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Financial consolidation

Get a Unified Financial View

Ashokanta’s Financial Consolidation solutions aggregate diverse financial data from multiple entities into one coherent view. We streamline the consolidation process so that it meets accounting standards and accelerates reporting cycles.

What We Cover?

  • Financial data collection and validation
  • Preparing consolidated financial statements
  • Implementing financial consolidation modules in ERP systems

Features & Benefits of Financial Consolidation Solution

  • Seamless Multi-Entity Consolidation
    Simplify consolidation of data from various entities with different currencies, accounting standards, and operational systems. Obtain a complete view of your organization’s financial health without the hassle of manual processes.
  •  Regulatory Compliance
    Stay compliant with global accounting standards such as IFRS, GAAP, or any region-specific requirements. Our solutions ensure that your financial statements meet regulatory standards and are audit-ready.
  •  Automated Intercompany Eliminations
    Intercompany reconciliations and eliminations are simplified and automated so as to provide accurate reporting. This minimizes errors, saves time, and provides quality financial data.
  •  Real-time Data Integration
    The consolidated financial data is derived from all kinds of sources like ERPs, databases, spreadsheets, and much more. It ensures uniformity and gives actionable insights at real-time.
  •  Scalable and Flexible Architecture
    Our solutions are flexible enough to accommodate your evolving business requirements, and you can always add new entities, geographies, or business units without any disruption. Whether it is a small business or a multinational corporation, we ensure the scalability that you require.
  •  Advanced Reporting and Analytics
    You will have access to powerful reporting tools and customizable dashboards that will give you deep insights into your consolidated financial data. You can easily identify trends, monitor KPIs, and make data-driven decisions.
  •  Streamlined Close Process
    It enables financial closing by automating the workflows and validating checks. This is how closing cycle times can be minimized with accuracy and control.

Partner with Ashokanta to adopt the most innovative offering of Oracle available in the market. Take the holistic approach of Record to Report process that includes Close Orchestration using intelligent process automation, legal and financial consolidation, supplemental ad-hoc data, data collection, heavy emphasis on collaborative reporting (dashboards, reports, office integrations) with reconciliations and tax provisions. We offer unique advisory services where we conduct extensive awareness program called “implementation success program” under the theme “What you need to know before starting the implementation” for the following profiles

  • As the executive sponsor
  • As the application owner
  • As the business users