Consolidation
With BrightAnalytics, consolidated reporting becomes a piece of cake. With the click of a button, IC transactions are eliminated, consolidation entries can be made and participations can be eliminated. Our consolidation app will get an upgrade! Specially designed to optimise your financial management and simplify consolidation processes.
Streamline and accelerate financial consolidation
- Automated consolidation bookings including intercompany, deferred taxes and minority interests, streamline the process and ensure accuracy.
- Automated equity consolidation
- Automated multi-currency translations
- Utilise a separate IC matching module for enhanced accuracy in intercompany transactions.
Adaptable, reliable and versatile
- Enable multiple consolidation circles for diverse reporting needs
- Perform multi-GAAP and IFRS adjustments for comprehensive financial reporting
- Customisable consolidation intervals, whether yearly, quarterly, monthly, YTD or other
- Utilise consolidation entries across multiple circles effortlessly
- Utilise health checks to monitor and manage changes effectively, ensuring data reliability
User-friendly and intuitive
- Easily configure and access predefined views for simplified usage
- Same mappings and structures from Management reporting
- Drilldown to the invoice level
- P&L, B/S, cash flow statement and ratios
- Consolidated budget functionality
Consolidation
IC elimination
Our consolidation tool seamlessly identifies intercompany entries by leveraging flagged data showcased in the IC reconciliations app. These entries are automatically processed and recorded per relationship across various consolidation groups, ensuring precise and efficient financial consolidation.
Multi-currency
- Automated currency translations
- Make sub-consolidation in currencies different from group currency
- Use historical exchange rates for specified GL accounts
Automated consolidation bookings
- Deferred taxes impact
- Minority interests
- Essential entries conforming to legal consolidation methods and aligned with management consolidation practices.
Transparency and traceability
- Trace every amount via the drilldown till the lowest level
- Comprehensive audit logs
- Limit and manage access via role permissions and data limitations
- Approval permissions
Equity consolidation
- Consolidate equity via automated flagging
- Goodwill automatically calculated
- Option to amortise it over selected periods.
Let’s make your data talk. BrightAnalytics has 250+ integrations.
- Connect all types of applications, both accountancy and ERP and CRM.
- The resource can be online, on premise or even a spreadsheet.
- Any number of applications can be combined on the platform.
FAQ
Below you’ll find answers to commonly asked questions about our consolidation app. If you have a question that isn’t addressed here, feel free to reach out to us directly for assistance.
- Vad är BrightAnalytics?
BrightAnalytics är den mest intuitiva, pålitliga och snabbaste hanteringen av rapporteringsplattform som täcker alla behov av ledningsrapportering och konsolidering.
- Måste mitt paket vara ett molnpaket?
Nej, ditt paket behöver inte vara ett molnpaket. BrightAnalytics länkar till paket från molnet, på servern eller till och med Excel-filer.
- Hur fungerar BrightAnalytics?
- Anslut: BrightAnalytics ansluts till redovisnings-, ERP- och CRM-system och centraliserar all data i BrightAnalytics-plattformen.
- Rapportera: Standardmallarna i BrightAnalytics är omedelbart redo att användas, men kan anpassas helt och hållet för att passa ens behov.
- Analysera: Ledningsrapporter och instrumentpaneler erbjuder en mängd information och ger omedelbart en tydlig inblick i siffrorna för hela organisationen.
- Engagera dig: De tydliga rapporterna bidrar till en effektivare affärsstrategi och ett bättre genomförande och säkerställer transparens inom företaget.
- Kopplar BrightAnalytics med mitt paket?
På sidan https://www.brightanalytics.se/integrationer/ du hittar en lista över alla våra integrationer.
See this app in action
- Request a demo
By leaving behind your details, you will be contacted for a personal demo explaining the consolidation app.