ProductsGesFinTM - Consolidations
At the core of GesFinTM is a multi-dimensional financial modeling engine that uses a common set of dimensions and hierarchies such as Accounts, Entities, Time, and Scenarios. GesFin is designed to support an unlimited number of additional dimensions and accounts for complex models and consolidation structures. These models and structures can be set up to match the internal framework and relationships within your enterprise. As data is collected or entries are made, GesFin consolidates the models of all business units and subsidiaries on-line and real-time. Financial data can be aggregated across different general ledger or ERP systems with multiple accounting standards or multiple currencies. GesFin’s secure environment and powerful audit trail enables SOX Compliance with stronger controls and improved confidence in the accuracy of financial statements and performance forecasts. GesFin provides multiple data source support with a centralized planning database to store related financial and non-financial data. Eliminations between entities are easily accomplished with user input templates, business rules, and allocations applied by the underlying financial model.
GesFin’s Consolidation capabilities include support for:
- Multiple data source mapping
- Multi-currency
- Inter-company eliminations and balances
- Generally accepted consolidation methods
- Complex ownership structures and alternate hierarchies
- Linking data and figures between separate models structures in real-time
Additional Consolidation features that will be available soon in GesFin 5.5 include:
- Adjusting Journal Entries - including support for balanced, unbalanced, and auto-reversing journals in addition to journal templates
- Export to XBRL 2.1 – support for various formats including IFRS 2009 and US GAAP
