Financial consolidation

Streamline and strengthen your financial consolidation process

Unit4’s consolidation solution provides an efficient and user-friendly way to implement your statutory consolidation process. It helps you consolidate budget figures and connects all users in one single system, wherever they are in the organization.

Those still using legacy systems will struggle with financial consolidation, creating yet more manual work for internal finance teams. We ensure public reporting requirements for consolidated financial statements of balance sheet, profit and loss statement, cash flow, and more, are fulfilled.

Unit4 Financial Consolidation includes reporting functions as well as a dashboard designer for a clear visualization of figures and reports.
Moreover, it also supports you with practical features for easy in-depth analysis:

Automated data import from various source systems and web-based data entry.
Customizable and multi-lingual application.
Built-in process for the prior reconciliation and approval of intercompany transactions based on functional currencies.

Predefined consolidation process with automatic aggregations and eliminations.
Currency conversion based on selectable exchange rates calculations.
Supporting both IFRS and local GAAPs.
Clear consolidation workflow with status monitor, consolidation rules and role-specific tasks.
Audit trail and automatic consolidation process including journalization and drill-down capabilities.
Production of consolidated financial statements; IFRS reporting template, including predefined disclosures and cash flow statements.
Integration of charts, graphical analysis and dashboards.
MS Office integration to transfer your data to Word, Excel or PowerPoint.

Full solution overview