Group Financial Consolidation

IBM Controller is globally proven across all industries and enterprise sizes to overcome the technical challenges of transforming disparate data into uniform and coherent information needed to produce consolidated financial statements.

IBM Controller

  • Unifies disparate data from subsidiaries with different charts of accounts and GAAP
  • Processes multiple currencies, applying appropriate translation methods
  • Manages intercompany balances through reconciliation and elimination of intercompany transactions
  • Applies automatic equity elimination and complex ownership adjustments
  • Consolidates results in a multi-level, multiple hierarchies to cover all financial reporting structures

IBM Controller

The rich functionality of IBM Controller which accommodates any complex group structures avoids workarounds that would slow down the financial close process. Strong data integrity controls deliver predictable, trusted results with high auditability.

Deployment and adoption of IBM Controller is faster and simpler than other consolidation software. With out-of-the-box functionality and zero code implementation and maintenance, the solution is fully-owned by finance. Finance users can employ their existing MS Excel skills, working in an environment they are familiar with, and the modern, web-based workflow interface provides an intuitive, guided user experience for a frictionless period-end.

The Breakdown

We recommend deployment via Software-as-a-Service (SaaS) provided by IBM, but IBM Controller is also available for installation locally on your own hardware or public cloud.

Typical approximate timescale and costs – IBM Planning Analytics for financial reporting
Annual SaaS subscription – 50 users £80,000
Project time-to-value 4 months

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