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Close faster, close better

Optimizing Consolidated Financial Statements

Timely provision of high-quality and reliable information that takes all existing legislation into account

With ongoing globalization of financial markets, the topic of fast close is becoming increasingly important. The timely provision of consolidated financial statements, which take into account all existing legislation, creates an important competitive advantage. More than just an optimal process structure is required to provide high-quality and reliable information to the management, shareholders and the capital market. Deploying suitable systems is also a factor of paramount importance for process efficiencies and quality improvements.

ConVista analyzes the entire consolidated financial statement process and identifies any process-related and/or technical weak points. We support you with optimizing the consolidated financial statement process, for instance by bringing forward processes (e.g. preceding intercompany reconciliations) and reducing and automating interfaces between individual and consolidated financial statements (e.g. automating the connection to the legacy system). We assist with heterogeneous system landscapes and help you to automate routine tasks and create specifications for mapping business transactions using accounting guidelines.

  • Implement stable and efficient quality-assurance processes
  • Reduce closing times while increasing data quality
  • Transparency of individual closing data by increasing efficiency in intercompany processes
  • Fewer interfaces and optimal support with processes
  • Implement a central consolidation and reporting system (internal and external group accounting)

Elena Hautkappe

+49 221 888 26 451

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Consolidation Preparation (ConVista ConsPrep®)

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ConVista ConsPrep®

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