Companies which grow by merger and acquisition often leave their financial accounting teams with the dual burden of performance reporting at the individual entity level, and the increasing complexity of financial consolidation.

Across the group they may have to deal with part holdings, multiple currencies, tax structures and accounting standards which demand different reporting and compliance requirements.

Cortell specialises in solutions which accelerate and automate the close, consolidate and report process using a full suite of financial consolidation software designed for finance users – with no assistance required from IT.

Innovative Financial Consolidation

Cortell’s financial consolidation solutions meet the complete range of consolidation and reporting requirements, including International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) if required.

Administrators are able to configure, track and audit data flow within the consolidation process. It maintains a clear audit trail that follows application and data changes by individual users and has the ability to filter, evaluate and analyse changes, supporting both application maintenance and critical requirements for compliance and internal control.

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Budgeting Cycle can be complicated. Simplify it with Cortell.