Financial Consolidation
Insight into and control over your entire financial situation
With Exact Consolidation, you can consolidate the financial data from various entities, branches, or companies into a single centralized environment. This provides you with a single, reliable source for all your financial reports and gives you quick insight into the organization’s performance from various perspectives. In addition, the solution supports organizations with ESG reporting and provides a complete audit trail, ensuring that important changes are always transparent and traceable.
Faster Reporting with Reliable Group Figures
With Exact Consolidation, you can streamline the consolidation process and reduce the time required to compile financial results at the group level. Intercompany transactions can be easily processed, and consolidations are performed automatically based on predefined rules. This allows you to work more consistently and reduces the risk of errors caused by manual work.
The solution helps organizations prepare financial reports for multiple entities, currencies, and accounting systems. Thanks to standardized processes, finance teams have access to up-to-date figures more quickly and can devote more time to analysis, forecasting, and strategic decision-making. This results in a more efficient closing process and a stronger foundation for financial management across the entire organization.
Who are our customers?
We work for the following clients, among others. Here is a selection of organizations that rely on our expertise.
Greater control over financial consolidation and group reporting
With Exact Consolidation, you can automate the consolidation of financial data from multiple entities, giving you access to reliable consolidated financial statements more quickly and reducing the time spent on manual consolidation.
Consolidate financial data from multiple companies and accounting departments
Process intercompany transactions and consolidation entries more efficiently
Support consolidations for organizations that use multiple currencies
Speed up monthly, quarterly, and year-end closings
Gain faster insight into group results and financial performance
Reduce errors by automating manual consolidation tasks
Support financial reporting and ESG reporting
Ensure full traceability with a comprehensive audit trail
Greater Control Over Financial Consolidation
With Exact Consolidation You streamline the consolidation process and gain faster insight into the financial performance of the entire organization. By efficiently processing financial data from various entities, you have access to reliable figures and free up more time for analysis and decision-making.
The Benefits of Exact Consolidation
- Faster insight into results at the group level
- Fewer manual tasks and fewer errors
- Consistent reporting across multiple entities
- Shorter monthly, quarterly, and annual closings
- Better support for financial analysis
- Support for ESG-related reporting
- Greater reliability and consistency in figures
- Full traceability via an audit trail
Discover the modules of Exact Consolidation
Exact Consolidation offers a range of features that help organizations prepare reliable consolidated financial reports. From collecting financial data to processing consolidations and analyzing results: all steps are integrated into a single solution.
Data Collection
Collect financial data from various entities and accounting systems in a structured and uniform manner.
Intercompany Eliminations
Process intercompany transactions efficiently to ensure accurate consolidated financial statements.
Currency Conversion
Support international organizations by automatically converting financial data into the desired reporting currency.
Consolidation Processes
Automate recurring consolidation steps and reduce manual work in the closing process.
Group Reports
Compile financial reports at the group level and gain insight into the performance of the entire organization.
ESG Reporting
Support sustainability and compliance requirements by centrally recording and reporting financial and non-financial data.
Audit Trail
Keep track of changes and consolidation steps with full traceability within the reporting process.
Analysis and Dashboards
Gain faster insight into trends, anomalies, and financial performance with clear analyses and reports.
More time for analysis, less time for consolidation
When an organization consists of multiple entities, compiling reliable consolidated reports often becomes more complex. Exact Consolidation helps financial teams consolidate data in a structured way, ensuring that reports are prepared more consistently and that key information is available more quickly.
Standardizing consolidation processes provides a clearer overview and reduces reliance on manual tasks. As a result, finance departments can focus less on gathering data and more on analyzing results, identifying variances, and supporting strategic decision-making.
Discover all the benefits of Exact Consolidation!
In the brochure, you can read all about the software's features and capabilities.
Curious to find out what this solution can do for your organization?
With the right solution, you’ll work more efficiently, save time, and get more value out of your business software. Our consultants are happy to help you find the best approach.
Request a demonstration or contact us for personalized advice.
Linda de Boer – Dijkgraaf
The Right Partner for Exact Consolidation
A successful consolidation process requires more than just the right software. At Alistar, we help organizations set up and optimize their consolidation and reporting processes so that Exact Consolidation aligns with your organization’s structure, workflows, and reporting needs.
With Alistar, you'll enjoy:
- Experience with Exact Consolidation implementations
- Advice on consolidation processes and financial reporting
- Support in setting up consolidation rules and reporting structures
- Support for integration with existing financial systems
- Support for User Adoption and Process Optimization
- A dedicated Exact partner that continues to provide support even after implementation
This is how you get more out of Exact Consolidation and lay a solid foundation for reliable group reporting and financial decision-making.
Alistar
Frequently Asked Questions
See below for the most frequently asked questions about Exact Consolidation, ranging from financial consolidation and reporting to compliance and analysis.
Can Exact Consolidation consolidate data from different ERP systems?
Yes, Exact Consolidation can centralize financial data from various sources, allowing organizations to prepare consolidated reports without having to bring all entities into the same ERP system.
How does Exact Consolidation handle intercompany transactions?
The solution supports the elimination of intercompany transactions and balances between group companies, thereby preventing double counting and ensuring that the consolidated figures remain accurate.
Is Exact Consolidation suitable for international organizations?
Yes, the software supports consolidation for organizations with multiple entities, countries, and currencies, making it easier to prepare international group reports.
Is it clear which user made the changes?
Yes, Exact Consolidation has an audit trail that allows changes and adjustments to be tracked and traced.
Can adjustments be processed retroactively without having to repeat the entire consolidation process?
Yes, changes and corrections can be incorporated, while maintaining transparency regarding which adjustments were made and how they impact the consolidated figures.
How does Exact Consolidation help with financial audits?
Thanks to the audit trail, changes, entries, and consolidation steps are fully traceable, making it easier to provide supporting documentation during inspections and audits.
Does Exact Consolidation support consolidation in accordance with various accounting standards?
Yes, organizations can prepare reports in accordance with the reporting guidelines that apply within their organization.
Can Exact Consolidation manage multiple consolidation scenarios simultaneously?
Yes, it is possible to use different scenarios for, for example, budgets, forecasts, and actual figures.
How are currency differences handled within international groups?
Exact Consolidation supports currency conversions and helps organizations account for exchange rate effects in consolidated financial statements.
For which organizations is Exact Consolidation particularly useful?
Exact Consolidation is particularly well-suited for organizations with multiple entities that require efficient consolidation, reliable group reporting, and greater insight into financial performance.
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