Manage your Financial Performance and stay in control with this powerful solution

Consolidation processes usually require sourcing and mapping of data from multiple systems/ERPs into one Group Chart of Accounts. Typically, a variety of outputs are also required, including Management Accounts, Board Packs and Statutory returns and disclosures.

Our Consolidation Solution is designed and built by Accountants, for Accountants, to meet these requirements. It gives you a high degree of automation and control in respect of repetitive consolidation tasks combined with the flexibility to easily adapt your reporting model as your business changes. With support for an unlimited number of dimensions and hierarchies, our solution allows you to consolidate not just across companies, but also products, markets, customers, locations or any other relevant business dimension.

BENEFITS

 

Tighter control of the reporting process

  • Manage assignments, timelines and version handling via the Admin tool
  • Create roles and access control in a true multi-user environment
  • Eliminate time consuming and repetitive manual steps

Reduce Risk

  • Reduce the risk of error associated with spreadsheets
  • Automate financial close/consolidation processes
  • Use business logic to ensure precise calculations, allocations etc

Meet Multiple Requirements in one solution

  • Manage one data set to produce separate formats for multiple audiences
  • Meet Statutory and Regulatory compliance requirements

Easy to change/modify as required

  • Easy to add new entities, dimensions, data types
  • Modify reports with easy to use Excel interface

Reduce Costs

  • Reduce time, cost and effort associated with consolidation
  • Free up time for value-added analysis

FEATURES

 

Manage multiple companies

  • Consolidate as many companies as you need – support for multiple hierarchies/structures
  • Intercompany Matching and Elimination – at Group or Sub-Consolidation level
  • Support for any complex consolidation requirements, minority shareholdings etc

Process reports and journals fast and efficiently

  • Flexible Journal processing and reporting with Dr/Cr logic
  • Simple export option to send journals back to ERP if required

Currency conversion

  • Powerful currency conversion options
  • Easy to produce constant currency financial statements

Multiple outputs from one system

  • Unlimited Report Formats/Layouts – using the familiar Excel based report writer
  • Manage GAAP/IFRS adjustments and reconciliations
  • Support for Report Packages – grouped and scheduled distribution of reports in Excel, PDF etc

Put your Finance team in charge

  • Data mapping and conversion tools – managed by Finance personnel, not IT
  • All administration and report writing – managed without IT department

Other Corporate Performance Management Solutions from Ciall:

Budgeting

Streamline your Planning & Budgeting process.

 

Reporting

Integrated, intuitive and attractive Reporting.

 

Data Warehouse

Centralise, consolidate and simplify your data.

 

Talk to Us

At Ciall we’re always happy to help.

Let us know if you have any questions regarding our Consolidation solution, or if you would like to request a free consultation for your company and one of our Consultants will get in touch with you.