CONSOLIDATION PROCESSING DOESN'T HAVE TO BE
A NIGHTMARE
MODULE
Consolidation
BNS works like a perfect building block. It combines individual parts and modules to make managing your company as easy as possible.
MODULE
Consolidation quickly and clearly
Are you one of those who need or even have to consolidate companies in a group? Are you tired of the difficulty of obtaining the necessary information of various kinds and are the finance departments of the parent and subsidiary companies overwhelmed? Plus, you know that the whole process is not only time-consuming, but also error-prone because the data is stored in different places and possibly in fragmented systems. You are painfully aware of how much you would need to retrieve it without unnecessary delays to support the ability to make quick management decisions. However, if you are consolidating manually, something like this is utterly impossible.
The Consolidation module will enable
Simplifying your work management life. It brings much needed speed, modelling support and flexibility. An indisputable advantage and a considerable time-saver is the clear navigation of the manager through the entire system. Without spending hours or even weeks studying all the reports, they are guided through the information exactly as they need at the time. Very handy is the option to choose automatic processes or manual data entry or editing. Especially in this context, the functionality of adding comments, for example on the company’s results, the market situation, etc. is appreciated. Comments can then also be reflected in key management reports. In the basic settings of the Consolidation module, you will find a total of 14 entities, but there is no limit to the actual number of entities. In short: BNS Consolidation can be “tailor-made”.
The Consolidation module is suitable when:
- for you, consolidation processing means data mining and endless manual searches.
- You want your financial specialists to be able to do the highest value-added work without wasting valuable time.
- You need a constant overview of the consolidated results, from the overall information to the details.
- It’s important for you to identify performance disparities early by analysing key financial indicators and taking corrective action as quickly as possible.
- You want to create consolidated plans in the future, which you will compare with the consolidated reality.
- You want the period of processing consolidations to be less of a nightmare for you, so that you can do them in a much shorter period of time for the whole group.
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Read the latest news from financial planning and BI data processing, as well as invitations to interesting events and webinars. We will send you inspiring content a maximum of 4 times a year.
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