Financial Reporting and Consolidations
For SAP Business One Users
Why Businesses Are Turning To Mondial
At Mondial we help SAP Business One users achieve significantly improved financial reporting and consolidations. Founded by accountants who understand the pain of the month-end process, Mondial has been designed to reduce time to close, improve the quality of reporting, and make the whole process easier and less stressful.
Reduced Risk, Improved Accuracy and Peace of Mind in Financial Reporting
Mondial is a cloud-based system that aggregates transaction data from each of your operations (including both SAP Business One and other ERP’s) in real-time, even if that data is held on different servers or in different locations.
This provides a foundation from which to provide high-quality financial, consolidation and statutory reports, meeting all of your reporting needs from a single data set with no need for spreadsheet adjustments!
And because Mondial is transaction based, you have full auditability for every report balance through drill down all the way to GL, AP and AR line-level transaction detail!
A Single Source of Truth For Each of the Following
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.
Decision-support reports for management lose relevance if the P&L cannot be filtered by dimension, cost center or segment value. Additional restrictions such as limited drill down to GL, AP and AR transaction detail, an inability to filter out year-end write downs when running annual comparisons, or restricted budget variations when analyzing performance all reduce reporting value.
Mondial automates much of the regular period-end close, handling all these issues, including late adjustments in real-time, and providing the complete picture needed.
Financial reporting for local regulatory authorities that require different accounting treatments or report formatting is non-negotiable. When you have to prepare accounts to an obligatory financial year-end, use a mandated chart of accounts format, or use different GAAP or IFRS approaches, this can generate confusion when it comes to preparing and interpreting reports.
Mondial automates dual ledger accounting, allowing companies to report using multiple approaches simultaneously, and meeting the reporting requirements of all audiences.
To learn more please contact us. You can read our whitepaper, sign up for a webinar, arrange an informal conversation or – if you’re a reseller – learn about working with us to help today’s and tomorrow’s customers.
We look forward to hearing from you.