INSIGHT for Planning and Consolidation, delivers integrated budgeting, and forecasting capabilities with management and consolidation functionality in a single application in line with IFRS. The solution is adaptable and flexible to allow for Local GAAP consolidation and reporting.
Delivers pre-built consolidation process integrated with data from the core ERP or Finance System providing tailored, out-of-the-box planning templates, reports, ratios and dashboards.
This innovative solution gives access to intelligent features delivered by SAP Cloud Technology.
INSIGHT for Planning and Consolidation is designed to empower your teams and allow them to control the planning and consolidation process. Deliver a faster, more accurate financial close and consistently manage the changing of reporting and international accounting requirements.
This complete solution is typically up and running within 8-12 weeks giving a rapid return on investment. With 50% time saved in producing accurate financial statements and 35% reduction in month-end processing times.
Key Features:
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Time and Version dependant ownership register, which allows like for like reporting of different consolidation structures.
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Automated consolidation adjustments inc Reclassifications, Consolidation of Investments, Reclassifications, NCI and Intercompany
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Intercompany matching and Eliminations
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Includes calculation for indirect cashflow
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Out of the box financial statement reporting (Balance Sheet, P&L and Indirect Cashflow)
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Adapatbale to allow local GAAP consolidation
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Automated currency translation and constant currency reporting
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ERP agnostic
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End user driven solution – no reliance on IT
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Ability to consolidate budgets and forecast for a full comparative reporting outlook
FAQs
Does this need to have a SAP ERP/Finance system?
No, the solution is ERP agnostic and SAC’s data connectivity capability allows this to connect to SAP and Non-SAP source systems
Can the solution be used for planning?
Yes, there are out of the box planning input templates with the capability to upload flat files as well. It can also extended for driver based planning scenarios such as Workforce and Sales Planning.
Can the solution hold supplementary data?
Yes, this can be captured through input templates or flat filed in. Solution can be used to capture Management Performance data but also Supplementary notes for Year End Disclosures.
Does the solution provide a cashflow?
There is indirect cashflow as part of the solution, based on GL account and movements. The solution can be extended for Direct Cashflow
