Implementation project management for consolidation refers to the structured oversight of all activities involved in setting up or enhancing a group’s financial consolidation process or system.
This includes planning timelines, coordinating stakeholders, managing data integration, testing reporting tools, and ensuring compliance with accounting standards. Effective project management ensures that the consolidation solution is delivered on time, within scope, and aligned with business and regulatory requirements.
Benchmark of consolidation solutions involves evaluating and comparing different financial consolidation tools or software based on criteria such as functionality, compliance, scalability, user experience, and cost.
The goal is to identify the most suitable solution for a group’s specific reporting needs, IT environment, and regulatory framework.
Drafting of specifications refers to the process of defining detailed functional and technical requirements for a consolidation system or process. This includes outlining reporting structures, data flows, user roles, automation needs, and compliance expectations, serving as a foundation for tool selection, system configuration, and implementation planning.
The service of Implementation project management involves coordinating and overseeing the execution of a project from start to finish.
This includes planning, resource allocation, task assignment, and monitoring progress. The team members are responsible for ensuring that the project meets its objectives, stays within budget, and is completed within the agreed timeframe.