A consolidation accounting software that helps companies deliver accurate group reporting – on time.
Shorter close cycles
Data Integration
Import data from multiple sources in a timely fashion
- Handle the process to gather financial information from multiple systems to establish a baseline quickly
- Less time spent on manual efforts to gather and organize data
- Manual adjustments can be managed using voucher templates to adjust figures for provisions, different accounting standards etc.
Mitigate human errors
Mitigate the inevitable human errors that arise from incorrect data entry.
- Experience greater confidence in the accuracy of the numbers
- Move away from numerous spreadsheets to a single version of the truth
- Avoid problems caused by performing tasks in different and incompatible systems
- Seamlessly integrate multiple charts of accounts into a common group chart of accounts
Automatization
Faster close with a consolidation accounting software that provides automatization.
- Currency conversion of subsidiary’s local currency to group currency
- Elimination of intercompany transactions where the subsidiaries meet their counterparts in both legal and management structure
- Elimination of investments
- Amortization/depreciation of excess values
- Summation of consolidated figures at group/subgroup level
Want to know more?
