Consolidating means taking all possible evaluations, assessments and adjustments designed to achieve the desired outputs.

The consolidation process is typically inherent in the economic-financial component of a company and can be operated in the statutory procedures or management structure and is often a complex and a number of inherent obstacles:

• coordination difficulties caused by the different timing of sending information and the relative difficulty in the use of data;
• reconciliation problems arising from the reclassification of accounts are often not homogeneous;
• loss of integrity of the information due to the rewriting of the account balances on a different medium.

Therefore it is necessary to regulate the process of consolidation and formalize it in an instrument that allows flexibility, a characteristic inherent in a market where extraordinary operations can become an opportunity as well as a necessity.

The solution

Analitica is the solution for multimodel management control, multivariable, for the accounting industry, the activity-based costing and, as a general rule, for the generation of the Income Statement and Balance Sheet Management and statements.

With Analitica you can control costs and revenues of your company so easily! Natively integrated with Excel, Analitica connects through its connectors with any information system from Navision to SAP Business One to AS400.

Analitica allows you to manage the key processes of consolidation including:

• Fast Closing (closing below the annual budgets using data from the company accounts enriched by extra data and accounting records of correction);
• Cost Allocation (allocation of costs to profit centers according to the principles of accounting, Activity Based Costing or tilting models defined by users);
• Civlistic Consolidated Financial Statements and Management (consolidation of intercompany with automatic writing, exchange rate, elisions and deletions).

The engine allowing to manage the process of consolidation of Analitica is IntelliFinance.

IntelliFinance is a tool of Corporate Performance Management to support the user in these tasks simply and with a unique dynamic interface.

Learn more about our solutions to see how we can improve your processes of management control.