BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

I have consistently observed that my friends from Finance are working during the times that most others are on vacation. This is especially true during quarter and year ends. Financial Consolidation can get quite complex, and the process of consolidation could be quite manual, even in many large organizations. The CFO’s goal is undoubtedly to push for faster and accurate close cycles. Many of the issues I am listing below are common to most organizations I have had the opportunity to observe and interact with: The organization has grown through mergers and acquisitions, and the subsidiaries use disparate accounting systems and ERP’s, and thereby have different chart of accounts Massive co-ordination exercise with the various organizational entities to get data on time for consolidation Inter-company transaction reconciliation and elimination is a nightmare Foreign currency translation Multi-level entity hierarchy makes the consolidation complex Minority interests and goodwil