Financial consolidation, whether it is for accounting, fiscal and/or management purposes, consists of preparing financial reports that include data for a group of companies that are connected and make up a business group.
Collection of information from each source reliably and safely. Automated application of:
Consolidation rules according to accounting regulations (IAS and IFRS, US GAAP and local GAAP)
Different account plans.
Management of multiple currencies, both of origin and consolidation, applying the necessary exchange rates.
Analysis and Reporting for stakeholders (senior management, shareholders, investors, auditors, credit institutions) Traceability of information and obtaining consolidation closing with a short period of time.
Consolidated management capacity.
This allows to obtain grouped budgets, simulation of impacts before acquisitions, sales, changes of shareholders in the group, etc.
Nova Praxis is an expert in implementing financial, fiscal, and accounting consolidation solutions. We help you to prepare your financial consolidation using the solution that best fits your needs.
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