Different ERP’s are no longer a barrier to accurate consolidation

Mondial manages consolidations for group companies when some operate different ERP systems, have charts of accounts that are not the same, and even calendar periods that do not match.
 

“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.

Mondial resolves these problems by:
  • 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
Verified by MonsterInsights