Legal Consolidations

The image of a corporation’s fiscal health is represented in the reporting delivered: both externally and internally. The growth of siloed systems, data and expertise makes an enterprise perspective of data difficult.
Finance organizations are continually under pressure to close the books more accurately and more quickly. BPC provides a centralized data repository with up-to-date actuals from your source systems. This level of integration can shave days off your consolidation process, while simultaneously supporting regulatory compliance.

Utilizing SAP’s best-in-breed BPC Consolidation tool provides the ability to generate a centralized view of performance data, and generate financial statements of profit and loss, cash flows, and balance sheets. BPC support a full financial close solution automating the intercompany elimination process, providing insight into enterprise transactions at multiple levels, capturing and translating values in multiple currencies, and defining standard business logic around currency conversions, allocations, ownership, eliminations, and journal entries. Common report templates support relevant reporting standards, including GAAP and International Financial Reporting Standards (IFRS).