FESA Consolidation
Enhancing Efficiency in Financial Reporting
Why FESA Consolidation?
FESA Consolidation is a high-speed platform that automates and streamlines group financial consolidation and budgeting to improve efficiency, internal control, and shorten closing time while ensuring regulatory compliance and supporting versatile reporting deployment across various devices and formats.
Benefits
Accelerate Closing
Drastically reduces financial closing time, shifting focus to strategic analysis and enhancing shareholder value
Harmonize Data
Uses a single, reliable data source for all reporting needs, making IFRS/GAAP reconciliation fast and simple
Simple Operation
Offers a highly user-friendly design for quick system familiarity and operation
System Continuity & Adaptability
Ensures system continuity by easily adapting to new accounting rules through configurable settings
Product Features
Automated Processes
Full automation of the consolidation process cuts monthly closing time to a single day
Multiple Data Sources
Support for various data types, including transactions and financial reports for consolidation
Scenario Generation
Create different financial scenarios for compliance and performance monitoring
Automatic Data Management
Overwrite relevant vouchers automatically upon data confirmation until the closing period
Currency Translation
Automatic support for multiple exchange rates and currency realignment computations
What
Our Clients Say
FlexAccount V13 - new release of FlexAccount Financial Management System
FION V13 - best practice of Financial Reporting on spreadsheet
Explore Our
Suite of Solutions
There is a full range of software applications under FlexSystem Enterprise Solution working with you:
Frequently Asked Questions
FESA Consolidation is dedicated to improve efficiency and internal control over the preparation of consolidated financial statements and the related performance management process for a group of companies.
It provides a high-speed platform with a totally automated consolidation process, which drastically minimizes the lead time of financial closing. For example, monthly closing for group consolidation can potentially be reduced to as little as one day.
FESA Consolidation can generate different scenarios. For instance, one scenario can be configured to comply with IFRS requirements, while a second scenario can be used for internal business performance monitoring based on specific measurement rules.
The system is designed to support different types of data sources for consolidation, including financial information from transactions, vouchers, trial balances, and financial reports.
