Financial Close & Consolidation

With automated workflows and real-time data integration, youcan eliminate manual errors, reconcile intercompany transactions effortlessly,and produce consolidated financial statements with confidence.

Consolidation: Monitor each consolidation step and analyze results of the consolidation engine on an illustrative dashboard. The consolidation overview shows users which data process must be performed depending on the consolidation scenario.

‍

Intercompany handling: The IC process allows you to monitor all transactions, match between entities on a dashboard, define groups of accounts, and materiality thresholds. You can also reconcile unbalanced amounts under a predefined threshold.

‍

Multi-GAAP & IFRS: Perform multiple GAAP consolidation adjustments on the same set of data. All adjustments are stored for easy auditing of IFRS, local GAAP, and US GAAP back to the data source.

‍

Multiple Currencies, Exchange and Interest Rates: No matter how many currencies, levels, entities or regulatory bodies you report to, the solution manages all conversion types and processes them in the consolidation currencies. All interest and exchange rates are retained so you can calculate the difference and determine gains and losses.

‍

Calculation Engine and Complex Rules: Define multiple consolidation scenarios and rules for underlying levels during a single data collection process. Use automatic calculations including minority calculation, equity valuation, financial investment elimination, deferred tax calculation and more.

‍

Data Integration, Validation and Submission: Easily integrate with any ERP, G/L or source system. Diagnostic checks and automatic validation tools ensure consistency during data entry and the consolidation process. After the validation, users can submit the final version of the data, which is locked and cannot be changed.

‍