Streamline your consolidation process.
How a consolidation software helps group finance teams?.
Software consolidation software is designed to simplify the process of financial group consolidation. It makes reporting of group numbers easier, it maps all general ledgers into one set of accounts and applies one set of governance policies to all financial data. There are various financial software available that automate single entry, double entry systems, intercompany reconciliations and currency conversions. However, each organisation has slightly different business processes.
A financial consolidation software built by finance teams for finance teams is best suited for a smooth and stress-free close to disclose process.
At AIS Consulting, we help financial functions manage complex global consolidation requirements using Gartner recognised, award-winning financial consolidation software – CCH Tagetik.
Why we feel CCH Tagetik is the Best Consolidation Software:
- Reduce human error: Moves your finance team from consolidating data on excel sheets
- Reduces stressful workload for finance teams: It comes pre-built with formulas and intelligence to automatically calculate specific tasks such as interest calculation and currency conversion.
- Enforces compliance with governance policies: Inbuilt policy controls and validation processes ensure that there is very less margin of error for group companies. This also reduces fewer exceptions in the final consolidation as most data is matched automatically.
- Improved Reporting: it moves your team away from doing the manual task of collecting the data and provides custom reports for the group CFO to visualise overall accounts, at the same time empowering them to drill down to the entry-level for a specific group company
Consolidation with CCH Tagetik takes days off your financial consolidation process.
EuropAssistance speed up their consolidation
Is your legacy financial consolidation system fit for purpose?
Look out for these signs that indicate that your consolidation systems might be ready to retire.
Which is the best consolidation system for UK Group Companies?
In this blog, we consider the various elements important in a good financial consolidation software.
The Health Check
Art of the Possible Workshop
CCH Tagetik Upgrades
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