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Leading company in technology services and applications consulting, with more than 30 years making history in the Panamanian market.

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Financial consolidation and closing successes

Get started quickly with built-in best practice functionality, including dynamic calculations.

Reduce your need for customization, because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.

Reduce the time it takes to meet global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.

 

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Service for multinational companies, with subsidiaries in different countries, that require the presentation of consolidated financial information. We offer the management of financial information in an optimal way, supporting, in an integral way, the financial consolidation process of a group of companies, which allows unifying information from different sources, from real data such as budget scenarios, forecast, statistics, simulations .

Profits:

  • Reduction of the margin of error of the processes and manual adjustments.
  • Auditable process.
  • Reduction of the consolidation cycle and presentation of consolidated financial statements.
  • Exchange rate conversion management.

Oracle Cloud EPM Financial Close and Consolidation

Predefined best practices

Get started fast

Get started quickly with built-in best practice functionality, including dynamic calculations.

Meet your needs without customization

Reduce your need for customization, because cash flow, balance sheet, income statement, transfers, calls to action and more are calculated automatically.

Easily meet global reporting requirements

Reduce the time it takes to meet global reporting requirements, including International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) with a preconfigured consolidation model.

Global, advanced consolidation and closure

Perform complex consolidations

Increase the accuracy and speed of the closing process by reclassifying, adjusting, and removing data for any hierarchy with pre-built consolidation support. Easily work with the most complex legal and administrative rollups that may have unique reporting and calculation requirements.

Manage KPI

Manage closure by automatically tracking key metrics across the organization. You can use out-of-the-box calculations or easily create them for specific business requirements.

Automate intercompany deletions

Reduce manual labor by using standard automatic intercompany eliminations. There are additional capabilities to customize if necessary.

Translate currencies

Increase the accuracy of your consolidation by using standard or customizable currency translations.

Consolidate globally

Consolidate your global organization with GAAP-based applications that have full monetary support, intercompany eliminations, capital eliminations, adjustments, and detailed data source tracking.

Intelligent Process Automation (IPA)

Automate consolidations

Gain efficiencies with advanced technologies that automate background consolidations, eliminating manual efforts.

Organize a connected closure

Optimize end-to-end closure with automated process monitoring, integration and workflow capabilities. Centrally manage and publish journals directly to any ledger.

Automate narratives in reports

Reduce time and add information to reports by generating narrative comments.

Compliance and transparency

Enable audit compliance

Provide transparency and audit compliance for tasks such as journal adjustments with forced segregation of duties, data changes, visible calculations, and user activity log. Always see what changes have been made and who has made them.

Incorporate supplementary data

Provide a complete picture of statement balances by collecting supporting details. Easy-to-create templates help with signatures, validations, and drill-through from source to create footnotes, statement analysis, and track detailed information.

Case of success

 

Download a Financial Consolidation brochure




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