Use it for faster, error-free financial consolidation
CFOUR is a financial software for consolidation that assists inter-company accounting by centralising data from various sources.
It allows for flexible collaboration to process consolidation faster and get accurate consolidated reports instantly.
The first stage in the process that takes data from different sources such as Excel or ERP to one data stream.
Stage two is the compilation of the subsidiary accounts to produce management accounts.
This stage inter-company reconciliation involves journal entries where inter-company elimination is logged and validated through a simple user-friendly interface.
The final stage of financial statements consolidation is to consolidate the subsidiary accounts into the holding company and produce consolidated statements.
A controlled environment and version traceability ensure the accuracy of consolidated financial statements. With all necessary data stored in one database, data integrity is guaranteed.
This advanced management accounting tool is designed in a governed environment to centralise the financial consolidation process through the collaborative dashboard.
Reduce the laborious time taken for group accounts consolidation leveraging quality time for analysis.
By Stefan Farrugia, 2019-12-30
The rapid growth of LeoVegas created the need for a comprehensive financial solution to unify ever-growing amount of business data and systems. Mr Roderick Falzon – Head of Finance, explained: "The business data we had was dispersed, and the creation of reports was time-consuming and prone to error.”Read more
|CFOUR is the new Financial Statement Consolidation Software developed by Eunoia.||Download the info sheet|