Home > Products > FESA Financial Consolidation

FESA Financial Consolidation, empowered by FlexSystem Enterprise Software Architecture (FESA), is the next generation of accounting system specializing in group consolidation and budgeting. It is realized that traditional accounting systems cannot fulfill dynamic changesof user requirements. To compare FESA Financial Consolidation with other accounting systems, the system has a built-in computing engine catering business and validation rules to automate and control how financial data is collected, transformed, stored and consolidated.

Key Benefits:
 
- Minimize lead time of financial closing ¡V monthly closing for group consolidation can be reduced to a day
- Improve relevance of financial information ¡V the system allows same set of data source be utilized for generating relevant financial information for different purposes
- Extended usability ¡V designs of each application system are as concise as possible, so users can be familiar with the operations quickly
- Minimize tedious tasks ¡V users can leverage their skill to handle strategic analysis and presentation rather than tedious tasks
- Perpetual system ¡V the system is able to follow new accounting practices through our continuing effort to configure new business rules into the system
 
 

Key Features:
 
- Support different types of data source for consolidation including transaction, voucher, trial balance and financial report
- Different scenarios can be kept. For example, first scenario is to comply IFRS and second scenario is used to monitor business performance by adopting more suitable measurement rules
- For each batch of incoming financial data confirmed for processing, relevant vouchers can be overwritten automatically until period end closing is executed
- Support multiple exchange rate types including opening rate, closing rate, average rate, historical rate and composite rate
- Automatic currency translation including the computation of exchange realignment for certain non-current assets and liabilities
 
 
 
  Enterprise Solutions Suite

Financial Management
Inventory Control
Sales Oder
Purchase Order
Material Control
Human Resources
Financial Information ON-line (FION)
Enterprise Information Support System (EIQX)
FlexBMS for Trading Industry
Workflow Management
FESA Financial Consolidation
 
 
 
Brochure Download
Case Reference
   
 
 
 
 

Copyright © 2010 FlexSystem Limited. All Rights Reserved. All other trademarks are the property of their respective owners.