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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Fluence Sets New Bar for Mid-market Financial Consolidation Software With Latest Product Release

April 13, 2021 GMT

TORONTO--(BUSINESS WIRE)--Apr 13, 2021--

Fluence Technologies, the only provider of financial close and consolidation software for mid-sized companies, today announced its first major product release of the year. The first of its kind for the mid market, the release offers new and existing customers out-of-the-box delivery, enhanced scalability and no-coding administration for quick deployment, adoption and time to value.

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“With this release, Fluence has clearly carved out a prominent role in addressing the financial close and consolidation needs of the mid market,” said Isaac Gould, research analyst with Nucleus Research. “Beyond the value of their out-of-the-box and no-coding approach, we’ve heard firsthand how Fluence helps customers cut their consolidation, reporting and auditing times by over 90 percent.”

“We’re in a period of rapid growth through acquisition, a process that used to be painful for our finance and accounting teams,” said Marie-Ève Meunier, corporate controller at Recochem, a Fluence customer. “Now it’s not only easy, but the time it takes to finish our consolidation and reporting went from a full month to two days. With Fluence, we close early.”

Fluence’s latest release includes new and enhanced features specifically tailored for companies in the $100 million to $3 billion revenue range - long underserved by traditional consolidation software - including:

  • Out-of-the-box delivery: to get up and running in weeks with pre-built models and templates for intercompany eliminations, cash flow management, account reconciliation and more
  • Cloud consolidation engine: to scale with customers as they grow in size and complexity, including new subsidiaries, investments, global currencies and regulatory requirements
  • No coding required: making it easy for accounting teams to own, featuring drag-and-drop workflow with predefined task types, a true Excel interface and a record-to-report audit trail

“This release represents the next evolution of financial consolidation software,” said John Power, CEO at Fluence Technologies. “The Fluence solution you see today is the product of centuries of experience across more than a half-dozen companies dating back more than 30 years. It’s no exaggeration to say that we’ve nailed consolidation software better than anyone else in the market.”

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About Fluence Technologies - www.fluencetech.com

Fluence provides the only financial close and consolidation software for mid-sized companies. Our quick deployment, adoption and time to value deliver game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Combining centuries of experience with a cloud calculation platform decades in the making, we give customers the time, confidence and performance they need. Welcome to Fluence. We close early.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210413005310/en/

CONTACT: Michael Corcoran

416-529-5709

mcorcoran@fluencetech.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES SMALL BUSINESS TECHNOLOGY SOFTWARE

SOURCE: Fluence Technologies

Copyright Business Wire 2021.

PUB: 04/13/2021 08:30 AM/DISC: 04/13/2021 08:31 AM

http://www.businesswire.com/news/home/20210413005310/en