Financial Consolidation

Enabling enhanced Finance control and effectiveness

Ensuring compliant financial operations and providing agile financial visibility are critical to the CFO office. A significant area where organisations can obtain greater efficiencies is in the Financial Consolidation and Reporting process through standardised, high quality, trusted closing processes. Many organisations struggle with time-consuming and resource intensive activity to create the period-end financial statements.

Often a significant amount of the finance staff time is focused on collating the input information held in a plethora of different systems with inconsistent account structures rather than to applying their knowledge to ensure appropriate controls are being applied to conform to regulatory standards.

The effective implementation of a standardised Consolidation solution to support the legal and management consolidation process can significantly improve transparency, quality, process and close time. The SAP application suite offer centralised dashboard views of performance data, automates the intercompany elimination process, handles currency conversion and provides automated reporting supporting all standards (IFRS / GAAP / FASB / IAS). AgilityWorks offer expert consultants for the delivery of SAP consolidation solutions including:

  • SAP SEM Business Consolidation (SEM BCS)
  • SAP Business Planning & Consolidation