The process of consolidation is complex and contains several issue:

• coordination problems caused by the different timing of sending information and the relative difficulty in the use of data;
• reconciliation problems generated by reclassification of accounts not uniform;
• loss of integrity of information: due to the rewriting of the account balances on a different support.

Therefore it is necessary to regulate the process of consolidation and to formalize it using a tool.

The solution

Analitica allows the creation of a Consolidated Financial Statements in real time with the option of focus the analysis at the individual company or at the business target.

Analitica allows you to define the reclassifications for companies with different levels of detail and different level of control and view depending on the company or the kind of model.

The process that allows you to generate the consolidated financial statements includes the following steps, all handled in a simple and almost automatic way, in Analitica:

• Mining of data from the information systems: corporate data useful to the creation of an income managerial monthly / quarterly by nature have different origins:
  • Accounting data (from the General Accounting COGE);
  • Managerial data (such as data warehouse management, personnel data, depreciation ...);
  • External or non-accounting information (for example payroll files from Excel).

• Management o master chart and of the reclassification models for the balance sheet through drag and drop tree interface, cost centers and destinations in the hierarchy by creating in a simple way performance monitoring of complex structures;
  • Management of the indices' tree;
  • Management of non-accounting adjustments required to process income statements for the period;
  • Consolidation and consolidation workflow, with logical flow management through parameter interfaces with which you can check at any time consolidation advancing by business unit, the different needs of eliminations, deletions, and all the necessary consolidation adjustments;
  • Consolidation management through rules for the management of intercompany entries automatically and manually;
  • Map management of consolidation through models tree drag and drop;
  • Multiple exchange rate between companies and their variation over the time.

Reports are accessible through Internet Explorer with Microsoft Reporting Services technology, making it possible for users to access even remotely.

Reports can be customized by the customer adding analysis dimensions in a simple and intuitive way.

The benefits

Analitica allows the company to adopt a consolidation process completely automated through an and easy-driven approach.

Leveraging on the powerful integrated workflow engine Analitica can significantly reduce the time to consolidate and minimize errors due to handwriting integrating the main statutory and managerial records of elision and of elimination through advanced management and automatic exchange rates.

Thanks to its databases, the system is transparent and allows easy access to consolidated data while providing aggregated views and detailed data of individual companies.

The management of Consolidated Statement and profitability analysis has become a simple and natural process!