Financial Consolidations

With the dominance of web based applications and the increasing focus on international accounting standards and reporting regulations, Taysols has seen a renewed level of attention on the area of consolidation.

What should a complete consolidation solution give you?

• A shared financial resource for all employees involved in financial consolidation and reporting.
• Ability to source data from multiple ERP and GL systems.
• Foreign currency translation and automatic inter-company tracking and eliminations.
• Advanced consolidation rules, eg. joint venture and equity accounting, minority calculations.
• Multiple views of your organisation, eg. legal, management, industry and geographic segment.
• Compliance with IFRS and local GAAP.
• Line items detail and audit trails.
• Reporting process control at each level of the organisation.
• Easy to use reporting and analysis tools.
• XBRL functionality.
• Low maintenance and administration cost.

Taysols has assisted many organisations across a broad range of industries develop and deploy EPM practices and enabling technologies, this especially includes financial consolidation solutions.

Contact us to find out more.