Financial Consolidation & Close
Close financials faster with accuracy and insight.
For many organizations, the financial close process involves hundreds of people, processes, and tasks. These processes are repeated monthly, quarterly, and on an annual basis involving numerous disconnected source systems, hard copy reports used for input, and timing inconsistencies for delivering information.
Accounting and financial resources need quick access to information, delivered in a meaningful, consistent and intuitive solution. Integration of data across various lines of business bringing harmony and a unified view of the business operations is mission-critical to this complex business function.
Our team of experts can deliver solutions that:
Meet your needs without layers of customization
Reduce your need for customization and automatically calculate all required reporting, rollovers, workflow, KPIs, and more.
Meet global reporting requirements
Decrease the effort and time to meet IFRS and GAAP requirements with a preconfigured consolidation model.
Perform complex consolidations
Increase the accuracy and speed of adjusting entries by leveraging any hierarchy with pre-built consolidation support. Transition between legal and management reporting hierarchies that may have unique attributes, and calculations.
Key performance indicators
Use the system purpose-built calculations or easily create ones for business-specific requirements.
Orchestrate a connected close
Streamline the end-to-end close with automated process monitoring, integration, and workflow capabilities.
Automate XBRL tagging
Reduce time and increase accuracy by automating XBRL tagging and taxonomies with natural language processing.
Compliance and transparency
Provide transparency and audit compliance for everything that is perform within the consolidation system. Always see what changes have been made and by whom. Include supplement data to provide additional perspective and track detailed information.
Automate Intercompany Eliminations
Reduce the manual effort by using automatic, standard eliminations.