The SAP BusinessObjects Financial Consolidation application includes comprehensive features and functions and that enable the following:

• Faster processing – With patented database processing technology, SAP BusinessObjects Financial Consolidation can help you recover critical time in your closing and management reporting cycles – without sacrificing any of the controls or auditing needed for today's global compliance environment.
• High-performance consolidation – SAP BusinessObjects Financial Consolidation performs simultaneous consolidation processing directly in the database rather than at the application server.
• Process automation – The application includes built-in rules logic that automates consolidation entries. Currency translation adjustments, minority interest and equity calculations, intercompany reconciliations, and automatic cash flows are easily set up through a standard user interface and intuitive wizards.
• Agility – SAP BusinessObjects Financial Consolidation can intelligently cope with multiple reporting channels, differing charts of accounts, account flows, and numerous analysis dimensions to retain past reporting frameworks within the system. This enables finance professionals to safely adapt to changing needs without having to rebuild or destroy previous reporting scenarios, saving time and money.
• Compliance and enhanced reporting – SAP BusinessObjects Financial Consolidation provides access to accurate data, reports, analysis, and simulations. All processes, data, and users are connected to the application's integrated data model, ensuring that all decisions are based on consistent, reliable data and enabling your company to report and analyze information more quickly.
• Integration with source systems – SAP BusinessObjects Financial Consolidation works together with SAP BusinessObjects Financial Information Management to provide optimized connectivity to SAP sources with full-audit trail and drill back to source data. Extensive connectivity is also provided for mixed and non-SAP environments.
• Data validation – By employing SAP BusinessObjects Financial Consolidation, finance centers can ensure data quality throughout a reporting cycle. They can be sure that incoming information not only respects the timing and expected format but also makes sense; is consistent, complete, and commented appropriately; and goes through the right auditable approval process. This leads to greater quality and a 'right first time' approach to the closing cycle.
• Starter kits – Pre-configured application content embedding best practices and know-how in compliance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) is delivered via fully customizable starter kits – giving you the confidence to quickly and easily meet these increasingly stringent regulatory reporting requirements.
• Business intelligence – The reporting and analytics functionality within SAP BusinessObjects Financial Consolidation integrates with SAP BusinessObjects business intelligence (BI) software. Consolidated results can be sent to SAP NetWeaver Business Warehouse (SAP NetWeaver BW) where it may be combined with other data for broader financial analysis and reporting.