Finance Reporting
Nowadays, finance departments have to create an increasing number of financial statements with tighter and tighter deadlines. Maximizing data quality and ensuring transparency for auditors are crucial factors in this process. With BusinessObjects Financial Consolidation, you too can tackle this challenge.
Data analysis requirements are also becoming more and more challenging. For example, you may need to simulate a rising dollar exchange rate or model a scenario based on rapidly growing Asian markets. Since such analyses provide the basis for mission-critical decisions, incorrect data or delayed response times are unacceptable.
SAP's consolidation solution Business Objects Financial Consolidation offers the following advantages:
- Harmonization: Financial consolidation and internal reporting in one system
- Reports to fulfill legal requirements and internal reports requested by management exist side by side in one system
- Data model that allows a single, consolidated, and validated version of the data
- Fast Close: Performance that converts hours to minutes
- Lets you close accounts quicker—accurately and reliably
- Speeds up consolidation processes: faster account closing cycles and shorter reporting cycles
- Greater data consistency and fulfillment of international and local accounting criteria
- Efficiency, flexibility, and agility: Finance department processes become simpler, faster, and more transparent
- Accurate external reporting and optimal management reporting
- Creation and adaptation of individual reports without programming knowledge
- Unlimited simulations and scenarios
With a team of certified and experienced consultants, arvato systems offers a comprehensive range of services for designing, implementing and operating all systems in a SAP BusinessObjects Financial Consolidation environment.
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