Financial consolidation is riddled with complexities across multiple legal entities, account structures, intercompany eliminations, currency translations, and changing regulatory requirements. With Anaplan US GAAP consolidation, you can speed the financial close with a single platform that connects across your statutory and management reporting, budgeting, planning, and forecasting processes—all while complying with US GAAP standards.
The Anaplan Group Consolidation dashboard provides a comprehensive view of the consolidation process at any point in time. From the initial group preparation to the entity-level data collection and validation process, and from intercompany matching tasks and consolidation entries all the way to the consolidated financial reports, the dashboard guides business users through the various steps of the business process.
The Financial Tracking Close dashboard allow the Financial Controller to go through his monthly steps from trial balance upload to financial statement reporting. This allow the user to get warnings on intercompany matching, balance sheet controls as well as workflow completion.
The Anaplan Financial Consolidation app allows group-level business users to closely monitor the data collection process at the entity level. Map view and color-coded control and workflow functionalities provide the consolidation team with instant visibility on where each entity is in the data collection and validation process and what the errors are.
Anaplan's peer-to-peer intercompany reconciliation functionality allows business users at local level to address intercompany mismatches without requiring the Group consolidation team to be involved
Anaplan can report on the contribution of the consolidated income statement by lines of business.
Anaplan calculates automatically equity pick and the detailed calculations can be retrieved in the dashboards
Automate every steps of the US GAAP consolidation, from data import to adjustments, eliminations and currency translation, all the way to reporting—all on a real-time connected platform that fastens the consolidation cycle and close process
Flexible management of the entity or account structures and powerful multi-dimensionality support effective management reporting and reconciliation between statutory and management consolidations
Enhanced integration between statutory, management and tax consolidations with a single version of the truth. Ability to integrate across multiple functions on a single consolidation platform.
Ease of configuration and administration in a cloud environment shorten implementation cycles and increase user-adoption.
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Automate every steps of the US GAAP consolidation, from data import to adjustments, eliminations and currency translation, all the way to reporting—all on a real-time connected platform that fastens the consolidation cycle and close processFlexible management of the entity or account structures and powerful multi-dimensionality support effective management reporting and reconciliation between statutory and management consolidations