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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.