Messy eliminations and currency mismatches hurting your reports? PivotXL streamlines financial consolidation with precision and speed!
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Relevant Features For Financial Consolidation Software
Data Cubes will be prepared for your individual entity and master entity. As the trial balance data comes in, it will go to both data cubes.
Groupings will be defined in such a way that the intercompany accounts are left out so only the relevant roll-ups are set in for building financial statements
Custom scripts will be designed to convert local currency into reporting currency. Multiple currency exchange rates can be used for different different types of accounts. For example P&L Accounts can be converted at one rate and balance sheet accounts can be converted at another rate.
Report templates can be designed in Excel or dashboards. All the statements with key financial ratios will be calculated automatically. Reconciliation accounts can be prepared and shared with relevant stakeholders via shared dashboards or connected Excel Files.
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