Profitbase Consolidation helps companies deliver accurate group reporting – on time.
Why use Consolidation
Accelerate your close
Better Closing Faster
Move from tedious manual steps to orchestrate the close process with greater control.
- Import data from multiple ERP systems in a timely fashion
- Reuse consolidating data in your planning process
- No more time spent on disconnected and complex spreadsheets, and manual efforts to gather and organize data
- Eliminate the inevitable human errors that arise from incorrect data entry
- Schedule automatic updates of input data
Continuous reporting and control
No surprises at the end
of the reporting cycle
Streamline the financial close process and simplify the task of providing certified financial information.
- Daily updates on intercompany trades
- Automatic reconciliation based on counterpart dimensions
- Drill down to accounts and transactions to match transactions between parties and identify errors
- Intercompany differences can be identified and corrected in the respective ERP system(s)
Process optimalization
Align your consolidation process
Coordinate and monitor the process with built-in workflows and status reporting
- Keep track of the progress of the consolidation process
- Monitor reporting progress depending on user access and reporting requirements
- Non-technical users can design and modify reports without assistance from the IT department
- Extend Profitbase Consolidation with business processes unique to your company
reporting
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Customers Success
Minimal support required
Our ‘Aha! moment’ happened when Kverneland Bil received an offer from Profitbase to help us further develop our technological development. The solution involved, among other things: collecting data from the various sources, compilation, quality assurance, and providing a set of reports for ongoing reporting. Complete overview and insight.
Profitbase has skilled people who know what they are doing. In the past, we used to spend two or three weeks on this type of work. Now we have all the information available, and can get this done in ten minutes.
Previously, it took a lot of time and human labor to produce the results that the Financial Reporting Matrix can do in just a fraction of the time.
Profitbase is pleased to announce that Solstad Offshore has chosen to use the Profitbase Risk Management solution to safeguard its assets
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