Automating the Financial Consolidation Process Financial reporting and consolidation is often a manual, time consuming and potentially error prone process in most companies. With Companies Act 2013, it has become even more important to evaluate and implement systems and controls for preparing Consolidated Financial Statements. Companies should seriously evaluate the possibility of automating their process for financial reporting and consolidation: As it is mandatory to provide consolidated financials as per regulatory framework To ensure data consistency between internal MIS statements and other financial statements For Legal consolidation as per the shareholding structure For speeding up time consuming manual process in completing statutory audits and preparation of final consolidated reports For standardisation of multi-geography reporting (e.g. Sch VI, US GAAP, IFRS etc.) For having one unified
BeyondSquare Solutions is an IT products company founded to bring about innovative FinTech products and solutions for the finance & accounting office. BeyondSquare’s flagship product, FinAlyzer acts as a catalyst for CFO reporting in multi-entity organizations, covering integrated group reporting, legal & management consolidation & segment wise profitability reporting. It effortlessly converts financial data to actionable insights.