Fluence Technologies, the only provider of purpose-built financial consolidation, close, and reporting software for high-growth businesses, today announced it has ranked number one in the Dresner Advisory Services’ 2022 Financial Consolidation, Close Management, and Financial Reporting Market Study.
Financial consolidation systems combine and aggregate financial data from multiple operating entities to produce an overall consolidated financial view of the group’s operations. Close management systems allow the finance function to control and manage the process of closing the books on a monthly, quarterly, semi-annual, and annual basis. Financial reporting solutions are analytics and reporting tools targeted at finance users. The Financial Consolidation, Close Management, and Financial Reporting (FCCR) Market Study examines the current usage and planned deployment of these systems and solutions.
The study, a part of Dresner’s Wisdom of Crowds® series of research, named Fluence as a leader in the financial consolidation, close, and reporting space, using a number of criteria surrounding financial consolidations, close management, and financial reporting solutions.
“We congratulate Fluence on its #1 rating in our 2nd annual FCCR market study,” said Howard Dresner, founder, and chief research officer at Dresner Advisory. “Our expanded coverage and ongoing research seek to fill the knowledge gap that exists in the market around the FCCR needs and technology requirements in the office of finance.”
Fluence’s native cloud-based solution empowers finance teams, streamlines collaboration, and accelerates time to value with out-of-the-box delivery, easy-to-configure workflows, and enterprise-ready functionality built for high-growth firms.
“The technology needs of the Office of Finance continue to evolve, and Fluence is proud to be at the forefront of modernization,” said Michael Morrison, Fluence CEO. “Leading firms are leveraging our solution to reduce time-to-close by 90%, and the Dresner ranking further validates the power of the Fluence platform.”