Financial Consolidation

Financial consolidation in SAP BPC

Financial consolidation without appropriate software and methodical support can be enormously stressful and resource-demanding task, both for the holding company and its subsidiaries. With our solution implemented in SAP Business Planning and Consolidation, you can significantly speed-up your closing cycles while meeting all financial reporting and legal requirements, including a complete audit trail.

Key features

  • Preparation of individual and consolidated statements and disclosure reports according to IFRS, US GAAP or legal standards on quarterly or monthly basis.
  • Individual data and notes collection through imports, manual inputs and double-entry adjustments / journal entries. Automatic transformation of local accounting data with calculation of balance sheet flows, cash flow and other.
  • Currency translation with FX difference calculations.
  • Intercompany reconciliation – optionally in transaction or account detail with automatic pairing mechanisms.
  • Elimination of all intercompany transactions.
  • Calculation of non-controlling interests.
  • Automated financial consistency checks (statements vs. notes, balances vs. flows, local accounting values vs. reported values and other).
  • Intuitive user interface requiring no extensive training or support of the subsidiaries. Advanced reporting and analytical features allowing quick and easy data analysis and problem solving.
  • Robust, high-performance back-end enabling simultaneous access of tens or even hundreds of companies.
  • Workflow management support, including step-by-step guidance of the users, email notifications, process execution monitoring and multi-level approval and data locking mechanism.

Key benefits

  • Faster and more accurate closings meeting IFRS and legal requirements.
  • Lower costs per consolidation cycle for the holding companies as well as for the subsidiaries.
  • Security – full control over individual access to data.
  • Transparency – complete audit trail of data and system changes, monitoring of the consolidation progress, transparent structure of data with tracking of data sources and automated financial checks.
  • Business-user orientation of the application allowing users to make common methodical changes and solution enhancements without IT or external support, thus increasing user engagement and lowering operational expenses.
  • Methodical support and guidance from our consultants with sound financial background and experience from numerous large-scale implementations.