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Financial Consolidation

Financial Consolidation2020-01-16T15:58:48+00:00

Complete Financial Control

Our Financial Consolidation solutions address the challenges that multi-entity, multi-currency organisations face today with intercompany reconciliations, consolidation adjustments and the need to keep up with the latest group reporting standards, both UK GAAP and iGAAP.

Turn-key functionality merges data from different locations and across multiple general ledgers, performing multi-currency conversions and eliminating time-consuming and non-compliant spreadsheet-based processes.

Financial Consolidation allows organisations to streamline the consolidation process; you also improve its auditability, transparency and business value to your organisation.

Our Solutions

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

Why being data-driven matters.