more-arw search

A CFO's Guide to Implementing an ERP Solution

To view this Resource, use the form on the right

Migrating to cloud-based financial reporting solutions is the goal of many organizations, in particular those that desire more flexibility, speed and accuracy than their current hodgepodge of disconnected spreadsheets and emails.

Among other challenges, siloed data can slow the financial close to a crawl. Average performing finance teams take six days to close and consolidate their books,according to The Hackett Group’s 2016 Hackett Finance Benchmark. Top performers are able to leverage techniques and/or technology to shave two days off that process.

In addition, revenue recognition is coming to the forefront as companies scramble to comply with FASB’s new revenue accounting standard that is set to take effect for many organizations in 2018. To comply, a company will likely need new processes, procedures, and controls for: gathering data; identifying applicable disclosures; and preparing/reviewing disclosures and related information. A major challenge is that much of the data is decentralized — residing on spreadsheets throughout the organization.

This white paper will explore the factors that are driving adoption of ERP solutions, best practices for implementation, and what to expect from the next generation of financial reporting technology. Download today to learn more!

Fill out this form to become a member and get access to all resource, videos, and whitepapers on Proformative.
Clear the field above and enter the number as indicated
By filling out this form you will become a member of Proformative, and are subject to Proformative's User Agreement.