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 BusinessObjects Business Planning and Consolidation and legacy SAP consolidations tools. SAP BPC is an integral part of the overall SAP BusinessObjects 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.