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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.
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Minimize lead time of financial
closing ¡V monthly closing for
group consolidation can be reduced
to a day |
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Improve relevance of financial information ¡V the
system allows same set of data source be utilized for
generating relevant financial information for different purposes |
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Extended usability ¡V designs of each application system are as
concise as possible, so users can be familiar with the operations
quickly |
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Minimize tedious tasks ¡V users can leverage their skill to handle
strategic analysis and presentation rather than tedious tasks |
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Perpetual system ¡V the system is able to follow new accounting
practices through our continuing effort to configure new business
rules into the system |
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Support different types of data
source for consolidation including
transaction, voucher, trial balance and
financial report |
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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 |
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For each batch of incoming financial data confirmed for processing,
relevant vouchers can be overwritten automatically until period end
closing is executed |
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Support multiple exchange rate types including opening rate, closing
rate, average rate, historical rate and composite rate |
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Automatic currency translation including the computation of exchange
realignment for certain non-current assets and liabilities |
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