IFRS Consolidation

Financial consolidation and reporting poses complex challenges to organisations in the form of multi-layered group structures, intercompany eliminations, foreign currency translations, cashflow calculations and constantly changing regulatory requirements. Implementation of a dedicated yet versatile consolidation application such as Business Planning and Consolidation (BPC) helps organisations meet these challenges head-on by:

• Increasing the transparency of consolidation adjustments allowing for the full reconciliation of general ledger statements with group consolidated results
• Automating manual steps such as inter-company postings and cashflow calculations, ensuring data is consistently and securely adjusted across the enterprise
• Allowing for the modelling of acquisitions or divestments, for both Actual and Plan data
• Reducing the cost of compliance with the implementation of a fully auditable and secure application

Extend has expertise in SAP Business Objects' Business Planning & Consolidation and legacy SAP consolidations tools. SAP BPC is an integral part of the overall SAP Business Objects suite, it offers:

• A sophisticated consolidation engine allowing for automated inter-unit elimination and calculation of accounting adjustments such as minority interest and equity investments
• The ability to define complex and changing Group ownership structures, including consolidation of sub-groups and use of multiple accounting methods
• Full audit trail of accounting adjustments and journal posting functionality
• Integration of SAP and non-SAP ledger data
• Flexible foreign currency translations capable of handling multi-currency Groups
• Native Excel user-interface allowing for the creation of highly formatted reports
• Choice of either Microsoft or SAP BW platforms with the ability to integrate data from multiple source systems providing a step-change in productivity, data quality and security
• Enterprise level reporting and analysis with options to combine actual and planned data in a real time environment
• Customisable process-flows to streamline and control the submission process
• Context sensitive action panes to guide end-users through the system according to their roles and access
• The ability to integrate consolidated data with scorecard and dashboard solutions

Working with Extend Technologies

Our Business Intelligence group, leveraging our process-centric functional expertise and deep technical experience, have developed pre-packaged consolidation accelerators, enabling us to reduce project time and cost, and deliver tried and tested solutions. Our accelerators include:

• Integration with ERP general ledger data including inter-company postings
• Automated accounting adjustments for global, proportional and equity consolidated entities
• Cashflow calculations
• Integration with BPC Planning data and performance management KPI reporting solutions

Extend can work with you to quickly determine if a pre-packaged solution or custom build is best for your organisation.