Exact Synergy Enterprise enables business users to consolidate and aggregate financial and operational data from various sources and locations to establish a single, integrated global view of business information across the organization in a swift and reliable way. It connects the people, processes and information that support financial consolidation and governance, auditing processes and assists with regulatory compliance.
Exact Synergy Enterprise financial consolidation provides the consolidated overview of the key financial figures of your enterprise. It facilitates financial reporting at the individual company level, group level and consolidated group level. It’s capable of consolidating different functional currencies and dealing with various accounting standards. It also works with various input sources and different kinds of ownership relations.
Exact Synergy Enterprise Financial Consolidation Business Benefits:
Rapidly identify problem areas such as underperforming products or business units
Use reporting processes that are supported by automation, workflow management and data entry validation
Easily measure actual vs. targeted performance
Achieve multi-level reporting as well as consolidation at multiple levels
Eliminate the broken processes and systems linked to manual data entry, late delivery from reporting units, a lack of validation and controls and poor integration with source systems
Every division can work with their own (legally required) General Ledger (G/L) account scheme
Seamless multiple currency integration and clear insight into translation differences
Generate consolidated Balance Sheet and Profit & Loss statements
Historical information is always maintained and accessible
Provides a forum for sharing knowledge and discussing issues, so financial information becomes an enterprise-wide initiative
Report multiple ownership entities by time period and make automatic adjustments for multiple ownership consolidation methods
Create a variety of income statements and balance sheets, including year-to-date current vs. prior year; current period; current period-to-date and more
