Multi-Entity Financial Management
Multi-location organizations face complexities—decentralized payables, inter-entity transactions, multiple currencies, global consolidations—that require a purpose-built financial management system. Whether your business is global or domestic, simple or complex, now you can close the books faster and gain the visibility you need even as your operations grow and evolve.
Key Benefits
Get quick and accurate closes with automated consolidations
Ensure your financial statements are ready when you are, and close the books effortlessly. Comprehensive automation with one-click consolidation delivers accelerated closes, improved accuracy, and better visibility. Plus every global consolidation includes a detailed journal entry report for easy auditability.
Easily manage multiple currencies
Everything related to managing multiple currencies is automated to save you time and increase accuracy. You’ll use up-to-date exchange rates for currency conversions and revaluations, and instantly access information on currency gains and losses. You can also produce reports in your headquarters’ currency or the entity’s local currency.
Save time and effort with simple setup and maintenance
Quickly set up policies, procedures, workflows, and reporting for new entities regardless of the complexity of your multi-entity structure. Easily configure each new entity with unique definitions. Or automatically “inherit” centralized definitions—workflows, charts of accounts, period definitions, and lists—across entities for a standard, organization-wide configuration. You can also opt for automated interentity transactions with manageable rules, making it easier to centralize payables and receivables.
Take advantage of fast, flexible reporting
Quickly produce accurate financial reports, regardless of your organization’s complexity. Get insights from real-time visibility with instant roll-up reporting (single currency) or push-button consolidations (multiple currencies). Easily switch between consolidated and local views for further insights into the figures. And tailor local account titles to fit local regulations.
