Category: Finance

Consolidating financial results in a global enterprise is more than just rolling up numbers. It requires a software solution with the ability to support US GAAP, IFRS and other accounting guidelines while dealing with complexities such as currency translation, intercompany eliminations, journal adjustments and complex ownership structures. The solution must be able to integrate data from multiple sources, with completeness, accuracy and drill-back capabilities. To address global reporting requirements, the solution must be able to consolidate and report financial and operating results across multiple hierarchies including management, legal, tax and other roll-ups. And the entire process needs to be completed with speed and accuracy, with full audit trails and the appropriate internal controls.