Adaptive Consolidation: Financial Consolidation Software

Adaptive Consolidation is a comprehensive, cloud-based financial consolidation software. This application offers an integrated suite of products that have been built on Adaptive Insight’s easy to use financial modeling engine.  The solution is based on simple and intuitive rule definition that makes complex processes easy and pain free.  This software allows allocations to be performed, intercompany eliminations to be generated, and consolidations to be finalized live with no processes submitted or batch jobs required to run.  Adaptive Consolidation allows users to drill down and delve into details of consolidated figures.

Financial Consolidation

• Quicker, more accurate financial consolidation, close and reporting cycles
• Enhance visibility, audit and control with financial consolidation software
• Learn how performance is tracking against expectations more promptly
• Fast-track reporting cycles to internal and external stakeholders
• Comply with accounting regulation and standards

Actuals Data Partitioning

• Actual data partitioned for flexible categorization, security
• Discern imported actuals from adjustments
• View and report on rolled up actuals from all sources with financial consolidation software
• Effortlessly determine where actual data came from
• Regulate what users can see and do with actual data

Intercompany Removals

• Enhance data integrity with eliminations that are always in balance
• Simplify with intuitive Elimination Rule Manager
• View intercompany eliminations in journal-entry format
• Rules for financial consolidation are flexible and date-effective
• Manage and monitor intercompany eliminations in real-time

Minority Interest

• Enforce checks and balances by seeing everything in one place
• Automate controlling and non-controlling interest consolidations
• Simply and quickly define consolidation percentages
• Perform what-if scenario analysis of changes in ownership interest
• Support IFRS and GAAP ownership change reporting

Allocation Planning

• Straightforward, intuitive interface and rules as opposed to complex formulas
• Increase accuracy with allocations that are always in balance
• Streamline effort with the ability to manage rules in one place
• Financial consolidation software that adapts to change with date-effective rules
• Enforce checks and balances by accessing everything in one place

Multiple Currencies

• Decrease complexity of multi-national planning and reporting
• Actual data and plan integrated in local currencies
• Improve accuracy and save time with automatic conversion
• Use various exchange rate types, including historical
• Automatic Cumulative Translation Adjustment allows you to simplify

Reclassifications

• Effortlessly accommodate changes to accounting guidelines
• Reclassify accounts when consolidating subsidiaries to a parent company
• Specify time period, version, & which accounts & entities should be reclassified
• Use Cell Explorer to drill into values & see original & reclassified accounts

Journal Entries

• Ensure that updates to GL account balances are balanced
• Completely eliminate one-sided entries and debits must equal credits
• Establish who made changes to entries and when with audit trail reports
• Drill into account details, including journal entries, with Cell Explorer
• Export entries back to the GL

Process Tracker

• Escalate accountability, involvement, and collaboration in any process in your organization
• Outline deliverables, assign them to users, monitor their status, and track their closure
• Accelerate creation of repetitive processes like fiscal period close with the task copy function
• Access up-to-the-minute process status, progress, and task completion with at-a-glance graphs