Helps companies deliver accurate group reporting – on time.
How does it work?
Automated data collection
Accelerate your financial close process with automated data collection.
Reconciliation
Drill down on accounts and transactions for matching and identification of differences and errors.
Consolidation & elimination
Automate intercompany eliminations, allocations, currency conversions, acquisition calculations etc.
Reporting
Easy access to internal, external, and regulatory reports – analyze in your favorite BI tool.
Workflow & tasks
Create and manage work processes within the solution to work smoothly as a team
Why use Consolidation
Accelerate your close
Shorter close cycles
Move away from tedious manual steps to orchestrate the close process with greater control.
- Import data from multiple sources in no time
- Eliminate inevitable human errors from incorrect data entry
- Faster close with automatization
Continuous reporting and control
No surprises at the end of the reporting cycle
Streamline the financial close process and simplify the task of providing certified financial information.
- Intercompany transactions are updated daily
- Automatic reconciliation
- Match transactions between parties and identify errors and missing bookings
- Identify and correct intercompany differences immediately
- Prepare reports to meet your financial consolidation needs e.g., management and statutory reporting
Process optimalization
Align the consolidation process
Coordinate and monitor the financial consolidation process with built-in workflows and status reporting.
- Keep track of progress within the process and meet the closing deadline
- Extend Profitbase Consolidation with apps and business processes unique to your company
- Reuse consolidated data in your planning process
Want to know more?
Talk with us
