Today, most organizations face a similar challenge—consolidating and reporting on information produced in variable formats and housed in disparate sources and locations. Regardless of industry or segment, the support of a powerful financial consolidation system allows you to reap the benefits of quick access to information, improved control systems and quality, faster reporting and statutory compliance, and more time for value-added analysis.

Single Source of Financial Truth

A critical component to consolidation is unrestricted access to an all-inclusive set of data and metadata with support for multi-currency and multi-GAAP scenarios, mergers and acquisitions, and disparate database structures, etc. And the value of an integrated EPM/BI reporting approach is its underlying ability to provide one, single-source of financial truth.

At TopDown, we understand that the best way to remove the confusion of different accounting processes is to have everyone working from a single repository that supports the collection, consolidation and reporting of financial results in multiple GAAPs as well as IFRS, and the reconciliation of differences among the various standards. Using expertise gained from over 1000 implementations, our team can design and build a system tailored to your specific organizational needs.

With the TopDown Consolidation & Reporting solution you can—

• Streamline the Period-End Close Process
• Ensure Financial Statement Quality
• Improve Transparency –Internal/External
• Meet New Disclosure Requirements
• Plan and Execute IFRS Adoption
• Control Audit Costs

Reliable, Adaptable Reports

With Financial Consolidation, you can gain full process control and data transparency, allowing you to simulate unlimited scenarios that address all of your performance management reporting requirements.

With our deep understanding of how user’s need to work with and consume financial information, we are able to provide the guidance necessary to determine which reporting option is best – whether that’s Financial Reporting, SmartView, or BI. Reports are easily tailored for a variety of internal needs and levels, providing clear, appropriate information to executives and senior staff, operational managers, analysts, compliance officers, as well as any other authorized group.

Scalable and Adaptable Consolidation Solution

TopDown’s consolidation and reporting solution is designed to grow with your organization, eliminating integration challenges while maintaining financial controls for regulatory compliance and enabling faster closing times and support for globalization. It accommodates current and future requirements such as the need for multicurrency and multilevel consolidated financial and budget/forecast data, various accounting standards, and a host of reporting and compliance regulations, including International Financial Reporting Standards (IFRS) and electronic filing of financial statements in Extended Business Reporting Language (XBRL) format, ensuring safe adaptation to changing needs without having to rebuild or destroy previous reporting scenarios.

Click here to schedule a demonstration showing you quickly your company can benefit from exciting new advancements in integrated, EPM/BI solutions for data consolidation and reporting.