Consolidation in OneStream
Every company has financial consolidation and reporting needs, and the tools used to address those needs are often driven by the complexity of the company’s structure and source systems.
There are three main groups of tools typically used for consolidations and reporting: spreadsheets, general ledger or ERP systems, and purpose-built CPM applications.
Why Companies Reevaluate Consolidation Tools
As organizations evolve and grow, they often revisit their consolidation tools. Key capabilities that commonly drive the evaluation of a new solution include integration of multiple GL or ERP data sources, advanced foreign currency translation, automated intercompany eliminations, support for statutory reporting standards, flexible hierarchies, journal entries, audit trail functionality, and strong reporting capabilities.
Why OneStream
OneStream XF simplifies financial close and consolidation, planning, reporting, analytics, and financial data quality.
- Extensible Dimensionality allows different levels of reporting detail.
- Financial data quality is integrated into the core platform.
- It supports direct integrations to ERP systems and other data sources.
- It can drill through to GL or source data detail.
- It supports mapping, validations, confirmations, and certifications often needed for SOX compliance.
Extensiones de Marketplace
Las aplicaciones de OneStream también pueden ampliarse utilizando soluciones del XF Marketplace, incluyendo Close Management, Account Reconciliations, Transaction Matching, Tax Provision y Lease Accounting.
Contacto
MindStream Analytics
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