Controlled Business Data with Performance Canvas
Shorten your close process time to less than half of what it used to be. Be in control of your business data instead of letting your data control you.
Issues:
- Do you experience so many errors in your spreadsheet-based consolidation?
- Do you lack stringent controls and detailed audit logs in your consolidation?
- Do you struggle with the costs of obtaining a consolidation software?
View-based Consolidation Structure with Performance Canvas:
- With Performance Canvas, you can now add stringent controls, process-driven workflow, and detailed audit logs to your financial consolidation efforts.
- Performance Canvas allows you to automate the collection and consolidation of your data from general ledger systems, ERP systems or Excel Spreadsheets in order to have a more accurate and traceable information.
- You can easily create views that are more reflective of the current structure of your business and make as many roll-ups as you need such as by entity, by activity, by account.
- You can now consolidate data from various business perspectives and structure versions. You can support multi-currency reporting, multiple entities, and inter-company eliminations.
- This automatic consolidation feature of Performance Canvas ensures that all the changes such as last minute updates in spreadsheets, merger, or any other change is fully incorporated.
- This solution will not only give you a unified tool, it will also allow your company to easily comply with reporting standards and regulations.
Benefits of Performance Canvas Consolidation:
- Unified Interface
- Easy to understand and use workflow
- Modernized approach to financial consolidation
- Reconciliation between management and statutory consolidation
- Multi-currency, Multi-entity support
- Improved Intercompany Eliminations
- Support for simple and complex ownership hierarches
- Improved Traceability
- Multiple Consolidation methods
- Fastest deployment in the market
