The all-inclusive Solver Suite consolidates information from any data source to provide a single source of truth.
Financial consolidation is a crucial process for multi-entity companies. It provides a unified view of the organization’s financial health, which enables informed decision-making and regulatory compliance.
Automating roll-ups for multi-entity organizations, particularly those across international borders, can boost efficiency and save time while mitigating the risk of manual errors. With financial data gathered and managed in one place, CFOs, CEOs, and other key stakeholders have access to reporting they need to make timely, strategic decisions.
Solver Suite, a cloud-based extended financial planning and analysis solution (xFP&A), connects to disparate data sources across the organization to provide one source of truth for streamlined and unified reporting and analysis. Currency translation, elimination entries, consolidation adjustments, and process management features are prominent in Solver’s modern, cloud-based xFP&A software solution. The solution also supports complex consolidation needs for multinational organizations with diverse charts of accounts and fiscal calendars.
Consolidation works seamlessly with the rest of Solver’s features, including planning, reporting, and analysis to create visibility and accelerate better decisions.
Check out examples of our xFP&A software in action or learn more from our Solver Template series (just filter by “Consolidation”). Contact us today about how our software can transform your business.
Enhance Efficiency with Solver Suite Consolidations
Better efficiency to drive smarter and faster decision-making is at the core of Solver’s consolidation. Our platform seamlessly integrates with ERP systems to streamline repetitive processes and ensure precise data for your consolidated financial statements. Consolidate any number of companies, automatically or manually eliminate intercompany transactions, and convert currencies for your data. You can also apply IFRS to GAAP adjustments and any other consolidation-related rules, including minority ownership handling and allocations.
With Solver, your company gets:
- Currency Translation: Automatically or manually convert currencies for efficient consistency and accuracy.
- Eliminations: Avoid manual journal adjustments to the source general ledger by quickly identifying and eliminating intercompany transactions.
- Adjusting Entries: Flexibly handle complex financial adjustments for reclassifications and other entries, even when dealing with large volumes of data.
- Process Manager: Save time by automating workflows and managing processes with a checklist of steps to complete standard consolidation tasks efficiently.
