FINANCIAL CONSOLIDATION AND REPORTING

Reviewing basic financial statements on a legal entity basis or line of business basis alone is no longer enough. The “street” is starting to ask the more detailed questions focusing on customer, product and brand, and CFO’s are compelled by laws and regulation to answer. The implication is that the common data model (the standard dimensions by which they review and manage their organization) is going to play a bigger role in their ability to meet these new regulations.

How can CFOs answer the more detailed questions that could have a material impact on their financial statements? What changes to their organization’s financial reporting system are required? What are the organizational benefits to implementing a common data model across the various views of financial information?

Archstone Consulting’s CFO Advisory Services practice focuses on enabling greater information transparency across the enterprise through marrying traditional financial statement information with the necessary data dimensions to help determine material impacts. Through its Finance Consolidation and Reporting methodology, Archstone Consulting helps companies overcome the statutory and regulatory reporting challenges facing management today.  Some challenges that we help companies overcome include:

• Enabling real-time disclosure of material financial conditions due to real-time / on demand reporting across the organization
• Building seamless integration across legal entities and segments as a result of legacy systems, a merger or acquisition, or improperly aligned business units
• Enabling forecast implications by properly breaking down data to model scenarios and understanding the impact of changes to any of the defined data dimensions on the financial or operational condition of the organization

Our team is recognized as having a practical approach to Finance consolidation and reporting. Using our proven tools and techniques we help our clients (1) define the right information and metrics needed to run the business, (2) identify the sources of the information, and (3) develop solutions to deliver this information to the executives’ desktop on a timely basis.

Archstone Consulting is a leader in the development of financial consolidation and reporting solutions, with extensive design and implementation experience with a variety of consolidation applications such as Hyperion HFM and Cognos. Our offerings include the following:

• Financial consolidation and reporting blueprint
• Financial consolidation and reporting systems selection
• Integrated process and technology design
• Implementation support
• Application optimization