Consolidation & Close

Reduce Risk, Save Time, Become Agile

We understand the struggle. Consolidation and Close is vital to understanding the overall fiscal performance of an organisation. It has to be done but it can be a long, drawn out process. Compiling siloed reports, manual data entry, Excel Hell - these are suboptimal solutions that are vulnerable to error, and costing your business time and money. 

As a growing business, you need to make the change but you need to do it quickly.

Clarivos has a number of out-of-the-box Consolidation packages that'll save you crunching numbers and worrying about compliance. Instead, we’ll help you spend that time closing the books faster, and making data-driven decisions with greater confidence.  

Key Benefits

We'll help you: 

  • Reduce Risk - Increase security and achieve greater control over your organisation, business information, and operations. Getting rid of spreadsheets and paper based systems means more lost data
  • Get More Valuable Insights - Benefit from a straightforward enterprise-wide consolidation & close process in a single platform.
  • Save time - Automation means less time doing data entry, elimination, and consolidation. Close the books faster. Spend more time driving better decisions and strategy.
  • Become Agile - Continuous consolidation integrates seamlessly with ERP. Real time data lets you predict, adapt quickly and easily to new challenges and changes to company structures.
  • Become Compliant - Clear and detailed audit trails spanning the entire organisation means transparency, traceability, and accountability. 
  • Take Control - Standardise information and provide a single source of truth for your organisation. Ensure consistency across consolidation and close
  • Get Running Quickly - Our pre-built solutions are IFRS and GAAP compliant and ready to go, shaving 62% off the implementation process.
  • Close the books faster - Through automation of the data loads, validations and consolidation postings accelerate the process and reduce the time spent closing the books.
  • Consolidate Continuously - ERP Integration allows for Continuous Consolidation in real-time, throughout the period and shaving days off the period-close cycle.
  • Work smarter together - Improve work allocation and teamwork with efficient and transparent workflows, and leverage reporting tools, dashboards, and ad-hoc analysis into your consolidation process.


Solutions in Action

What We Offer

62
%
Time saved
Out of the box

With over 250 consolidation projects we have developed pre built solutions which address IFRS and GAAP requirements.

This will reduce your costs and the time to deployment. One solution for consolidating Actuals, Budgets and Forecasts.

Close the books faster

Through automation of the data loads, validations and consolidation postings accelerate the process and reduce the time spent closing the books.

Continuous consolidation

Our Consolidation solutions whether on premise or cloud based integrate seamlessly with ERP and facilitate many data sources. With ERP Integration we can introduce the concept of Continuous Consolidation throughout the period and shave days off the close cycle.

Continuous collaboration

For transparency and control, collaboration is essential. Consolidations are managed through workflow, a validation monitor and a consolidation cockpit. A variety of reporting tools allow for Financial reporting, Dashboards and Adhoc analysis. Users can drill through to consolidation and ERP transactions for the details behind the consolidated number.

Traditional Planning & Consolidation
Average Clarivos Implementation Time

With over 250 consolidation projects we have developed pre built solutions which address IFRS and GAAP requirements.

This will reduce your costs and the time to deployment. One solution for consolidating Actuals, Budgets and Forecasts.

Through automation of the data loads, validations and consolidation postings accelerate the process and reduce the time spent closing the books.

Our Consolidation solutions whether on premise or cloud based integrate seamlessly with ERP and facilitate many data sources. With ERP Integration we can introduce the concept of Continuous Consolidation throughout the period and shave days off the close cycle.

For transparency and control, collaboration is essential. Consolidations are managed through workflow, a validation monitor and a consolidation cockpit. A variety of reporting tools allow for Financial reporting, Dashboards and Adhoc analysis. Users can drill through to consolidation and ERP transactions for the details behind the consolidated number.

Client Testimonials

Testimonials

"
Our assigned Clarivos consultant during the migration project quickly understood all our needs and was extremely professional and knowledgeable. Clarivos understood the impact of any delays and scaled up resource when needed to ensure that we went live on time.
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I like building and optimising systems, and working with our Clarivos consultant as an embedded member of the team allows us to continually improve.
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Clarivos consultants have been excellent in terms of their ability to come up with designs that suit us really well. They understand our limitations too and that it’s not always about implementing the perfect solution – it’s about implementing the solution that’s right for LOR.
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Throughout the development and delivery, Clarivos were a true solution partner - fully committed to our strategic objectives and the successful fulfilment of the project. Their pragmatic and flexible approach to project scoping enabled us to deliver on time and on budget.
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Technology Solutions

SAP Business Planning & Consolidation

SAP Business Planning & Consolidation (or SAP BPC) is an EPM system, delivering Planning, Budgeting, and Forecasting, Management and Compliance into a single application. Benefit from true

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SAP S/4HANA Group Reporting

SAP's next generation tool for financial consolidation and close for both S4 HANA On-Premise and Cloud customers. Continuous Accounting with SAP S/4 HANA Group Reporting

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CCH Tagetik - Financial Transformation Platform

CCH Tagetik - Financial Transformation Platform

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Planning and Consolidation

No more silos. No more endless consolidation efforts. Enterprise planning at its finest.

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“We can now execute consolidation much faster and with appropriate access control and data security", Laing O'Rourke

Read how we engineered Laing O'Rourke's biggest transformational change to their finance systems using CCH Tagetik.

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