Profitbase Consolidation helps companies deliver accurate group reporting – on time.
No surprises at the end of the reporting cycle
Up to date
Identify and correct intercompany differences immediately
- A flexible and efficient way of detecting differences in basic transactions
- Gain visibility into upcoming obstacles in your process and proactively resolve key issues before they bring your close to a halt
- Intercompany differences can be identified and corrected before entering the busy closing process
- Currency conversion of subsidiary’s local currency to group currency
- Summation of consolidated figures at group/subgroup level
No surprices at the end of the reporting cycle
Eliminate inevitable human errors from incorrect data entry.
- Experience greater confidence in the accuracy of the numbers
- Move away from numerous spreadsheets to a single version of the truth
- Seamlessly integrate multiple charts of accounts into a common group chart of accounts
Drill down to accounts and transactions
Prepare reports to meet your financial consolidation needs e.g., management and statutory reporting.
- Easy data integration for group reporting
- Financial statements are ready for review shortly after you have received relevant information
- Create and edit comments that disclose the assumptions made when preparing financial reports.
- Deliver reports to finance stakeholders, managers, line-of-business executives, and regulatory bodies
- Non-technical users can design and modify reports without assistance from the IT department
Want to know more?
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