Faster close, fewer errors: Transform financial close, consolidation, and reporting

Financial consolidation and reporting should empower decision-making, not slow it down. Yet, many teams are still burdened by legacy systems, manual processes, and siloed data that lead to delays, errors, and compliance risks. What if your team could move beyond these constraints and focus on delivering strategic insights instead?

Anaplan transforms financial close, consolidation, and reporting by integrating powerful consolidation capabilities, dynamic reporting, and automated workflows. With the Anaplan Financial Consolidation application, Anaplan Disclosure Management application, and our Anaplan XL Reporting add-in for Excel, businesses can optimize their financial close, consolidation and reporting processes — reducing time spent on manual activities.

Challenges of an outdated legacy system

Finance leaders face persistent obstacles when working with traditional financial consolidation and reporting tools:

• Lengthy close cycles: Heavy reliance on spreadsheets and manual processes delays reporting and strategic analysis.

• Data fragmentation: Disparate ERP systems and general ledgers make it difficult to get a single source of truth, causing errors and added time to data reconciliation.

• Compliance risks: Meeting IFRS, US GAAP, and other regulatory requirements demands precision and transparency.

• Limited flexibility: Legacy systems require extensive IT involvement, slowing down the valuable time you and your team need to meet the demands of stakeholders. 

These challenges create bottlenecks that not only delay financial reporting but also prevent finance teams from providing timely insights that drive business performance and decision-making excellence. To overcome these inefficiencies, organizations need a modern, cloud-native, out-of-the-box solution that automates complex consolidations, enables dynamic reporting, and scales alongside your business.

How to optimize your financial close, consolidation, and reporting

Anaplan offers a connected approach that enhances speed, accuracy, and agility to your close process:

✅ Cut consolidation and reporting time 
Eliminate manual, error-prone processes and increase automation across financial close, consolidation, and reporting. Anaplan customers have cut close and reporting time by up to 90% and reduced annual audit time by up to 50%.

✅ Streamline complex consolidations 
With a solution owned and maintained by finance and accounting, your team has full control to seamlessly integrate acquisitions, manage multi-currency conversions, generate real-time cash flow statements, and more — all within a Microsoft Office environment.

✅ Empower teams with real-time reporting 
Deliver trusted, timely financial and narrative reports with real-time data integration using our Excel add-in and Disclosure Management capabilities to empower informed decisions and stakeholder confidence.  

✅ Enhance data transparency and compliance 
Ensure audit-ready financials with full data traceability, automated intercompany eliminations, and built-in regulatory compliance for IFRS, US GAAP, and other global reporting standards within an International Business Communication Standards (IBCS) certified solution.

✅ Gain a scalable, future-ready solution 
Anaplan’s cloud-native platform supports business growth and evolving financial needs with powerful calculation engines, role-based security, and seamless ERP and general ledger integrations. 

Customer success in action

A leading chemical manufacturing company transformed its financial close process with Anaplan. Faced with rapid acquisitions and fragmented ERP systems, the company needed a way to consolidate financials quickly without extensive IT reliance. By leveraging Anaplan’s applications, they achieved the following:

• Reduced their monthly close cycle from 30 days to just 2 days — a 93% improvement.

• Integrated multiple ledgers seamlessly, enabling real-time reporting.

• Shifted finance focus from transactional tasks to strategic decision-making.

Unlock the future of financial consolidation and reporting 

Anaplan empowers finance and accounting teams to move beyond outdated processes and take control of financial close, consolidation, and reporting. With automation, seamless integration, and real-time data access, your team can focus on what truly matters — delivering insights that drive business growth.