Medium to large corporate businesses still require sophisticated reporting – especially when your company owns several entities from various locations. Complicated financial reports and multiple KPI dashboards are essential for decision making.
With the complexities of creating accurate financial reports, you then realize the need for an automated financial consolidation which can analyze complex figures and consolidate all your data into an accurate financial overviews.
So you can see the entire picture of your finances and reduce about 90% of your consolidation process. Your financial team can save time and can focus on other areas.
Here are some tips for choosing the perfect financial consolidation tool for your company:
- If you’re working with hundreds of entities in a corporation, or having multiple ERP systems with complicated consolidation processes – then consider a financial consolidation tool that can connect all the of systems together and incorporate the data in one dashboard overview.
- It’s not enough to have just a reporting solution – a complete financial consolidation tool must have the ability to do budgeting and forecasting as well. Let’s add in AR/AP Analysis and Cashflow planning too.
- Even better, a complete consolidation tool should also do the following advanced LEGAL processes:
- Multi GAAP, IFRS
- Intracompany Automation
- Intracompany Matching
- Currency Automation
- Minority Interest
- Complex Ownership
- Ownership Simulation
- Currency Simulation
- If all of these processes takes you months to get results, then consider a finance tool that can do all of these processes in minutes.
If all of these sounds too good to be true, then you have not seen pcLEGAL yet. We guarantee that you will believe just how powerful a tool it can be.
DSPanel offers cutting edge technology platform for business analytics, planning, and visualization. DSPanel designs, builds, and operates with the end users in mind. Performance Canvas was created by DSPanel to answer the unarticulated needs of the market not addressed by previous available solutions. With Performance Canvas, information is transformed into valuable business insights for the business executives to utilize in their decision-making process. DSPanel currently has over 2500 organizations deploying their solutions.
