Different ERP’s are no longer a barrier to accurate consolidation
““IF YOUR GROUP SUBSIDIARIES LOVE SAP BUSINESS ONE, PLEX, NETSUITE, SAGE, QUICKBOOKS, ACUMATICA OR JUST ABOUT ANY ACCOUNTING SOFTWARE YOU’LL LOVE MONDIAL’S CONSOLIDATION FEATURES.”
Managing a group of companies that operate in different ERP systems, chart of accounts, calendar periods that don’t match up can be a daunting challenge. To make matters worse, these companies may also be operating in different countries, with different tax rules and regulations.
- Misaligned charts of accounts are mapped to standardized group charts for consistent reporting
- Mapping to statutory charts of accounts to meet local reporting disclosure formats
- All foreign transactions are automatically translated into all required reporting currencies
- Consolidations can be run even for companies with different year ends or calendar structures
Mondial allows customers to generate statements in GAAP, IFRS, or any other reporting standard, including statutory formats.
The Mondial Process
Mondial is a cloud-based financial reporting and compliance platform that can work with any accounting system to provide accurate, auditable, and meaningful financial statements in the formats required by company management, regulatory authorities, and other stakeholders.
RETRIEVE
Stores every GL, AP and AR transaction from across the group in one secure location in the cloud.
STORE
Holds data in every reporting currency even if that currency is not present in the underlying accounting system
MAP
Maps each local chart of accounts to corporate or local statutory versions for seamless reporting consistency
NORMALIZE
Supports adjustments such as eliminations, revaluation and statutory reallocations to ensure GAAP/IFRS compliance
GENERATE
Offers a secure, easy-to-use report writer that allows the creation of unlimited reports in exactly the format required
ANALYZE
Allows the inclusion of comparative data from an unlimited number of budgets for performance analysis
DRILL DOWN
Includes drill-down from any reported balance to line-item source transaction details for complete auditability
COMPLY
Provides multiple output formats including On-screen PDF and Excel as well as the output for electronic submission
Intuitive, flexible, affordable, globally focused cloud accounting hub and financial report writer
Management Control
Group Consolidations
Regulatory Compliance
- Management formats
- Operating currency
- Actuals v Budgets
- Variance analysis
- Group formats
- Reporting currency
- Multi-GAAP compliant
- Net of Intercompany
- Statutory formats
- Electronic submission formats
- Local GAAP-compliant
- Fully auditable data
