Reasons For A Financial Consolidation System

 

Traditionally many companies have made use of excel for financial consolidation. Excel-based solutions may be fine for a one-off annual exercise. However, Excel solutions are error-prone. Furthermore, all the consolidation rules have to be built manually.

 

As the internal and/or external reporting requirements become more demanding a dedicated consolidation system can really help save time. Just adding one of the following requirements would be very difficult and time-consuming for excel models:

 

  • Consolidate Monthly or quarterly
  • Consolidate Budget and Forecasts as well as actuals
  • Group structure changes
  • Plan for sales/acquisitions
  • Different charts of accounts in group companies
  • Matrix reporting

 

Corporate Planner has developed a complete Corporate Performance Management solution. The platform is generic and is used by all sectors. The core ethos of Corporate Planner is that the finance teams run the system.

Financial
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Corporate Planner's Consolidation solution, How you can prepare consolidated financial statements ready for audit with Corporate Planner Cons, How Corporate Planner Cons can help your company

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corporate-planner-consolidation-guide

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This guide addresses:

→ Corporate Planner's Consolidation solution

→ How you can prepare consolidated financial statements ready for audit with Corporate Planner Cons

→ How Corporate Planner Cons can help your company

Simply fill in the form provided to receive your free copy!

Corporate Planner Financial Consolidation

The Corporate Planner financial consolidation application enables all group companies to streamline their consolidation process.

  • Enables fast close
  • Independently certified and award-winning consolidation application
  • A workflow guides the user in setting up the system
  • Add companies and account codes from simple dialogue boxes (or import them into the system)
  • Data can be imported directly from ERP systems
  • Direct integration and drill down to invoices available
  • Supports multiple charts of accounts
  • Different accounting formats for subsidiaries and group companies e.g. UK GAAP, IFRS etc.
  • Multiple currencies can cope with historic rates
  • Group structures dependent upon time period
  • Actual, budget and forecast consolidations
  • Automatic eliminations and manual posting options
  • Standard consolidation reports are pre-installed with the application
  • Matrix reporting (consolidation of segments, regions etc.)
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If you're looking for a budgeting, planning, forecasting, and reporting process that is:

Reliable

Quicker

Resource-efficient

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Additional Applications

Corporate Planner can not only help with the financial consolidation process. Corporate Planner can also deliver other corporate performance management solutions, such as:

 

Monthly Management Reporting

Cost Center Budgeting

Staff Planning

Project Planning

Contact Us

If you have any further questions about our financial consolidation solutions, feel free to get in touch. Our team of experts would be more than happy to help you.

You can get in touch via our contact us form, send us an email, or call us on 01242 578966.