Close the Books Faster, With Control and Confidence

Financial consolidation is a critical foundation of any organization's performance management activities. Finance—the world's fastest statutory consolidation and management reporting solution—provides CFO offices with the processing power, agility, and breadth of analysis needed to complete financial consolidation and reporting cycles faster. Finance gives you full process control and data transparency, allowing you to simulate unlimited scenarios that address all of your performance management reporting requirements.

Accelerate Processing and Reporting for a Faster Close

With processing speeds up to five times faster than other solutions, our Finance solution helps you recover critical time in your closing and management reporting cycles—without sacrificing any of the controls or auditing you need for today's global compliance environment.

Unrivaled Processing Speed
Due to patented database processing technology, when it comes to improving closing-cycle times, Finance has no equal. All calculations and consolidations occur in the database, and Finance leverages investments from Microsoft and Oracle to provide industry-leading processing times. This enables your organization to close faster and make trusted corporate financial information available more quickly to all of your stakeholders—improving decision-making and market visibility.

Simultaneous Legal and Management Reporting Views
Finance combines legal and management reporting structures into one process, creating a unique capability to consolidate and directly compare all possible views in one integrated data model. This definitive view ensures a single version of the truth, without the tedious and low-value task of reconciliations—allowing you to focus on more valued-added, business-improvement activities. Our integrated data model also enables you to perform side-by-side, what-if simulations for your company's key growth initiatives, such as organizational changes and mergers and acquisitions (M&As).

Performance Without Compromise on Audit Trail
Auditing and control is at the foundation of this financial consolidation and reporting solution. All processes run with a detailed audit trail providing full traceability, yet without hurting the product's industry-leading performance. This robust functionality and performance ensures that your CFO office achieves fast close initiatives without losing the details your company needs to comply with all global reporting and regulatory requirements.

Power and Agility

Finance combines the power to unify all legal and management reporting needs with the agility to blend corporate control with local flexibility. This combination gives your organization the controls it needs to deliver trusted information to all stakeholders—yet allows all divisions and operating units to run operations in a way that makes sense to their business.

Superior Dimensionality and Extensible Data Model
With Finance, you gain the breadth to analyze data in any way you may conceive and the flexibility to expand the application beyond traditional financial reporting for true unification of legal and management reporting. You elegantly handle new business requirements—such as collecting products, brands, customers, channels, cost centers, or tax elements—all while maintaining full traceability of the accounting information. This flexible data model ensures application scalability, enabling your organization to scale up to meet new requirements as its growth demands.

Unlimited Simulations
Whether you're dealing with M&As, reorganizations, divestments, multiple generally accepted accounting principles (GAAPs), or currency exposures, Finance enables a typical user to achieve new consolidated projections in very little time—ensuring your CFO's office can optimize reporting times while simulating and executing on future plans.

Financial Intelligence for Faster, More Flexible Reporting
Finance has built-in rules logic that automates consolidation entries—opening the way for faster close cycles. You can easily set up currency translation adjustments, minority interest and equity calculations, intercompany reconciliations, and automatic cash flows, using a standard user interface and intuitive wizards that don't require programming skills.

Because the solution understands the life and challenges of finance departments, it's able to handle multiple reporting channels with different charts of accounts, different account flows, or analysis dimensions over time. It also manages the retention of past reporting frameworks—your company's finance professionals can safely adapt to ever-changing financial needs without having to copy and paste, rebuild, or destroy previous reporting scenarios.

Compliancy, Trust, and Reliability

During the past 17 years, we've established trust in supporting the financial reporting processes at some of the world's largest companies, including Air France KLM, AXA, Diageo, Nissan, Cargill, and Standard Life. Our Financial Governance solution now allows companies to implement financial disclosure policies completely and from a single performance management solution.

Intelligent Control and Comprehensive Process Management

Data coming into our Finance solution is intelligently checked and filtered based on the reporting framework and rules defined by your central finance team. Examples of automatic checkpoints include GAAP presentation, required information breakdowns, starting dates, and end dates. Intelligent checking and filtering ensures data quality at every level of your corporate reporting cycle.

The validations and controls in Finance ensure incoming information is timely and in the expected format—and also that it makes sense, is consistent, complete, commented appropriately, and goes through the right approval process.

Real Audit Trail From Source to Disclosure
Using simple, standard reports, Finance provides a transparent view of accounting data, from source to disclosure. System-dedicated dimensions—such as flow, audit ID, ledger name, journal entry number, and geographical origin—automatically feed the audit trail, revealing precise accounting movements and postings, whether manual or automatic. With such accuracy and insight into the consolidation steps, your central finance team can investigate and verify every figure from local currency submissions, segmental or geographical breakdowns, and consolidation adjustments.

Comprehensive Data Access Security
Beyond secure authentication and granular functional rights management, Finance also provides optimal data confidentiality and access control. This security framework permits thorough data access definition down at the dimensional-value level for tight control of every number, activity, and process.

Transparent and Auditable Change Management
With the enforcement of compliance regulations around the globe and intense scrutiny on internal controls, auditors require full transparency and proof of the change management process. Finance tracks all maintenance activities (such as adding an account or user) and automatically generates log trails with author, date of creation, and modification. An event log provides an additional overview of any action performed in the system, enabling system managers to document and describe all changes. These tracking and audit capabilities allow full retention, integrity, and history of all operations and changes, reducing compliance risk and significantly lowering the cost of maintenance and auditing.