Whether you have multiple entities or a single entity with plans to add more for legal protection, you likely know the headaches involved with multi-entity management – and may experience them firsthand each month if you’re relying on spreadsheets or multi-instance systems for consolidations.
Compared to those systems, multi-entity shared systems eliminate the toil and errors that come with multiple logins, chart of accounts drift, and manual consolidations. Using multi-entity shared to automate consolidation activities is transformative for finance teams – enabling consolidations in minutes, cutting the close by up to 65%, and providing current, accurate financial information at any time.
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