The collection and preparation of consolidated financial statements is a critically important process for a group of companies, which involves numerous financial aspects. It is important to understand that each company within a group has its unique financial and accounting reporting structure that must be taken into account during consolidation. Additionally, each country has various tax and financial requirements that must also be considered when preparing consolidated financial statements.
On the other hand, the consolidation process can be very labor-intensive and costly. Including a large amount of data that needs to be processed and analyzed can lead to errors and delays in the reporting deadlines.
We are excited to showcase N.Progression IFRS - a solution for financial data consolidation in Business Central. With N.Progression IFRS, the process of collecting and normalizing data across a group of companies becomes a deeply automated process that minimizes the role of human factors in data processing and allows financial specialists to focus on the substantive parameters of reporting rather than the process itself.
Get the competitive advantage by using the proven solution for IFRS at the workshop on April the 25th. Learn the experience of the leading companies that have already evaluated N.Progression IFRS benefits!
– Transactional method of data transformation and consolidation
– Flexible rules for transformation chart of accounts and dimensions
– Currency conversion
– Automatic calculation of adjustments
– Reporting collection
Financial and IT directors, managers, CIOs, and all roles responsible for IT business success.