Consolidation
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Consolidated P&L with drill-down
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Build stakeholder confidence, reduce errors and save time.
This easy-to-use tool takes the effort out of creating
consolidated financial statements, enabling you to produce
accurate, professional-looking reports at the click of a
button.
Flexible system
This module is a must-have for FDs operating within a
multi-company/subsidiary environment. Catering for any number of
subsidiaries, analysis categories and currencies, it will support
you now and as your business evolves.
Reduce checking & errors
The module comes with an in-built wizard to simplify the process
of gathering and importing information. This puts an end to
cut-and-paste, eliminating laborious cross-checking and
reducing the likelihood of errors.
Accurate, timely currency information
Our consolidation software will automatically calculate the
relevant home/consolidation currencies at the specified exchange
rate, ensuring your reports always reflect the bigger
picture.
Easy to set up
The wizard makes it easy to configure the required
databases - one for each subsidiary, and the consolidation
database itself. Via a series of simple steps, it ensures that your
final reports are structured exactly as you want them.
Full and accurate information
Our consultants will help you set up the relevant connections to
import and validate all your key data so that all your reporting
information - including company name, address, home currency and
company ID - are accurate.
For fast future reference, the system also keeps a full and
detailed record of each shareholding and the cost and date of
purchase.
Accurate, fast import
Having configured the databases and set up the data
connections, the wizard then makes it very easy to import the
correct nominal codes and balances. This creates a
consolidated set of nominal codes into which balances can be
imported.
Simple, fast consolidation
The final stage is to import the nominal balances from
subsidiary companies. This will generate a consolidated trial
balance from which group reports can be generated. From here, you
choose whether to update or clear your balances. You can also
create a journal for the P&L and balance sheet - useful when
needing to specify two different exchange rates.
For detailed information about setup and configuration,
download our Consolidation
factsheet.
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