Navigating the complexities of consolidation

Learn more about strategies to enhance your organization’s consolidation process.

With the growth of business opportunities regionally and globally, many organizations have expanded their reach to new markets. With these rapid expansions, organizations are increasingly overwhelmed with the reporting complexities of multiple entities in various jurisdictions. Finance departments are facing growing pressure from various stakeholders to transform their function and streamline the reporting process through automation, while continuing to meet compliance and regulatory requirements.

In particular, managing consolidation is an increasingly complex and time-consuming process, due to greater demand for agile planning, large volumes of data, and challenges surrounding data integration and automated technology. These challenges are further exacerbated when there are complex group structures. As a result, organizations are stepping up their efforts to streamline reporting by their subsidiaries and adopt agile technologies to automate the consolidation process. We will discuss several strategies to improve your organization’s consolidation process, including implementing a centralized delivery model for consolidation and the benefits of insightful comparisons and analysis between entities across standard services.

You will also hear from a finance leader on his organization's journey on the consolidation process, including the use of digital finance transformation to automate manual and non-value-added tasks to generate long-term value, as well as an introduction to financial performance management (FPM) tools by Lucanet.

Highlights

• Key challenges to the consolidation process
• Digital transformation challenges and opportunities for CFOs
• Overview of FPM tools

Speakers

• Adele Liew, Partner, Financial Accounting Advisory Services, Ernst & Young LLP
• Anthony CX, Group Head of Finance, Pathology Asia
• Rui Yuan, Regional Head, LucaNet ASEAN

This event is now over. For enquiries, please contact the organizer.