Financial Consolidation

Our Solutions

Let’s you quickly and accurately collect, consolidate, and report data from operating units around the globe, including those with disparate general ledger systems, charts of accounts, and transactional systems.

Financial consolidation allows you to decrease cycle time and improve accuracy by automating the loading, consolidation and validation of data from multiple organisational units. Because the data and changes are consolidated in a central, secure database, you instantly arrive at a single version of the truth not easily attained using spreadsheets.

The application automatically handles exchange gains and losses, whilst generating consolidation adjustments such as minority interests, joint ventures, intercompany balances and intergroup trading and recharges.

Our solutions also allows you to manage the ownership and control percentages of subsidiaries and associate enterpris-es that are aggregated and the method at which it happens, also allowing sub consolidation to be undertaken as part of the same process.

Financial Consolidation software provides your organisation with a complete audit trail on all consolidation steps, allowing you to review changes and providng the transparency needed to satisfy internal and external auditors and create standard financial reports based on your current data. It also generates exception reports and color-coded, interactive analytics to help you analyse your business.

Key Features

Write off / revaluation of investments
Automatic calculation of depreciation and amortisation
Creation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc.)
Multiple and customizable closing periods (Year, Quarter, Month, etc.)
Currency conversion with exchange rate difference calculation.
Elimination of I/C markup on inventory
Journal entries at company and group level.
Dividends elimination.
Multilingual
Intercompany transactions (receivables, payables, expenses/revenues)
Investments (Holding Company)/Equity (Subsidiaries.)
Integration with MS Office. Your Financial Statements linked directly and updated automatically from your consolidation solution from CFMS