Financial Close

Consolidating financial results in a global enterprise is more than just rolling up numbers

Financial Close

Consolidating financial results in a global enterprise is more than just rolling up numbers. It requires a software solution with the ability to support US GAAP, IFRS and other accounting guidelines while dealing with complexities such as currency translation, intercompany eliminations, journal adjustments and complex ownership structures. The solution must be able to integrate data from multiple sources, with completeness, accuracy and drill-back capabilities. To address global reporting requirements, the solution must be able to consolidate and report financial and operating results across multiple hierarchies including management, legal, tax and other rollups. And the entire process needs to be completed with speed and accuracy, with full audit trails and the appropriate internal controls.

Streamline Financial Close and Consolidation

Automate data loading, reconciliation and reporting. 

Close faster with pre-and post-load validations, immediate identification of errors and quick resolution of data quality issues.

Improve Confidence and Insights

  • Deliver 100% transparency into data, metadata and process changes with unparalleled audit trails and drill back capabilities for complete confidence and control in your financial results
  • Increased insight into the real FX impact of currency on every balance sheet account, track detail movements and changes for complete cash flow reporting

Global Financial Consolidation and Reporting

OneStream XF supports true statutory financial reporting requirements including US GAAP, IFRS, Multi-GAAP and local statutory requirements, with the most sophisticated financial intelligence available.

  • One set of data drives multiple GAAP/IFRS reporting formats
  • Cell-level audit trails provide control without impacting performance
  • Out of the box support for complex ownership and equity pickup

Get your free copy of the Financial Consolidation and Reporting eBook