Consolidation and Reporting

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. Enterprise-scale solutions enable centralised dashboard views of performance data, automation of the intercompany elimination process, currency conversion and automated reporting supporting all standards (IFRS / GAAP / FASB / IAS).