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How can CFOs balance the needs of the corporate center and reporting entities for consolidation and planning?

28th October 2014

How can CFOs  balance the needs of the corporate  center and reporting entities for  consolidation and planning?

Most CFOs know that when it comes to consolidation, budgeting, planning and forecasting applications there always seems to be a tension between satisfying the needs of the corporate head office and fulfilling the diverse operational needs of local management.  In many cases this leads an unsatisfactory compromise in which neither the center nor local management have complete visibility of the business. Or worse still it leads to separate applications, wasted effort, inefficient processes and lingering doubts about data quality.  So what is going wrong? asks Gary Simon FSN’s managing editor and what can CFOs do to re-balance the sometimes competing reporting and information needs across the enterprise? 

 

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