Financial Reporting and Consolidations

 

For SAP Business One Users

Why Businesses Are Turning To Mondial

Consolidating accounting data held across different databases, servers and even ERP systems can be tricky. Throw in additional complications such as charts of accounts that don’t match, company year-ends that don’t coincide, trading periods of different lengths, and multiple operating currencies across the group, and corporate accountants finish up with a spreadsheet nightmare. Mondial automates consolidations even when all of these scenarios occur, making group reporting challenges a thing of the past.

 

Reduced Risk, Improved Accuracy and Peace of Mind in Financial Reporting

A

The charts of accounts in your different systems don’t match and are difficult to align in consolidated reports

A

Some companies operate in different currencies and translation is a spreadsheet nightmare

A

You have companies with different year end dates and there is no way to exclude year-end write down data

A

Some companies have unusual or different accounting period structures and it hard to align the systems

A

Your elimination entries are calculated in a spreadsheet so you lose the audit trail to final balances

A

Local accounts are prepared to a different GAAP or IFRS standard and adjustments are needed

A

The statutory reporting chart of accounts is completely different from your ERP system

A

Your current reporting tool only supplies balances so you cannot drill down to the actual transaction data

Watch this short, free video. Get a sense of how Mondial painlessly solves the problems of multi-ERP, multi-currency, multi-GAAP reporting, using transaction-level data to produce individual company and consolidated financial reports that involve no programming, scripting, spreadsheets, or IT help. 

As you can see, Mondial is powerful and easy to use. It protects the huge investments your company has made in its ERP systems by aggregating accounting transaction data from different sources with no upgrades or changes. Mondial provides finance professionals at all levels with the ability to improve accuracy, even when GAAP/IFRS and other adjustments are required to get the data right. Mondial offers reliable decision-support for senior executives and ensures increased confidence in the quality of reports submitted to investors and regulatory authorities. 

To learn more please contact us. You can sign up for a webinar, arrange an informal conversation or – if you’re not quite ready – download and read our white paper to understand more about our approach to solving the challenges you face. 

We look forward to hearing from you.  

Contact Us

Americas +1 888 248-1071

Europe +44 20 3918 6671

info@mondialsoftware.com

Get Started

Book a no-obligation appointment to discuss your needs and learn whether Mondial is a good fit for you.

Verified by MonsterInsights