largest not-for-profit healthcare ministry in the US, they needed a a financial EPM platform to integrate both companies – and they turned to Accordion for help.Read Now
Following a sizeable merger of healthcare companies, we engaged Accordion to assist with the chart of accounts transformation and alignment of our Oracle EPM applications. Focused on growth and scalability, Accordion redesigned our close processes to streamline reporting, broaden end-user capabilities, and reduce strain on the system administrations team. This resulted in an increase in application performance, and Accordion remains our trusted partner.”
By successfully implementing CPM/EPM systems, Accordion's solutions enable clients to:
Automate the data consolidation, financial analysis, and month-end close:
- Close Process Improvement & Automation
- Cash Flow Statement Automation
- Data Flow Optimization
- Task Management
- Account Reconciliation & Compliance
Scale, standardize, and automate the reporting processes:
- Mergers & Acquisitions Reporting
- Intercompany Tracking & Reporting
- Statutory & Pro Forma Reporting
- Business Management via Improved Metrics & KPIs
Gather and define solution requirements (working with key stakeholders)
Manage implementation of selected software
Design and configure systems
Conduct data validation and user acceptance testing
Provide user training and documentation, as well as ongoing support (as needed)
Need Close & Consolidation Support?
Our team is here to help (from strategy through implementation).