Towards unified financial performance: why the convergence of consolidation, reporting and regulatory requirements is becoming a CFO priority

A financial landscape too complex to sustain performance

Over the past decade, organisations have experienced a sharp increase in:

• regulatory requirements (ESG, taxonomies, IFRS, prudential reporting, international taxation, growing volumes of disclosures);

• investor expectations for forward-looking insights;

• operational pressure on finance teams, expected to deliver more analysis within the same — or even shorter — timeframes.

In this context, legacy systems are reaching their limits. Often built on different technological generations or resulting from successive acquisitions, they create fragmented data models that directly hinder financial performance:

• inconsistencies between consolidation and reporting;

• time-consuming manual adjustments;

• lengthy reconciliations;

• dependence on IT teams;

• lack of a unified view.

CFOs are now seeking solutions capable of unifying data, processes and governance to sustainably improve financial performance.

The rise of a unified model: a new standard for financial performance

It is within this context that unified platforms are gaining traction. They are no longer simply replacements for legacy tools, but a new standard for financial performance.

Tagetik fully embodies this evolution. More than a consolidation tool, the platform covers the entire financial performance cycle — from financial close to regulatory disclosure, including reporting and forecasting.

Its strength lies in a consistent data model designed to align financial uses:

• statutory and management consolidation;

• forecasting;

• operational performance management;

• ESG and regulatory reporting;

• tax management;

• disclosure automation.

In Tagetik, financial dimensions are not just technical fields: they are true business objects, shared and infinitely hierarchical, with minimal volume constraints, adaptable by Finance teams and designed to handle increasing complexity.

How unification tangibly improves CFO financial performance

Beyond traditional benefits — data quality, traceability, governance — a unified platform fundamentally transforms financial performance.

1. A Single Source of Truth

One model across all levels (local, conversion, consolidation) drastically reduces discrepancies between statutory, management and analytical views. Data becomes controlled, documented and reliable.

2. The End of “Copy-Paste Reporting”

With an integrated reporting engine — dashboards, reporting books, ad hoc analysis via drag-and-drop or GenAI — production becomes smoother and less dependent on external tools.

3. Business-Led Control Instead of IT Dependency

Tagetik is a low-code solution enabling Finance teams to configure:

• rules;

• allocations;

• periodicity;

• workflows;

• automation.

Result: shorter cycles, faster decision-making and greater agility in responding to regulatory changes.

4. A Platform Built for Modern Regulation

ESG, IFRS 16, Disclosure Management, IFRS 17, Solvency II, tax reporting, GMT, CbCR… The ability to manage complex, multi-framework and highly regulated reporting within a single data environment becomes a major competitive advantage and a driver of financial performance.

AI, auditability and automation: new performance drivers

The platform includes advanced artificial intelligence capabilities:

• anomaly detection;

• automatic transaction matching;

• journal automation;

• predictive analytics;

• Ask AI to query data in natural language.

Combined with full traceability (audit trails, logs, automated controls), these features reinforce the CFO’s role as both the guarantor of financial truth and a key decision-maker.

A transformation that goes beyond technology

The shift to a unified model is not just an IT project. It involves:

• improving data quality and reference frameworks;

• harmonising local practices;

• modernising closing processes;

• reorganising internal performance management.

This is why support from specialised partners is critical.

At VISEO, our Tagetik Competence Centre brings together 30 specialised consultants. Recognised as a Top New Partner globally, we support finance departments through progressive, measured and sustainable transformation — far from “big bang” approaches.

A structural trend: unified financial performance is becoming the norm

The widespread replacement of legacy solutions such as SAP FC, Hyperion or IBM Cognos with unified platforms is not a passing trend. It is a fundamental transformation impacting all sectors, from large listed groups to mid-sized companies.

Why? Because CFOs need financial performance that is:

• more reliable;

• faster;

• clearer;

• more actionable.

How to sustainably improve financial performance with a unified model

For CFOs, improving financial performance is no longer just about accelerating closing cycles or ensuring data reliability. It is about achieving a holistic view that connects statutory, forecast and regulatory performance within a single environment.

A unified platform enables stronger performance management, streamlined processes and more secure decision-making.

The future of financial performance is unified

In a world where data is becoming a strategic asset, the ability to align consolidation, FP&A and regulatory reporting within a single environment is no longer a competitive advantage — it is a prerequisite for sustainable financial performance.

Finance departments that embrace this convergence today will benefit tomorrow from:

• faster closing cycles;

• more agile forecasting;

• deeper insights;

• more responsive performance management;

• controlled compliance.

Unification is no longer a technological choice: it is a foundational model for the future of finance.