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Consolidation Software - Advice/Any Experience

Looking at new Consolidation Software

Hi,

I am looking at purchasing some Consolidation Software.

The requirement is for the software to produce:

Monthly P&L's

Monthly Balance Sheets

Consolidation Journals

Budgets

Forecasting

Year End Audit Preparation

Cashflows

Variance Analysis

I could go on, but basically everything in a reporting framework. This is currently being carried out on spreadsheets.

The software will have to be able to work in multiple currencies. We currently use 30 different currencies around the world and operating in around 50 countries. There is a complex ownership structure in place so it must be able to adjust for Minority Interests/Share of Net Assets etc.

Has anyone any experience with such a system that you could recommend please?

Kind regards,

James

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26th Mar 2018 20:18

what is your underlying accounts package...

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27th Mar 2018 08:39

We have around 30 different accounting packages. At present people fill in a monthly template in excel and all the consolidation happens in Excel.

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to JamesHarrison
31st Mar 2018 12:00

JamesHarrison wrote:

We have around 30 different accounting packages. At present people fill in a monthly template in excel and all the consolidation happens in Excel.

You have arguably already got the best package given the circumstances.

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