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Financial Aggregation vs Straight Aggregation
Straight aggregation engines are not designed for the complexities of financial consolidation, currency, eliminations, consolidation status, cash flow, and entity adjustments that only apply to specific hierarchical roll-ups that can be critical for true statutory reporting compliance. It doesn’t mean that you can’t solve some of these problems with a straight aggregation system, the question is, how agile is it, how easy is it to maintain and what is the cost and sustainability of your end solution?