Consolidation and financial close
The key features of the CCH Tagetik consolidation solution are:
Consolidation Cockpit: CCH Tagetik has a cockpit specially designed for close and consolidation process. This cockpit gives you the means to monitor each consolidation process and analyse the end results thru consolidation engine. Cockpit also show which steps are needed and in which section of consolidation process those should be performed.
Intercompany Cockpit: The IC cockpit in CCH Tagetik allows you to monitor all the transactions, match entities using graphical interface and define account groups and thresholds.
Multi- GAAP & IFRS: Perform multiple GAAP or IFRS adjustments on the same data. All the changes are saved in an easily auditable form for IFRS, IAS, local or US GAAP and all data is effortlessly retraceable back to its original source.
Multiple currencies, exchange and interest rates: The CCH Tagetik can handle all conversion types and perform consolidation and close using preferred currency. All the exchange and interest rate changes are saved into the system so that profits and losses can be examined using different scenarios.
Calculation engine and complex rules: You can define multiple consolidation scenarios and rules for different level to gather consolidation information. You are able to use automated calculation logics: minority interest, equity validation, elimination of financial investments, deferred tax calculation and many more.
Data validation and presentation: With diagnostic checks and automated validations you can ensure the integrity of the data you are importing to the system during ETL and consolidation process. After validation data can be finalized and locked which means that data can no longer be altered.
Other features of the CCH Tagetik consolidation solution include:
Self-service reporting and analytics: Create reports, visual analytics and dashboards without IT department. Perform complex calculations and create dynamic pivot tables to quickly analyse data with no delay.
Microsoft Office: CCH Tagetik integrates seamlessly with Microsoft Office products and supports multiple formats like PDF, PPT, HTML, and XML.
Collaboration tools: Multiple persons can work concurrently with the system and automatically populated data. Communication tools include: IM, share, comment and send for approval.
Audit trail and workflow: All the changes to data: by who, what and when are stored to the system. Organisation wide task list, status and approval process.
Unified CPM solution: Create agile end-to-end process which brings together budgeting, modelling, forecasting, consolidation and financial reporting in one unified CPM solution.