Financial consolidation with intercompany balances, cash flow forecasting, management reporting and analysis system for a corporate investment company
Financial Consolidation and External Reporting
Import and consolidate data from subsidiaries, divisions and cost centres using different ERP systems, using a common platform for Financial Consolidation and group reporting.
Work with different legal, management and other company structures within the same model using multiple consolidation hierarchies, each with their own sub consolidation and elimination entities.
Take the effort out of foreign exchange calculations with inbuilt multi-currency handling and automatic calculation of FX differences.
Simplify the management of intercompany balances with a dedicated module for matching, balancing and posting of elimination journals. Easily manage your consolidation and reporting to multiple accounting standards including IFRS and GAAP.
“We have multiple locations and subsidiaries, the flexibility of the financial Consolidation and reporting software to adapt to the way we work, together with its rapid development and deployment, made it an ideal solution for our company”
Multiple Consolidation Paths & Levels
Create multiple consolidation structures representing differing business hierarchies e.g. legal, management, geographic, industry, with any number of sub-consolidations in each path.
Manage consolidation adjustments and eliminations and intra and inter-company eliminations. Eliminations can be performed at each or any appropriate consolidation level.
Foreign Currency Conversions
Currency conversion is standard functionality in Cubix. The consolidation process takes care of all foreign currency conversions using the applicable exchange rate types.
Period and Year End Management
Period end processing with validation and locking control. Automatically update linked rolling forecasts and roll over and reset data versions with carried forward balances at the end of the year.
An Intercompany Balance module enables the reporting, matching and elimination of intra and inter-company transactions with the option to automatically balance up to a defined materiality threshold.
Journal Entry and Reporting
Post adjustments to the database using the journal entry module. Drill down from net values to see the underlying journal vouchers. Report on all adjustments including details of who posted and when.
Multiple Reporting Standards
All financial reporting standards are supported. UK GAAP/IFRS/US GAAP or whichever format you require are all available.
Foreign Exchange Variances
Automatically calculate balance sheet exchange differences between average and closing rates.