Consolidation
With BrightAnalytics, consolidated reporting becomes a piece of cake. With the click of a button, IC transactions are eliminated, consolidation entries can be made and participations can be eliminated. Our consolidation app will get an upgrade! Specially designed to optimise your financial management and simplify consolidation processes.
Streamline and accelerate financial consolidation
- Automated consolidation bookings including intercompany, deferred taxes and minority interests, streamline the process and ensure accuracy.
- Automated equity consolidation
- Automated multi-currency translations
- Utilise a separate IC matching module for enhanced accuracy in intercompany transactions.
Adaptable, reliable and versatile
- Enable multiple consolidation circles for diverse reporting needs
- Perform multi-GAAP and IFRS adjustments for comprehensive financial reporting
- Customisable consolidation intervals, whether yearly, quarterly, monthly, YTD or other
- Utilise consolidation entries across multiple circles effortlessly
- Utilise health checks to monitor and manage changes effectively, ensuring data reliability
User-friendly and intuitive
- Easily configure and access predefined views for simplified usage
- Same mappings and structures from Management reporting
- Drilldown to the invoice level
- P&L, B/S, cash flow statement and ratios
- Consolidated budget functionality
Consolidation
IC elimination
Our consolidation tool seamlessly identifies intercompany entries by leveraging flagged data showcased in the IC reconciliations app. These entries are automatically processed and recorded per relationship across various consolidation groups, ensuring precise and efficient financial consolidation.
Multi-currency
- Automated currency translations
- Make sub-consolidation in currencies different from group currency
- Use historical exchange rates for specified GL accounts
Automated consolidation bookings
- Deferred taxes impact
- Minority interests
- Essential entries conforming to legal consolidation methods and aligned with management consolidation practices.
Transparency and traceability
- Trace every amount via the drilldown till the lowest level
- Comprehensive audit logs
- Limit and manage access via role permissions and data limitations
- Approval permissions
Equity consolidation
- Consolidate equity via automated flagging
- Goodwill automatically calculated
- Option to amortise it over selected periods.
Let’s make your data talk. BrightAnalytics has 250+ integrations.
- Connect all types of applications, both accountancy and ERP and CRM.
- The resource can be online, on premise or even a spreadsheet.
- Any number of applications can be combined on the platform.
FAQ
Below you’ll find answers to commonly asked questions about our consolidation app. If you have a question that isn’t addressed here, feel free to reach out to us directly for assistance.
- Hva er BrightAnalytics?
BrightAnalytics er den mest intuitive, pålitelige og raske ledelsesrapporteringsplattformen som dekker alle behov for ledelsesrapportering og konsolidering.
- Må pakken min være en sky-pakke?
Nei, pakken din trenger ikke å være en sky-pakke. BrightAnalytics kobler til pakker fra skyen, på serveren eller til og med Excel-filer.
- Hvordan fungerer BrightAnalytics?
- Connect: BrightAnalytics connects with accounting, ERP and CRM systems, and centralizes all data in the BrightAnalytics platform.
- Report: The standard templates in BrightAnalytics are immediately ready for use, but can be fully tailored to suit one’s needs.
- Analyze: The management reports and dashboards offer a wealth of information and immediately provide clear insight into the figures of the entire organization.
- Engage: The clear reports contribute to a better streamlined business strategy and execution, and ensure transparency within the company.
- Kobler BrightAnalytics til pakken min?
Du finner en liste over alle våre koblinger på https://www.brightanalytics.no/integrasjoner/.
See this app in action
- Request a demo
By leaving behind your details, you will be contacted for a personal demo explaining the consolidation app.