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Jedox Financial Consolidation significantly reduces the resources and time companies spend creating a consolidated financial statement and reporting for the group from the separate financial statements of their subsidiaries. Through automation of standards and more complex consolidation measures, Jedox Financial Consolidation enables greater speed of group-wide reporting for international reporting standards such as IFRS, US GAAP, German GAAP, and many more. The prebuilt finance application follows industry best practices to ensure fast deployment and offers excellent configurability and flexibility to meet custom management and reporting requirements.
The Financial Consolidation application supports the following key consolidation measures:
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Investments· Non-Controlling Interests
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Debt Consolidation
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Intercompany elimination
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Elimination of dividends
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Automated postings for intercompany differences
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Posting Journal for automated and manual journal entries
Test Drive the Financial Consolidation Model from the Jedox Marketplace.
Configuration
Balance Sheet and Balance Sheet (Segment) Dimensions
Balance Sheet_Measure Dimension
BS Account Dimension (Financial Consolidation)
BS Account (Segment) Dimension
Transaction Type Dimension (Financial Consolidation)
Profit and Loss and Profit and Loss (Segment) Dimensions
Profit and Loss Measure Dimension
PnL Account Dimension (Financial Consolidation)
Cash Flow and Cash Flow (Segment) Dimensions
CF Account Dimension (Financial Consolidation)
Currency Conversion
Setting Up Transaction Currencies (Financial Consolidation)
Setting Up Target Currencies (Financial Consolidation)
Configuration of Conversion Types
Setting Up Additional Conversion Types
Conversion from Implicit Local Currency
Conversion from Explicit Source Currency
Comparison of Currency Conversions
Synchronizing Exchange Rates in Forecast and Budget Versions
Intercompany
Intercompany Account Dimension
Other
Month_YTD Dimension (Financial Consolidation)
Legal Entity Dimension (Financial Consolidation)
Partner Entity Dimension (Financial Consolidation)
Create New Business Transaction
Database
Balance Sheet Cube (Financial Consolidation)
Business Transaction Type Dimension
Cash Flow Cube (Financial Consolidation)
Consolidation Rule Filters Cube
Exchange Rates (Financial Consolidation)
Fact Cube Using Currency Conversion (Financial Consolidation)
Profit and Loss (Segment) Cube
_WF Task Assignments (Legal Entity) Cube (Financial Consolidation)
_WF Task Assignments (Scope) Cube (Financial Consolidation)
_WF Task Definition Cube (Financial Consolidation)
_WF Status (Legal Entity) Cube
Business Logic
KPI Calculations (by Version) for Balance Sheet Cube
KPI Calculations (by Version) for Profit and Loss Cube
KPI Calculations for Cash Flow Cube
Financial Consolidation Procedure
Data Validation
Data Validations Business Logic
Configurable and non-configurable Data Validations
Consolidation Engine
Workflow Building Block
Special Features in Workflow for Financial Consolidation
Investment Register
Reports
Separate Profit and Loss Report
Consolidated Balance Sheet Report
Consolidated Profit and Loss Report
Configuration Report (Financial Consolidation)
Data Collection Report (Financial Consolidation)
Cash Flow Mapping Report (Financial Consolidation)
Group GAAP Corrected Breakdown Report
Separate Business Combinations Report (Part of Separate Balance Sheet)
Separate Changes in Equity Report (Part of Separate Balance Sheet)
Separate Intangible Assets Report (Part of Separate Balance Sheet)
Separate Investment Property (Part of Separate Balance Sheet)
Separate Property, Plant and Equipment (Part of Separate Balance Sheet)
Consolidated Property, Plant and Equipment (Part of Consolidated Balance Sheet)
Consolidated Business Combinations Report (Part of Consolidated Balance Sheet)
Consolidated Intangible Assets Report (Part of Consolidated Balance Sheet)
Consolidated Investment Property (Part of Consolidated Balance Sheet)
Consolidated Changes in Equity Report (Part of Consolidated Balance Sheet)
Updated November 4, 2024