Public Sector Accounts’ and Reports’ Consolidation Information System

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Public Sector Accounts’ and Reports’ Consolidation Information System is a centalized consolidation information system, dedicated to all groups of public sector entities, local governments, to prepare state and national consolidated financial statements. Solution is based on SAP BFC and SAP Intercompany platforms.

SAP BusinessObjects Financial Consolidation (SAP BFC) enables to ensure fast financial consolidation and reporting cycle and obtain absolutely reliable data. When expanding or liquidating one’s business, setting up or merging organisational units, or changing the organisational structure, it is hard to maintain unified, accurate and timely financial reporting. Problems related to the use of different currencies are often encountered, different reporting standards are applied, and there is a lack of uniform information. SAP BFC is a reliable consolidation system, which improves the control of divisions and does not encumber business processes.

 

BENEFITS

  • Fast consolidation system
  • The most recent data available, so the information is always relevant
  • Unified and centralized finance ministry’s financial information (eg . The profit and loss , cash flow, balance statements)
  • The ability to compare budget and actual data
  • Automated elimination inter-company processes
  • Conversion of amounts in different currencies
  • Preparation of financial statements according to various standards (GAAP , IFRS)
  • Ensuring compliance with legal requirements and financial reporting standards, audit trail

FUNCTIONS

  • Reconciliation of inter-company processes
  • Elimination inter-company processes
  • Currency conversion
  • Ad hoc queries and reports
  • Deflection analysis
  • Cause analysis

ORDER

Have a question? Want to order?

Darius Ziezys

Sales Director

phone

Phone:
+370 686 38444

mail

Email:
DZiezys@alna.com

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