(MENAFN – PR Newswire)
NASHUA, N.H., Oct. 17, 2024 /PRNewswire/ — Dresner Advisory Services has released its 2024 market study on financial consolidation, close management, and financial reporting. This report is part of their Wisdom of Crowds® research series. It explores how financial consolidation systems aggregate data from different entities to give a complete financial overview.
The study highlights current practices and the reasons organizations adopt FCCR software, underscoring its importance in business intelligence and analytics strategies. Notably, younger companies are increasingly using FCCR to support their growth, showing higher priority scores in all areas.
The main goal for deploying FCCR software is to ensure a reliable, unified financial data source, regardless of the organization’s size, age, or industry.
Howard Dresner, founder of Dresner Advisory, stated, “This year’s study focuses on performance management tools important to finance functions.” Understanding users’ needs and goals is crucial as these tools play a key role in enterprise performance management strategies.
The company has also released two related reports on Financial Reporting and Close Management. Financial reporting tools allow analysis of actual performance versus budgets, while close management tools streamline the period-end closing process and automate regulatory disclosures.
The Wisdom of Crowds® research is based on data from various users, providing a comprehensive view of market trends and perceptions. For more details, visit [website].
About Dresner Advisory Services
Founded by Howard Dresner, an independent analyst and business advisor, the firm focuses on thought leadership in Business Intelligence and Performance Management.
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