This Lean Consolidation Financial Transformation Report is designed for organizations aiming to improve their financial processes. This tool is designed to improve internal controls over the consolidation process, streamline financial reporting and boost overall efficiency within Finance teams. By reducing manual keying, eliminating re-work loops and fostering better information sharing through online access, this tool enhances the quality of financial reporting and increases employee satisfaction and pride. The insights provided in this report empower organizations to achieve scalability for future growth while significantly reducing costs, making it an asset for any Financial team aiming for transformation.

This report illustrates key components of the consolidation process. It focuses on different functional areas such as treasury, tax and financial reporting, providing a view of current versus future states. It outlines the actions required to drive improvements, identifies potential waste in the current state and highlights the expected benefits of implementing the proposed changes. By mapping out the steps necessary for effective consolidation and offering detailed analyses of each area, this tool equips readers with actionable insights that can facilitate meaningful financial transformation.

Project goals covered in this report include:

• Enhancing internal control over the consolidation process
• Streamlining the process for consolidating financial information and reporting
• Improving the quality of financial reporting
• Supporting information sharing through online report access