Consolidation is the process of taking data from different systems and formats, and combining it into an integral whole. By doing this, the existing infrastructure becomes more transparent, more flexible and easier to manage.
Close the Books with Confidence
Today's corporate officers are held to higher standards of accountability than ever before, even as their businesses grow more complex and stakeholders demand faster access to accurate results. We help you and your department close the company's books quickly and confidently in this challenging environment.
Our solutions enable you to quickly collect data from operating units around the world, even when these locations have disparate general ledger systems, charts of accounts, and ERP systems. Data is consolidated in line with local and international requirements - such as GAAP, Sarbanes-Oxley, and IFRS - and is stored in a single database, ensuring that everyone works with the same set of numbers, accessing data from an Excel or web interface. Any changes are made in this central location, resulting in greater control and confidence in the numbers. Data can be compared with budgets, plans, and forecasts which improves business performance management insight. With detailed journal and audit capabilities, our applications provide financial reporting transparency to satisfy both internal and external auditors alike.
Related solutions: IBM Cognos TM1 , Infor PM |
