Adaptive Consolidation What is it?
Adaptive Consolidation allows you to perform a full statutory consolidation of your monthly accounts. It has currency translation, inter-company eliminations, standard and ad hoc consolidation adjustments, journals and full reporting capability.
What does it do for you?
Speed up month end
Adaptive consolidation will speed up your month end – just at the point when time is most precious.
Automate the process
Adaptive Consolidation will automate your data load and reload from your GL, regardless of the number of source systems. It enables automatic currency translation with Currency Translation Adjustment (CTA) as standard. The Inter-company balancing process allows complete visibility of inter-company imbalances with drill down. This allows you to gain control of this time critical task. Adaptive also provides auto elimination of inter-company balances according to your business policies.
Recurring and ad-hoc journal entries allow for further management adjustment, along with automated calculation and adjustment for minority interest.
The consolidation results are fully integrated with Budget and Forecasts. This allows for easy reporting of actual against budget, and to analyse results with Constant Currency reports to eliminate the impact of FX movements. OfficeConnect provides the ability to create management accounts packs and statutory reports. All with the ability to include Notes to Accounts and commentary in Excel, Word and Powerpoint.
Media Section: Videos
Fast accurate consolidation of results
Upload and integrate data from any source
Multi-currency; Inter-unit elimination; automated CTA
Use actual, budgets, forecasts
Enter journals, track processes
Simple to use, fast, effective consolidations
Unlimited currency rates and versions
Automated translation at appropriate rates
Automated CTA with reports to analyse and prove the value
Constant currency reports to analyse the impact of FX movements
Allocate costs amongst divisions
Define and automate your business rules
Gain a true view of profitability
Collaboration & Workflow
Manage consolidation across sites and timezones
Instant up to date view of task progress to deadlines
Collaborate with colleagues online
Incorporate attachments and notes directly
Drill down to Actual transactions
Online analysis of report balances
Automated load direct from your GL