FINANCIAL CONSOLIDATION

The main object of financial consolidation is to view on the corporation group as a single company.

Why Financial Consolidation tool

Most companies dealing with financial consolidation use presently classic spreadsheet. Depending on company group structure and its complexity it is very comprehensive, time-consuming and not-automated process with uncertain data quality result. Usage of the specialized financial consolidation tool brings key advantages in comparison with classic spreadsheet solution. Above all the whole consolidation process becomes automated, the close cycle times are reduced and data integrity is assured. Timely availability of reliable financial data supports accurate operational and strategic decisions, because of that is the financial consolidation integral part of the CPM solution.

Financial Consolidation solution in brief

Specialized Financial Consolidation tools (IBM Cognos Controller, Oracle Hyperion Financial Management) offer unmatched capabilities for managing the close, consolidation, and reporting process, that is fully owned and managed by Finance department.

What will you get?

• your consolidation process will be significantly more effective, faster and cheaper
• full coverage of consolidation process – from data collections to regulatory reporting (in compliance with IFRS, GAAP and others)
• full control of the whole process including advanced security
• view of the enterprise from different perspectives (legal, management or tax)
• pre-configured reporting package
• web-based and fully scalable user interface

Our services

• analysis and optimization of the existing financial consolidation process (process optimization)
• implementation, setup and configuration of the system
• linking to reporting, planning and other systems (ERP, DWH…)
• project management
• training & technical support
• others…