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Financial Consolidation : combining financial data from several company within an complex organization by streamline and value added to improve business processes and system.
Financial Consolidation usually involves in business process of combining data from multiple legal entities, it could be simply aggregating data can be complex for various reason based on different on fiscal year or different Chart of Account.
Finance owns the consolidation process—Define and maintain all financial consolidation rules and processes from the office of finance – no IT assistance required.
Full financial close management solution—Address your extended financial close process.
Scalable to serve both midsize and larger organizations—Handle simple to complex close, consolidation and reporting process requirements.
Local and global financial consolidation—Meet the complete range of consolidation and reporting requirements including International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP).