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.