The aim of the solution is to automate the construction of consolidated financial statements and support decision-making processes in capital groups.
The statutory consolidation process involves:
Opening a new consolidation case.
Inputting data through the portal.
Data and transfer checks.
Checking generated exclusion values using reports.
Manual corrections entry.
Generating consolidation documentation for companies.
Generating a consolidated report.
Users (subsidiary companies) have the option to input data in two ways: manually or using a tool that allows integration of the solution with external data sources. The solution implements grouping of consolidation forms. After selecting a specific form, the user inputs data into the appropriate cells, which are automatically saved upon completion. Forms can have different statuses (e.g., "Draft" - allows data input and editing).
Additionally, the solution offers a wide range of functionalities, including:
Easier data browsing and management.
Controlling changes made, with user identification.
Control lines to reconcile data between selected forms.
Comments on specific cells visible to all.
Data correctness checks, accessing information regarding individual data and mutual agreements between companies.
Ability to check the calculation process.
Information on cell impacts on other cells.
Consolidation exclusions - real-time calculations based on in-memory technology.
Generating consolidated reports.
Attaching files from external sources.
Exporting consolidation forms to MS Excel files.
