FINANCIAL CONSOLIDATION SOFTWARE TO PROVIDE A SINGLE ACCOUNTING VIEW OF YOUR BUSINESS


The demands on Group Finance teams’ increases considerably as businesses grow to have global presence. Complex structures, multiple geographies with different regulatory requirements and numerous currencies all contribute to the challenges of providing a holistic view of the business. Whilst Group Finance plays a crucial role in every corporate or multi-national organisation, financial consolidation software packages, aimed at reducing the workload or offer efficiencies, are few and far between.

ORYX financial consolidation software supports your financial processes by creating efficiencies and reduces costs with automations and labour-saving features.



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WHY BUSINESSES USE FINANCIAL CONSOLIDATION SOFTWARE?

Financial consolidation software helps CFOs and business leaders have a single view of the business when managing multiple geographies. But delivering Consolidated Balance Sheets and Income Statements for complex international groups can be problematic. The ORYX financial consolidation software supports multi-currencies at a transactional and regional level, maintains adjustments for legislative regions (GAAP vs IFRS) and industries (Stat vs GAAP) and supports the Elimination of intercompany transactions, dividends, revenues and expenses. By presenting your group as a single economic entity for group accounting and reporting, your financial consolidation software means Group Management can have complete visibility of the whole global business, for greater insight and control.

CHALLENGES

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ORYX provides Consolidated Balance Sheets and Income Statements for complex international groups:
  • Create Multi-dimensional financial reporting with slice and dice capability and automatic reconciliation of accounts
  • Automatic Local Tax Calculations and Reporting
  • Produce Statements of Changes in Fixed Assets and in Equity and Net Debt Computations
  • Segment Consolidation­­­
ORYX maintains adjustments for legislative regions (GAAP vs IFRS) and industries (Stat vs GAAP):
  • Version-specific calculations
ORYX supports multi-currencies at a transactional and regional level:
  • Apply FX (translation) computations automatically
  • Convert at multiple different currency rates, and run what-if analysis around the impact of changing rates
Elimination of intercompany transactions, dividends, revenues and expenses:
  • Use prebuilt analysis cubes to reconcile and report results to separate entities

SEAMLESS WITH ACCOUNTAGILITY’S FINANCIAL CONSOLIDATION SOFTWARE

Our ORYX Consolidation software merges all your general ledgers ranging from multiple entities and multiple currencies to multiple reporting standards with your non-financial information as required.

A MULTI-FACETED SOLUTION

ORYX Financial Consolidation Software is specially designed to:

  • Generate consolidation journals
  • Perform aggregations
  • Create final consolidation reports and outputs
  • Perform eliminations and allocations­­­
  • Provide a single view of Group financials

A MULTI-CURRENCY SOLUTION

The ORYX Financial Consolidation handles your forex burdens by coping with and accounting for original currency.

AN AGILE SOLUTION

ORYX consolidation accounting software is extremely agile and flexible due to its:

  • Leeway for regional variations and discrete rules
  • Rules-based adjustments, Group on-tops and eliminations
ORYX FINANCIAL CONSOLIDATION SOFTWARE

Ensure you have the right solution in place for your organisation when considering your accounting consolidation software needs.

STREAMLINE YOUR BUSINESS
ORYX Consolidation takes care of the challenging areas of the Group Finance function by automating a very manual set of financial processes. The result is substantially reduced effort and a shorter time frame to complete the work. Current clients report reduction in effort of up to 60% and time saving of up to 30%.
EXCEPTION TRACKING AND GOVERNANCE
ORYX Consolidation includes a workflow that simplifies the logging, tracking and management approval of exceptions and changes, with all issues, actions and sign-offs being recorded. Signatories can either approve workflows within the regular cycle, or make comments for further amendment, saving time on your approval processes.
QUICK TIME TO VALUE
From efficiencies to data accuracy, the value of your consolidation system will be apparent from the first reporting period.
DATA INTEGRATION
The seamless integration of your software whether General Ledger, ERP or other transactional data, increases efficiency and lowers the risk of reporting incorrect data. You can now trust your numbers.
OUR CLIENTS
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ACHIEVE MORE WITH ACCOUNTAGILITY!

If you want to achieve more and provide better and more timely information to the business, we can help you.

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    If you want to achieve more and provide better and more timely information to the business, we can help you.