TYPICAL FINANCE QUESTION
Focused use case #7
Legal and Management Consolidation
Consolidate and report financial performance according to both the legal entity structure and the way the business is actually managed.
one financial model. two reporting perspectives.
Do not maintain two disconnected data models
Use the same governed financial data for legal consolidation and management reporting. Apply different hierarchies and dimensions while preserving reconciliation back to the underlying legal entities.
REPORT THE BUSINESS THE WAY IT IS RUN
Move between reporting views without losing reconciliation
Management can analyse performance in the structure used to run the business, while Finance retains full control of the legal consolidation and audit trail.
Business impact
How you benefit?
- One source of truth: Support statutory and management reporting from the same data foundation.
- Less duplication: Reduce duplicate mappings, calculations and reconciliation work.
- More relevant insight: Report by the structures management actually uses to make decisions.
- Adaptable structure: Change management hierarchies without rebuilding the legal consolidation.