We Automate the Period-End Close for Head Offices🫰
Say goodbye to ERP system incompatibilities. Mondial effortlessly consolidates operations across different ERP systems and versions, giving you a clear, unified view of your entire group.
Financial Close and Consolidation, Built for Multi-Entity Complexity
Normalize, reconcile, adjust, and report across every entity, ERP system, operating currency, and chart of accounts.
Whether you operate one or many ERP systems, work in different operating currencies, use different local GAAP standards, have misaligned charts of accounts, struggle with intercompany reconciliations, or need to make last minutes consolidation adjustments - you can streamline your period-end with Mondial.
- Mondial intuitively understands fiscal periods, charts of account structures, transaction details and various types of balances.
- Mondial simplifies processes by recognizing concepts such as current and year-to-date amounts, debit versus credit balances, and amounts in different currencies.
- Mondial stores every GL, AP and AR transaction from each source company to ensure that every report is based on complete and accurate information.
- Users gain additional confidence because it is easy to identify missing or duplicate accounts.
- Every transaction from the underlying system is appended with and stored in whatever currency the user needs, from whatever source the currency rate is required.
- A historically accurate trial balance can be produced in any currency and accessed on screen, printed or downloaded.
- Both soft (reporting) and hard (posting) revaluations can be performed at period end to ensure compliance with GAAP and IFRS requirements.
- Financial statements from TB’s, to P&L’s and Balance Sheets can be displayed pre or post revaluation as required.
- Transactions that are sometimes difficult to enter in the accounting system such as statutory reallocations or inter-company eliminations can be entered in Mondial without impacting underlying data.
- Unique numbering sequence for all source and Mondial entered transactions provides a full audit trail across every company.
- An unlimited number of charts of account can be created in Mondial with direct account-to -account mapping from the existing chart of accounts in each source company
- This allows corporate-wide or statutory-required charts of accounts to be used for reporting with out impacting source data
- Mondial’s intuitive report writer supports unlimited and reusable templates with easy-to-manage row formats and column layouts.
- Reports can be presented in multiple output formats including on the screen, via PDF, via email, via web site, downloadable to a spreadsheet, or electronic upload to an external repository.
Issues and Challenges Solved
Key ERP Risks
Mondial Solution
- Lack of standard reporting
- Different ERP Systems
- Lack of Reporting Currencies
- GL Accounts don’t match
- Mismatched Financial Year-End
- Different period lengths
- Incompatible GAAP Approaches
- No access to the details
- No direct access to systems
- Lack of Dimensional Reporting
- Lack of segmented reporting
- Range date reporting is limited
- Lack of Prior Year Comparison
- Limited budget comparison
- Mandatory Reporting Periods
- Statutory Charts of Accounts
- Different GAAP obligations
- Electronic Output Requirements
- Multi-ERP Aggregation
- Normalize all data
- Report accurately in any Currency
- Automated Chart Mapping
- Reconcile Intercompany Accounts
- Manage Period-end Adjustments
- Manage Statutory Adjustments
- Cumulative Translation Adjustments
- Consolidated Financial Statements
- Drill Down to Transactions
- Report Using Excel Add-In with Drill Down
- Daily Accounting Capability
- Year-end transaction filtering
- Unlimited Budget Imports
- Exclude period end adjusts
- Statutory Chart Mapping
- Adjustment Ledgers
- Multi Output Format Standards
How We Help
Financial Reporting
Mondial Financial Reporting Software
Aggregate, normalize, adjust data no matter how disparate they are to ensure accurate and compliant financial reports in any currency, system or language.
Financial Reporting Tools and Professional Services
“Mondial has provided us with financial reporting tools we really needed. We now have a set of reports that can help everyone who uses them better understand the performance of our business. And as we continue to grow Mondial will grow with us. Selecting Mondial really was a great decision.
Next Generation Financial Reporting
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