Financial Consolidation & Reporting

Financial consolidation and reporting is the traditionally complicated, manually intensive process of aggregating an organisations financial performance across its businesses to provide a consolidated view.

M-Power's consulting team combines a unique blend of accountancy qualifications with extensive experience of building consolidation models. This combination of technical know-how and business acumen is invaluable when designing solutions for the management and statutory consolidation of financial data.

We help organisations transform and streamline their consolidation processes, delivering distributed systems that gather relevant information from disparate subsidiaries, companies and cost centres to deliver financial reporting to management at a local level. This can then be submitted upward through the organisational hierarchy, where it can be consolidated and used for both internal management reporting and to prepare the external statements that are used, for example, in the month end and Annual Reports.

Some of the benefits organisations achieve through implementing financial consolidation solutions include:

• Automated data collection speeds up consolidation and reporting to support Fast Close objectives.
• Standardises management reporting.
• Reports are designed to comply with strict accounting and statutory regulations.
• Provides granularity, transparency and auditability of consolidated financial results for audit and regulatory investigation.
• Tackles accounting challenges such as currency translation, revaluation, intercompany movements and minority interests.