ENTERPRISE PERFORMANCE MANAGEMENT SYSTEMS
Adaptive Consolidation
Cut time and resources spent closing and reporting with Adaptive Consolidation. With a real-time consolidation engine at the core, it includes journal entry management, inter-company eliminations, account re-classifications, and even collaborative close process management - all as an easy to deploy Cloud service.
Adaptive Consolidation, the premier Cloud-Based Financial Consolidation software, has been built on our proven financial modeling engine, with the easy-to-use Adaptive interface. Based on simple and intuitive rule definition, allocations are performed, inter-company eliminations generated, and consolidations finalised live - no batch jobs need to be run or processes submitted. Financial consolidation software enables users to drill down to explore details of consolidated figures.
Financial Consolidation Software
- Faster, more accurate Financial Consolidation, close and reporting cycles
- Know sooner how performance is tracking against expectations
- Improve visibility, audit and control with financial consolidation software
- Accelerate reporting cycles to internal and external stakeholders
- Comply with accounting standards and regulation
- Drag and drop, self-service reporting via the Web and Office
Partitioning of Actuals Data
- Partition Actual data for flexible categorisation, security
- Differentiate imported Actuals from adjustments
- View and report on rolled up Actuals from all sources with financial consolidation software
- Easily determine where Actual data came from
- Control what users can see and do with Actual data
Intercompany Eliminations
- Simplify with intuitive Elimination Rule Manager
- View intercompany eliminations in journal-entry format
- Improve data integrity with eliminations that are always in balance
- Flexible, date-effective rules for financial consolidation
- Monitor and manage intercompany eliminations in real-time
Minority Interest
- Automate controlling and non-controlling interest consolidations
- Quickly and easily define consolidation percentages
- Perform what-if scenario analysis of changes in ownership interest
- Support IFRS and GAAP ownership change reporting
- Enforce checks and balances by seeing everything in one place
Allocation Planning
- Simple, intuitive interface and rules instead of complex formulas
- Improve accuracy with allocations that are always in balance
- Streamline effort with the ability to manage rules in one place
- Date-effective rules, Financial Consolidation software that adapts to change
- Enforce checks and balances by seeing everything in one place
Multiple Currencies
- Reduce complexity of multi-national Planning and Reporting
- Integrate Actual data and Plan in local currencies
- Save time and improve accuracy with automatic conversion
- Use multiple exchange rate types, including historical
- Simplify with automatic Cumulative Translation Adjustment
Reclassifications
- Reclassify accounts when consolidating subsidiaries to a parent company
- Specify the time period, version, and which accounts and entities should be reclassified
- Easily accommodate changes to accounting guidelines
- Use Cell Explorer to drill into values and see both the original and reclassified accounts
Journal Entries
- Ensure that updates to GL account balances are balanced - no one-sided entries and debits must equal credits
- Determine who made changes to entries and when with audit trail reports
- Drill into account details, including journal entries, with Cell Explorer
- Export entries back to the GL
Process Tracker
- Define deliverables, assign them to users, monitor their status, and track their closure
- Expedite creation of repetitive processes like fiscal period close with the task copy function
- View up-to-the-minute process status, progress, and task completion with at-a-glance graphs
- Increase accountability, involvement, and collaboration in any process in your organisation