Financial Consolidation made simple with Anaplan
With Anaplan, you can speed up intercompany financial reconciliations and period end–close with a single platform that connects across your budgeting, planning, and forecasting process, all while complying with IFRS and GAAP standards.
Experience a faster, more efficient period-end close and report with confidence, without compromising on compliance. An agile consolidation process, moving from a batch, waterfall approach to a real-time, peer-to-peer approach.
Rapid consolidation and close
Streamline every phase of the financial consolidation process, from data import to adjustments and eliminations, and from currency and cumulative translation adjustment (CTA) to reporting with rule-based automations. Quickly create new scenarios to understand the impact of changes such as acquisitions or disposals would have on results.
Reporting Confidence
Keep models in step with organisational changes and reporting requirements quickly and easily. Be confident in the financial consolidation results, with comprehensive functionality across notifications, user-owned controls, workflow, audit trails, history reports, and security – all of which ensure consolidation data quality and accuracy from beginning to end.
Greater collaboration
Real-time notifications enable collaboration across all stages of the process, improving cooperation between planning and reporting teams. Use alerts to notify team members during different stages of the workflow. Eliminate rigid processes or batch processing and empower local subsidiaries to close using local, rule-based processes, while maintaining corporate controls.
Intercompany reconciliation flexibility
Real-time calculations enable efficient intercompany reconciliations. Declarations are immediately visible, differences can be flagged immediately and reported to both companies. Both parties are notified of changes in real-time. Consolidation statements are updated immediately for all entities when adjustments are made, no more batch, waterfall approach.
