The ability to consolidate and reconcile in the increasingly complex, vast and international realm of corporate finance and deliver coherent management reports that everyone from shareholders to compliance and financial management officers can understand is fundamental to the financial success of your business.

The financial consolidation function within SAP solutions for enterprise performance management helps you:

• Meet all legal and management reporting requirements with automated, robust consolidation processes.
• Minimize business risk.
• Complete financial reporting cycles faster and with greater accuracy.
• Control the entire process, and deliver reports that everyone – from shareholders to compliance and financial management officers – can understand.
• Improve compliance with regulatory and financial standards, and generate a fully documented audit trail to help reduce external audit costs.
• Close books more quickly than before due to database processing technology that runs calculations and consolidations within the database.
• Consolidate and directly compare all possible views of legal and management reporting structures – thanks to a single, integrated data model.
• Establish an audit trail for all processes without hindering software performance.
• Gain financial intelligence for faster, more flexible reporting without requiring programming skills.
• Maintain data quality at every level of your corporate reporting cycle by checking and filtering data based on a reporting framework and rules defined by your central finance team.

Discover how offerings from SAP and Business Objects, an SAP company, helps you achieve these activities:

• Financial consolidation – Get the processing power, agility and breadth of analysis required to complete financial consolidation in record time. With full process control and data transparency, you will be able to simulate unlimited scenarios that address all of your performance management reporting requirements.
• Intercompany reconciliation – Accelerate your close by enabling your business units to debate and reconcile balances directly with one another and eliminate delays at the corporate and divisional levels.
• XBRL publishing and benchmarking – Integrate internal and external financial data, and benchmark your own actual and financial forecast figures with competitive and peer-group data for externally focused business performance management.
• Extended analytics – Access near real-time financial and nonfinancial information that lets decision makers understand how they are measuring against plan, which products or regions are driving revenues, and how to best lead the business.