For organizations embracing finance automation, the guiding principle is simple: “Start
Small, Scale Fast.” This approach ensures incremental, manageable changes, allowing
finance teams to adapt effectively and achieve quick wins.When assessing the scope of automation and available solutions, CFOs are focusing on several key factors:
Inter-company reconciliations and the power of automated transaction matching
At Consark, we have focused on creating a customizable transaction matching routine that enables users to establish reconciling rules personalized to their specific accounting practices. This adaptability is crucial, especially in the complex process of inter-company reconciliation, which becomes even more challenging when preparing consolidated financial statements under Generally Accepted Accounting Principles (GAAP).
How finance leaders can leverage functional expertise for tech adoption
A recent Gartner survey with CFOs revealed that the top priority for 2024 is “Leading transformation efforts.” This finding is particularly insightful when considering how tools and technology can significantly enable CFOs and finance teams to accelerate this transformation.
Why Financial Close Software is a Strategic Ally for Controllers
From crunching numbers into the early hours to steering strategic decisions, the role of controllers has evolved significantly. As financial processes become more complex, cutting-edge technology empowers controllers to drive change and meet the evolving demands of enterprise finance teams.
Gen AI in financial controllership – seizing opportunities, navigating risks
Gen AI is an exciting opportunity for companies to explore especially in the world of finance and accounts. From automating routine tasks to providing deep analytical capabilities, Gen AI is poised to revolutionize how organizations manage their financial operations.
Simplifying finance close – a roadmap to achieving significant ROIs for finance teams
Simplifying finance close – a roadmap to achieving significant ROIs for finance teams In a recent conversation with one of our customers in the automobile ancillary sector, we discovered that they had significantly reduced their finance close lifecycle from 20 days to just two days over two years, primarily through extensive ERP customization. They had […]
Crafting customer love – Navigating the path from services to products!
Embarking on a transformative journey alongside our customers has been nothing short of a captivating adventure over the past 10 years. Here at Consark, we unfold a tale that transcends the traditional service-provider narrative, blending evolution, teamwork, and delightful customer experiences. What sets Consark
Going digital with variance analysis & commentary aggregation for today’s global businesses
Variance analysis is more than a process to report facts. Finance teams leverage this tool to communicate a clear story to stakeholders. Large enterprises often face complex reporting structures, making variance analysis vital for insightful decision-making.
The Transformative Role of Technology in Valuations
In the fast-paced world of finance, accurate and timely valuations are crucial for making informed investment decisions. Technology has emerged as a game-changer here, revolutionizing the traditional methods of valuations. With the advent of advanced algorithms, machine learning, and big data analytics, the financial landscape is witnessing