The two main drivers for the need of consolidation is the ability to provide an accurate picture of the overall performance from a group of companies (or business units) or regulatory requirements.
Most organisations with a consolidation requirement still use MS Excel to perform this task or even employ their accountants to perform this task for them – at additional cost to the business.
Managing your consolidations in spreadsheets can waste valuable time, risk errors that are difficult to track down and result in unplanned delays and costs.
When operating across accounting jurisdictions this can lead to missed reporting deadlines with serious consequences to overall group reporting and potentially result in penalties.
Greentree automates your consolidation process no matter how complex your requirements are. The key functionality of Greentree Consolidation functionality is:
Consolidate multiple accounts for financial reporting including multi-level consolidations.
Handle different year ends between related companies with confidence.
Automatically group accounts according to rules you establish.
Process the elimination of inter-company transactions.
Balance or Transaction
Consolidate at summary or transaction level depending on your specific requirements.
Translations Only Module option
For businesses wanting simple currency conversion.
If as an accountant or CFO you dread the month-end consolidation process let Kinetic and Greentree help you make life easy.