Financial Reporting and Consolidation

  1. Home
  2. Financial Reporting
Loading
loading..

Accurate, Extensive and Faster Reporting

The financial reporting and consolidation module is specifically designed around the accounting and finance team needs. With powerful reporting capabilities, extensive translation functionalities, automated intercompany eliminations and endless analytical flexibility, you can only gain speed, accuracy and strategic insights.

ANALYTICS

  • Automated financial reporting opening balance roll forward analysis to ensure reporting accuracy across reporting years.
  • Automated opening balance reporting at the consolidation level significantly reducing the consolidation entries while providing complete historical audit trails (no ridiculous posting of all consolidation entries since the beginning of time at each reporting period).
  • Drill down capabilities to the transaction level of the underlying accounting system by the source general ledger account number facilitating analytics, reconciliations and auditing.
  • Financial objects directly aligned with common size financial statements ensuring standard fundamental ratio calculations and financial markets alignment.
  • Fully integrated and customizable charter of accounts from underlying systems (no messy and cumbersome master charter of accounts) providing a unified view across all source systems irrespective of the underlying platform and facilitating business communications.

EXTENSIVE REPORTING CAPABILITIES

  • Extensive Microsoft Excel reporting and analytical capabilities while being disconnected from the server providing the flexibility to analyze and review your reports anywhere anytime.
  • Secured deployment and control over named ranges across Microsoft Excel clients providing endless flexibility to deploy corporate information directly to all the users at your fingertips.
  • Automated period management across all systems such as calendar, reporting, financial, consolidation, system and fiscal periods eliminating the necessity to change subsidiary period endings. This is also useful when year end cannot be changed because of regulations in certain Countries.
  • Why limit yourself to only get a year to date ? Complete and fully integrated period reporting for all periods of the current reporting year, prior year, budget and forecast facilitating reporting and analysis since your numbers are all available at your fingertips.
  • Consolidation period control to ensure users are only posting in the desired periods and to close the reporting process.
Contact Now

Do not wait any longer, get in touch with us

Our agents will be more than happy to discuss your world of opportunities.

Contact Now
  • Extensive reporting capabilities for dashboards and management reports making your life easier while drastically increasing reporting speed and accuracy.
  • Extensive mapping capabilities to automate the entire set of financial statements including the income statement, the balance sheet, the cash flows statement, continuity schedules and notes.
  • Financial reporting period archiving enabling automated general ledger account balances audits by consolidation periods to ensure that no change is occurring in prior reporting periods.
  • Multi dimension performance management reporting such as Company Codes, Company Codes Assigned, business Units, Divisions, Legal Entities, Systems, Regions, Segments, Responsibility Centers and more, facilitating allocation, costing, budget and forecast tracking and analysis.
  • Hierarchical automated mapping features to ensure mapping propagation across multiple reporting dimensions without any additional effort. For example, map your operational report and let the application map your statutory and taxation reports.

STRONGEST MULTICURRENCY MANAGEMENT IN THE MARKET

  • Configurable automated daily foreign exchange rates for more than 25 currencies including extrapolation for days without reported rates ensuring completeness of rate continuity for reconciliation and analytical purposes.
  • Four layers of currency translation isolating all exchange difference in specific accounts providing complete traceability and control over subsidiary translations.
  • Fully automated and configurable average and period end foreign exchange rates for consolidation purposes so that you do not have to waste time searching and inputting rates each period.
  • Multi currency translation per legal entities providing endless possibilities for managing complex taxation structure across multiple countries.
  • Mutli translation methods such as temporal and current rate providing extensive flexibility across the consolidation perimeter for currency translation.
Contact Now

Do not wait any longer, get in touch with us

Our agents will be more than happy to discuss your world of opportunities.

Contact Now

INTERCOMPANY ELIMINATIONS AND ACQUISITIONS

  • Automated intercompany elimination analytical capabilities providing easy to trace discrepancies for the base and the translated amounts including partner grouping.
  • Automated intercompany elimination entries generated automatically and posted to ensure traceability and audit trails.
  • Instantaneous corporation reporting integration when making acquisitions for example by allowing external partners to submit trial balances according to the corporate timeline ensuring accurate and on time reporting.
  • Trial balance acquisition tracking configurable process for external partners to follow submission and ensure data acquisition completeness.
  • Trial balance historical submission providing partners access to historical data while ensuring process audits trails.