More efficient Budgeting and Financial Consolidation with Talentia powered by Izertis

Budgeting in companies is often a painful process of aggregating data, information and wills that are not always accompanied by tools and systems to improve efficiency. Among the various factors that maximise, or not, such efficiency, there are some that are particularly relevant for large organisations:

• The collection of data from various sources provides a unified and accurate picture of the company's financial situation. This is essential if the information produced is to be sound and complete.
• The accuracy of the data obtained, as well as of the information generated and communicated, can be adjusted according to the continuous changes arising from dynamic processes at both intra- and inter-team and departmental levels.
• Effective reports that can be updated and consumed in real time, facilitating compliance and simplifying both upstream and downstream audits and reviews throughout the budget cycle.
• Rigorous planning at all stages of the process - before, during and after - aligned with the tools used and the expected results, ensures adequate and effective support for all tasks involved.

As for Talentia, one of its assets is process automation

For many companies, Financial Consolidation represents a critical element of the management and operationalisation of their financial reporting. Multiple experiences have shown that the adoption of specialised software and support for such a cycle brings very significant improvements and productivity gains. Indeed, it is in these increasingly complex environments that efficiency and precision in financial management are essential.

As for Talentia, one of its assets is process automation. By eliminating manual tasks, the software significantly reduces the possibility of errors and saves time, allowing teams to focus on more strategic analysis. It also facilitates collaboration between teams and contributes to that unified and accurate view of the company's financial situation. 

The adoption of technological platforms also allows for flexibility and scalability, meeting diverse requirements through an intuitive and user-friendly interface. These platforms allow the modeling of scenarios, the creation of different budget options and consolidation practices, helping in the evaluation of financial impacts of strategic decisions or in the immediate and timely production of information.

In short, the automation of processes, the ease of collaboration, the possibility of modelling and scenarios, the integration of data, the production of real-time and instant reports, compliance and auditing are some of the virtualities of this type of applications and their operationalisation in companies.