As an organization grows, so does the difficulty of its financial consolidation and reporting challenges. Organizations must deal with multiple currencies, various accounting standards, and a host of reporting and compliance regulations, including International Financial Reporting Standards (IFRS) and electronic filing of financial statements in Extended Business Reporting Language (XBRL) format. Many grapple with the challenges brought on by mergers and acquisitions, such as the integration of new business units into the reporting chain. Through all this, the organization must balance the need for precise financial reporting and corporate governance with the needs for timeliness in meeting reporting deadlines.

Organizations that close fast, with the support of a powerful financial consolidation system, reap the benefits of quick access to information. They have more time for value-added analysis, improved control systems and quality, and faster reporting and statutory compliance. And they can reduce costs and strengthen investor relations.

The SAP BusinessObjects Financial Consolidation application provides CFOs at the world's largest organizations with the speed, processing power, agility, and breadth of analysis needed to complete financial consolidation and reporting cycles faster. With SAP BusinessObjects Financial Consolidation, you can gain full process control and data transparency, allowing you to simulate unlimited scenarios that address all of your performance management reporting requirements.

SAP BusinessObjects Financial Consolidation can provide you with the confidence to close your books quickly by enabling:

• A faster close through streamlined financial consolidation and reporting processes – without sacrificing data quality
• Safe adaptation to changing needs without having to rebuild or destroy previous reporting scenarios, saving time and money
• Confidence and corporate compliance with reliable data for legal reporting and management decisions