6 Best Practices for Solving Financial Consolidation Challenges

Whether you run a family company with a couple of branches or an international conglomerate, you will have to think about financial consolidation and how best to tackle its inherent challenges. The complications introduced by multiple legal entities go far beyond complying with global accounting standards and touch every facet of your business. Companies can struggle to scale without a framework in place, getting bogged down by obsolete processes and the difficulty of trying to align financial statements across multiple companies. This booklet offers a comprehensive list of tactics to overcome the most common challenges of financial consolidation.