Consolidation And Reporting

Financial statements are the cornerstone of financial reporting and analysis. An effective consolidation and reporting system ensures that financial statements reflect the true nature of the business. Consolidation and reporting of financial data is important to provide accurate and meaningful data that conforms to generally accepted accounting principles and regulatory requirements..

The Problem

The process of generating financial statements has traditionally been both time and effort intensive. Since financial statements were prepared only after the end of an accounting period, most managers did not have access to updated information which could help them make fast, informed decisions. Recent developments like enforcement of Sarbanes-Oxley Act have made it mandatory for organizations to ensure accurate financial reporting..

2PI’s Value Differentiator

2PI Solutions will work with you in analyzing your business needs and current systems to identify and implement a financial statement consolidation and reporting solution to meet these needs. Implementing automated systems will enable timely and accurate reporting that can be integrated across the organization. Such systems will also ensure that ad-hoc reports can be generated so as to gauge current positions and use this data for future planning. The result is efficient and faster auditing, budgeting and quality control processes. Consolidated statements and reporting will ensure adherence to regulations including the Sarbanes-Oxley Act.