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Financial close and reporting optimisation

Financial close and reporting optimisation helps CFOs in need of enhancing the quality, improving the timeliness and/or reducing the cost connected to their financial close and reporting process.

Typical situation in which you might require assistance:

  • Policies and procedures are not clearly established or defined for the month-end close process
  • Dissatisfaction of investors, affiliates, etc. as time has become a key performance measure which defines the perception of information and management quality
  • Merger and acquisition activities demanding an alignment with the acquired company’s financial close, consolidation and reporting processes
  • Cost reduction in a finance department with manually intensive close processes depending on key person
  • Allocating costs to business units is tedious, time-consuming and overly complex
  • Business unit or joint venture data is not submitted to the corporate level in time
  • Multiple adjustments are needed to conform to GAAP at the corporate level due to lack of competence and effectiveness in local accounting
  • Intercompany transaction accounting is not streamlined and has become more complex due to tax strategies and vertical integration in the marketplace
  • Existence of multiple systems requiring significant manual intervention to post entries to the General Ledger (GL)
  • Frequent issues related to information system quality, local regulatory and statutory reporting requirements, retention of key staff

Contacts

  • Georges Kioes
    Partner - CFO Services Leader
  • Petra Hazenberg
    Partner - Strategy & Corporate Finance - CFO Services

Focus on

  • CFO services - Addressing the challenges of the finance function
    The Deloitte Luxembourg CFO services offering focuses on tailored solutions that address the challenges the CFOs of today face.
  • Article
    CFO survey 2011 - Le moment des résultats
    Fin 2011 Deloitte a effectué une enquête auprès des CFO des secteurs du service et de l’industrie afin d’étudier les rôles et les priorités du CFO.
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    Financial close and reporting optimisation
    Discover our financial close and reporting optimisation services in a synthetic way

Learn more

  • Financial close and reporting optimisation | Deloitte solution
    Helps CFOs in need of enhancing the quality, improving the timeliness and/or reducing the cost connected to their financial close and reporting process.

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