We have considerable experience in the Consolidations area. We recognize that the period of closing the books is a difficult one.
In coming up with the design for the implementation of the Consolidations module, we take a holistic approach. Tasks that can be moved to the ‘Pre-Close’ period are considered and moved ahead. We assist our clients in building a stream lined process for the daily/monthly close function. Our goal is to ensure that the system facilitates the process.
Amongst other requirements, Business groups want to:
see their numbers with and without eliminations
make adjusting journal entries as required either in ECC or R/3 or in BCS or BPC
make consolidating entries for ownership scenarios
At the same time, corporate groups have to create daily ‘flash’ reports of consolidated data. At quarter end, the close becomes even more critical. Time is of the essence!