Blog2024-08-06T16:46:07-04:00

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The Blog

Future proofing Your Financial Operations with EPM Software

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Having the correct insights at the right moment may make or break a business in an era where data is king. EPM software provides a consolidated platform for analysis by integrating data from several departments and platforms. Using strong analytics tools, EPM offers:  Monitoring

Leveraging CPM Tools to Streamline the Financial Close and Consolidation Process

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Although financial closure is essential, costly, and efficient financial management, it is frequently tedious. Tools for corporate performance management, or CPM, are transforming how businesses manage this crucial task by providing a simplified and effective method of closing the books.  What Are CPM Tools? 

Invite – Advancing Finance Intelligence to the Next Stage Webinar on Dec 12th, 2024

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Take Financial Intelligence to the Next Level Elevate your financial processes, insights, and decision-making capabilities. Join Astral Solutions Group and OneStream Software for an exclusive webinar designed to transform how you manage financial intelligence and drive business outcomes. 📅 Date: December 12th, 2024 🕒

How to Align Planning, Budgeting, and Forecasting with Your Business Strategy

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Aligning your planning, budgeting, and forecasting (PB&F) process and procedures with your overarching business strategy is crucial in today's competitive business world. Proper alignment ensures efficient resource use and helps your company achieve its objectives. Here are few ways to align with business strategy:  

How Profitability & Cost Reporting Enhances Business Strategy

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Businesses must have a clear and successful business plan because of the intense competition and financial strains they overcome in today's fast-paced industry. Because they offer information about financial performance, cost-effectiveness, and overall profitability, profitability and cost reporting are essential in forming this plan.

How Smart Profitability & Cost Reporting Supports Financial Close and Consolidation

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In corporate finance, closing and consolidating finances are important yet challenging processes. The procedure includes balancing accounts, assuring regulatory compliance, and combining financial data from several divisions, regions, or even nations. Firms are increasingly using smart profitability and cost reporting technologies that improve accuracy,

The Role of Planning, Budgeting & Forecasting in Corporate Performance Management (CPM)

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Corporate performance management (CPM) can only achieve a company's strategic goals, and a successful CPM framework must include planning Budgeting and forecasting. Planning and forecasting directly impact better decision-making and overall business success by facilitating data-driven insights, proactive plans, and quick reactions to market

The Role of Planning, Budgeting, and Forecasting for Corporate Financial Success

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Managing daily operations alone cannot sustain a company's financial health in the ever-changing business world. Planning, budgeting, and forecasting (PB&F), among other strategic financial tools, offer the foundation to lead companies through intricate financial environments. The following are examples of how each of these

How Planning, Budgeting, and Forecasting Support Financial Close and Consolidation

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Planning, budgeting, and forecasting are essential for the financial close and consolidation process to be accurate and effective. These features simplify the reporting and compliance process and assist in aligning financial activities with corporate objectives. Planning: Establishing the Groundwork for Financial Success Planning outlines

Why do Companies need Planning, Budgeting, and Forecasting Solutions?

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In today's fast-paced business environment, companies need to be adaptable and responsive to market shifts. Planning, budgeting, and forecasting (PB&F) systems are crucial in this case. These solutions give firms an organized approach to managing and aligning their finances with their strategic goals. Improved

How to Ensure Accuracy and Transparency in Financial Close Reporting

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Financial close reporting is a crucial procedure that helps businesses conclude their financial accounts after a period. Following compliance guidelines is only as vital as preserving trust with regulators, investors, and stakeholders. Thus, this process must be accurate and transparent. Here's a comprehensive how-to

How Smart Close Solutions Improve Compliance and Audit Readiness

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Businesses are under more and more pressure to keep accurate financial records and adapt to changing regulations in the current regulatory environment. To ensure compliance and enhance audit readiness, Smart closure solutions offer an integrated platform for automating and streamlining the financial closure process.

Benefits of Account Reconciliation and Transaction Matching

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Account Reconciliation To verify accuracy and consistency, a company's internal financial records are compared with external data, such as bank statements, in a process known as account reconciliation. Finding and fixing errors will help to guarantee that every transaction is accurately documented. This procedure

Streamlining Financial Consolidation Across Multi-National Entities

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Streamlining Financial Consolidation Across Multi-National Entities Managing financial consolidation for multinational corporations poses distinct issues because different locations have different rules, currencies, and accounting standards. This process must be streamlined for financial reporting to be accurate, timely, and compliant. The following are the main

The Role of AI in Financial Close and Consolidation

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The Role of AI in Financial Close and Consolidation In today’s fast-paced business environment, financial close and consolidation processes are crucial for ensuring accurate financial reporting and compliance. Traditionally, these tasks have been manual, time-consuming, and prone to errors. However, with the advancement of

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