This transformation has enabled the optimization of the close process, improved audit trails, and increased accountability, control, and analysis of financial data. Finance users have real-time capabilities from initial posting in source systems to statutory consolidation.
For EDF’s people, the real benefits lie in greater consistency, availability and sharing of data. Users have a single view through the new tool which lets them solve problems quickly and proactively. Employees can now decrease closing timelines and enhance accuracy, better manage closing simulations and even handle consolidations in real time.
EDF’s finance function is now more nimble in its ability to provide business value. This function can also better take into account business model evolutions. It can help manage potential M&A activity. And it can ensure best-in-class financial compliance as well as reliable and accurate publications that deliver timely financial communications to stakeholders.