Consolidated versus consolidating financials

Work directly in Office to build finance reports and board books using the latest data that can be refreshed in seconds.Finally build reports that tell a story with the data.It is based on pre-built and configurable Enterprise Performance Management (EPM) adapters that connect straight to the multi-dimensional financial data and inherits its hierarchies, structures and metadata, without IT dependence and costs.

There are plenty of Microsoft Dynamics AX users who are charged with consolidating parent company financial data from multiple subsidiary entities.

There are plenty of reasons to start shopping around for software to facilitate financial consolidations, but you might identify with two main motivators – both of which have to do with age.

First, some organizations are looking to retire their mature consolidation tool because it is too simplistic to meet modern business demands.

There are also some Dynamics AX users that have tried the native consolidation module that was built into AX 2012 – and found it to be simply too tedious or incapable of meeting their needs.

I’ve had the opportunity to speak with a number of CFOs, controllers, and other financial professionals who depend on Dynamics AX to manage the financials of multiple subsidiaries, sometimes internationally, for parent corporations.