FLEXSYSTEM CONSOLIDATION
FlexSystem Consolidation System (“FCS”) is professionally designed to comply with national and international regulations for any MNC with having lot of controlling subsidiaries and non-controlling interests across continents and currencies.
BENEFITS
Capability to collect data from disparate systems’ Trial Balance, Transactions or Reports
Shorten the entire consolidation cycle with more secured accuracy
Flexible mapping sets and rules for Intercompany eliminations, foreign currency translations
Rapid transaction data aggregation and transformation by our technology
Capability in foreign currency exchange and currency translation adjustment
Drill-down into Consolidation Process and Results,
enables users to detailed data source tracking
Risk and error-reducing benefitted from the automated consolidation process
COMPREHENSIVE FEATURES
FLEX
CONSOLIDATION
FEATURES
- Implements comprehensive consolidation and equity method of accounting
- Provides rich and detailed system log for supporting IFRS & GAAP Compliance
- Handles multiple exchange rates
- Consolidates multi-level sub-groups
- Caters different Charts of Accounts
- Adapts different financial periods
- Eliminates inter-company transactions
- Transforms data from different sources in different formats and natures, e.g. transactions, trial balance and reports
- Validates files and data to prevent problems from upstream
- Equipped with audit trail and checking tools