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Best Financial Consolidations Solutions for Your ERP System
Common Limitations in Current Financial Consolidation ERPs
- Problematic to consolidate across subsidiaries with different ERPs
- Clunky consolidation process with too many steps
- Manual consolidation adjustments, which can be tedious to post
- Inability to handle different chart of accounts
- Weak auto-elimination functionality
- Limited currency conversion functionality
- Weak financial report writer to produce the consolidated reports
- Lack of dynamic pro-forma consolidations
- Inability to consolidate across subsidiaries with different fiscal calendars
Your ERP’s Current Consolidation Solution
Even with many popular ERP systems such as Microsoft’s Dynamics 365 Finance and Operations (D365 FO), SAP, Oracle or Workday, customers with significant consolidations and related financial reporting needs often end up depending on Excel, especially in the final steps of the process. While ERP systems typically contain many consolidation features, and might even have a native Management Reporter that is an above-the-average report writer, it is increasingly normal that customers add on a “best-of-breed” corporate performance management (CPM) solution to simplify their financial consolidation and reporting software.Modern cloud-based CPM solutions
Solver is an example of a CPM solution that comes with several added advantages, especially for Microsoft customers.Advantages of Solver CPM for Financial Consolidation
- Solution is cloud-based Azure
- It’s configurable to general ledgers as well as sub-ledgers
- It has a pre-built connector to Power BI for visualization
Upgrade Your ERP System With Solver
To learn more about how modern CPM solutions integrate with popular ERP systems like D365 F&O and Business Central, Sage Intacct, SAP and Accumatica, click here.TAGS: Reporting, Consolidation, CPM, ERP, Dashboards
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Global Headquarters
Solver Suite
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QuickStart and Template Marketplace Overview (2 min) |QuickStart and Template Marketplace Setup (10 min)
Global Headquarters
Solver Suite
Core Subscription
Company and Resources
© Copyright 2024, Solver All rights reserved. Legal | Privacy
QuickStart and Template Marketplace Overview (2 min) |QuickStart and Template Marketplace Setup (10 min)
Global Headquarters
Solver Suite
Core Subscription
Company and Resources
© Copyright 2024, Solver All rights reserved. Legal | Privacy
QuickStart and Template Marketplace Overview (2 min) |QuickStart and Template Marketplace Setup (10 min)