Financial Close & Consolidation
Simplify financial closing and consolidation
AFC Financial Close & Consolidation is an all-in-one solution designed to ensure data transparency across your organisation. Automate your financial processes and empower smarter decision-making.
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The Financial Close & Consolidation solution
Designed to optimise key financial processes, providing advanced tools for automation, analysis, compliance, and cash flow management.
Automated financial closing
Streamlines the financial close by automating data collection, reconciliation, and consolidation.
Vertical analysis and drill-through
Enables in-depth analysis by allowing users to explore data across multiple levels.
Consolidation
Flexible consolidation tool providing possibilities of vertical reporting and drill through across entities.
Cash flow optimisation and analysis
Delivers insights to improve cash flow management, forecasting and working capital.
Customer case
We help businesses lead in digital finance
Why Financial Close & Consolidation?
The Financial Close & Consolidation solution helps businesses adapt to growth and stay ahead in complex financial landscapes through automation and advanced analytics.
Key component
Consolidation
Automate financial closing processes for both internal and external statements with a user-friendly self-service platform. Leverage flexible analysis and drill-through tools to gain deeper insights. Adapt to changing data demands by establishing relevant dimensions and allocation matrices.
Key component
IFRS 16
Provides a complete asset ledger for contract renewals, change tracking, and recognition, ensuring a clear audit trail.
Key component
Invoice Analytics
Optimizes cash flow by improving working capital management, refining payment terms, and enhancing cash collection.
Key component
Planning Features
Provides rolling forecasts and budgeting based on key drivers, making scenario planning easy with flexible parameters, and streamlining financial planning across the organisation.
The check list
Features and capabilities
- Legal consolidation at single entities, sub groups and top group level
- Management consolidation at any level in the dimension
- Investment note (incl. group asset)
- Two account hierarchy perspectives (internal/external account structure)
- Recognition of investments at either equity value or cost
- Consolidation in both Local GAAP and IFRS perspective
- Automated cash flow set up by combination of account and movement type
- Automated reclassifications set up as single or group of accounts (e.g. VAT
liability to VAT asset)
- Intercompany reconciliations and eliminations
- Intercompany matrix overview
- Create valuable insights by bringing together your financial data and data from your operational systems
- Possibility to allocate transactions within the management dimension for
business line reporting purposes
- Data load from ERP will always be reconcilable to ERP
- Possibility to close periods and those late postings will then be reversed and referred to next open period
- Manual adjustments (manual, GAAP etc.) can be tagged with separate journal having transparency
- Rules in AFC tagged with separate journals explaining the reported result
- Currency conversion and adjustments from book value currency to two reporting currencies
- Automated load of exchange rates and periodic conversion using either average or month close rates
- Possibility to enter specific set of rates for e.g. budget
- IP and MS 2-factor authentication for all users
- Possibility to limit user access to both AFC web app modules and cube data
- Wiki articles describing AFC and “how to” supporting the AFC web application self service possibilities
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Ready to take your finance to the next level?
Discover how our advanced tools for analytics, forecasting, and consolidation can help empower your business to grow.
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