Financial Close & Consolidation
Simplify the Financial Close
Conquer the complexity of the financial close and consolidation process and deliver rapid insights to internal and external stakeholders. Replace Excel spreadsheets and standalone financial consolidation software with a modern, unified platform.
Streamlined process, customized solution: We use OneStream to create a streamlined financial close and consolidation process tailored to each customer’s specific needs. This includes creating automated data loading processes, ensuring data quality through pre- and post-load data validation, and the immediate resolving of any errors and data quality issues.
Globally suited: OneStream supports true statutory financial reporting requirements including US GAAP, IFRS, Multi-GAAP and local statutory requirements, with the most sophisticated financial intelligence available.
Full Transparency: OneStream provides complete transparency in the data, metadata, and process changes with drill-back capabilities and full audit trails.
Enhanced Financial Insights: Improve visibility into the actual foreign exchange impact on balance sheet accounts and monitor detailed movements and changes to ensure comprehensive cash flow reporting. Intercompany (IC) eliminations are seamlessly automated at the initial shared parent in every alternate hierarchy, simplifying the process without intricate rules. This ensures efficient insight and visualization of the effects of acquisitions and other business alterations.