Nucleus Research has determined that SMBs can expect a “payback period of 12 months and an average annual ROI of 50 to 150 percent within the first three years of deployment” for financial consolidation and close solutions.
The analyst firm is a global provider of ROI-focused technology research and advisory services. According to Nucleus, “Midsized companies contend with the same accounting complexities of large enterprises with multiple business units spreads across various geographies and industries, but often lack the budget and bandwidth for a drawn-out implementation.” These companies turn to midmarket financial consolidation and close solutions to “migrate off disjointed Excel processes while lowering the technical and cost barriers of traditional enterprise technology.”
Nucleus defines financial consolidation and close (FCC) solutions as “covering the consolidation and reporting of financial information for the monthly, quarterly, and annual close … [they] help organizations streamline daily tasks for accountants, controllers, and the CFO.”
Furthermore, Nucleus explains that “midmarket companies deploy an FCC system when they have difficulty meeting compliance requirements, reporting actuals on a timely basis, evaluating the progress of accounting processes, and visibility to financials across their various functional departments, sales channels, and subsidiaries.”
Download the report today to learn about the benefits of FCC solutions, including:
- Cost reductions
- Revenue drivers
- Organization visibility
- Culture and morale
The report also covers the total cost of ownership (TCO) of FCC solutions.
This report is courtesy of Revelwood’s partner, Fluence Technologies.
Read more about Financial Close & Consolidation:
Fluence Technologies Earns “Outstanding” Overall BPM Pulse Rating from BPM Partners
Financial Close & Consolidation: The Vital Need for Automating Accounting