Financial Consolidation Model Overview

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Jedox Financial Consolidation significantly reduces the resources and time companies spend on creating a consolidated financial statement and reporting for the group from the separate financial statements of their subsidiaries. Through automation of standard as well as more complex consolidation measures it enables greater speed of group-wide reporting for international reporting standards such as IFRS, US GAAP, German GAAP and many more. The prebuilt finance application follows industry best practice to ensure a fast deployment, yet also offers great configurability and flexibility to meet custom management and reporting requirements.

The following key consolidation measures are supported by the Financial Consolidation application:
· Investments
· Non-Controlling Interests
· Debt Consolidation
· Intercompany elimination
· Elimination of dividends
· Automated postings for intercompany differences
· Posting Journal for automated and for manual journal entries

Financial Consolidation Model Overview

Balance Sheet and Balance Sheet (Segment) Dimensions

Profit and Loss and Profit and Loss (Segment) Dimensions

Cash Flow and Cash Flow (Segment) Dimensions

Currency Conversion

Intercompany

Other

Data Validation

Consolidation Engine

Workflow Building Block

Investment Register