Consolidation Software
Key to a faster closing, consolidation software solutions allow the consolidation and reporting processes within an organisation to become an integral part of the performance management cycle. Consolidation software should give users the ability to
- perform intercompany matching and eliminations
- define control groups between main accountsÂ
- define legal entities
- convert currencies and interest rates
- manage legal structures
- automatically generate reports
Consolidation software is essential for larger complex companies and is most efficiently implemented in companies when combined with other financial processes, like close, reporting and analytics.