Financial Reporting Challenges when Group Companies Have Different Operating Calendars
Introduction A lack of insight and confidence in the data amongst CFOs and finance organizations often holds back organizational decision-making. Many businesses are held back by inefficiencies in routine processes within the period-end financial close and reporting process,...
Key Challenges for the CFO in 2023
As businesses worldwide look to regroup and regrow out of the ashes of the pandemic, many CFOs are taking on enhanced roles beyond accounting and encompassing greater strategic responsibility across their organizations. According to research from Brainyard spanning 21 industries,...
Global Financial Reporting Issues and How to Fix Them
This might be you and it’s not your fault In today’s digital economy, demand for immediate access to accurate financial data increases constantly. Internal management, parent companies, regulatory authorities, and other external stakeholders now expect almost real-time availability...
How to avoid ERP pitfalls caused by mergers and acquisitions
Mergers and acquisitions (M&A) are a common growth strategy for companies, but the integration of the systems and processes of two separate entities can be a complex and challenging task. Enterprise resource planning (ERP) systems play a critical role in the success of M&A,...
France’s FEC Reporting Requirement (Fichier des écritures comptables)
Like many tax authorities around the world, France has implemented a statutory reporting framework intended to standardize the financial data they receive from companies under their jurisdiction. It’s called “Fichier des écritures comptables”, or FEC for short. Introduced in 2014,...
In Today’s Economy, Cost-Saving Sells
Even in the midst of a recession, there is opportunity. Prove that your product can save time and money, and you’ll have a winning proposition. Many of us remember the days of the dot-com boom, when concepts like monetization and ROI seemed to suddenly lose relevance altogether....
Customer Story: IBP Powers Forward with Mondial and SAP
When Industrial Battery Products (IBP) wanted timely, dependable financial reporting that would work seamlessly with SAP Business One, they turned to Mondial Software. They now have a modern, real-time platform that saves time, improves accuracy and automates key elements of the...
Financial Statements: Focusing on the Value-Add
What if you had a full-time assistant who could take all the administrative headaches out of your month-end closings? That would leave you with a lot more time to spend on high-value strategic activities. With the right approach to consolidated financial reporting, that scenario is...
Press Release
BEDFORD, New Hampshire, APRIL 20, 2022. Mondial Software today announces a new partnership with Pilot Solutions, which operates channel enablement programs for SAP Business One ISVs and VARs. With last year’s release of Mondial’s real-time integration connector for SAP Business One,...
Closing the Year With Limited Staff?
It’s that time of year when the finance team must begin thinking in earnest about closing the books for the year. For many CFO’s, the task will be especially challenging this time around, as they face an increased shortage of qualified CPAs and other finance professionals. If you...
Five Problems With SAP Business One’s Financial Reporting
SAP Business One generally gets pretty good reviews when it comes to general-purpose reporting. When SAP bought BusinessObjects a number of years ago, it acquired Crystal Reports as part of that package. At the time, Crystal was the industry standard for SMEs, and it has been...
IFRS vs. GAAP: Key Differences
Two decades ago, the dominant standards for financial reporting were typically set on an individual country basis. In the US they were, and still are referred to as GAAP – Generally Accepted Accounting Principles, and although they often have different names elsewhere, the phrase...
