Providing a unified view of financial performance across an entire group is a complex, tedious and time-consuming task for finance. Separate financial statements from subsidiaries, mergers and acquisitions, foreign currency translations and intercompany transactions add additional complexity. So it is not surprising that many organisations spend huge amounts of time and resources producing consolidated financial statements each year. With a SKS Financial Consolidation solution you reduce manual work, accelerate statutory reporting and empower internal stakeholders with the information they need, when they need it.
Statutory consolidation and management reporting for fast, agile and connected finance
Jedox Financial Consolidation automates complex consolidation measures and reduces the time groups spend on creating audit-proof external and internal financial reporting. The pre-built application model is highly configurable to meet local and international reporting standards such as IFRS, US GAAP, country GAAP or other specific requirements.
Flexible management reports and KPI analytics can be leveraged by finance for group reporting and by other business functions for self-service analytics.
Improve the speed and accuracy of your financial consolidation by automating the collection of data from multiple subsidiaries and joint ventures that may have different general ledger systems and charts of accounts.
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Key Features
- Manage complex group consolidation
- Streamline data collection and validation
- Accelerate data preparation
- Automate consolidation measures
- Comply with external reporting requirements
- Gain transparency and insight
Integrated Financial Consolidation, Planning and Performance Management Jedox Financial Consolidation is a pre-built solution and part of the Jedox software suite for integrated Enterprise Performance Management. All Jedox Models for Financial Planning and Analysis, Sales Planning, Workforce Planning and more enable users to quickly configure integrated performance management solutions for a fast return on investment. With powerful Jedox platform tools Jedox users also enjoy an unrivalled flexibility to design solutions for their unique business requirements.
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