ENTERPRISE PERFORMANCE MANAGEMENT SYSTEMS
Prevero for Consolidation & Close
Data Collection for Consolidation & Fast Close
Many businesses have a growing number of entities requiring more complex intercompany transactions and often involving different currencies. That can make it very difficult to achieve a fast close and to keep tight control over the audit process. Variable accounting rules, inconsistent data structures and different languages can threaten the accuracy of information during data collection. With prevero 9 you can enjoy absolute transparency;
• You can close efficiently with full traceability, total reliability and higher levels of accuracy.
• You can deliver management and financial reports easily, quickly and with total confidence.
• You can reduce cycle times and increase productivity.
Automatic Upload for Speed and Security Even the most highly complex consolidation processes can be managed efficiently with our solution. Local data will be uploaded automatically via a web interface into prevero 9’s data entry forms ensuring a fast and secure method of data collection from different groups within the business.
Different data types can be used for Balance Sheets and P&L, Shareholdings, Intercompany accounts and these can be in local or transaction currencies, financial flows and analytical dimensions. This is ideal if you need to spread Budget information or a small amount of data for a subsidiary over multiple periods.
prevero 9 gives you a range of key advantages:
• Classic account balances can be managed and consolidated; dimensions can be managed for cost centres, cost units, profit centres and other areas.
• Individual entities within a group can carry out the reconciliation of intercompany transactions throughout the entire financial year, regardless of
time zone differences.
• All transactions are automatically matched, enabling you to focus exclusively on any major discrepancies that are detected.