Outsourced financial consolidation|Financial Consolidation Outsourcing
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Financial Consolidation

Our financial consolidation outsourcing expertise over the years can help you navigate multiple currencies, mergers and acquisitions, and evolving accounting standards and regulations – such as IFRS and local GAAP.

Group Consolidation

The companies within the group may report their financial statements in their native currency or they may well convert this into the base currency of the group at a fixed exchange rate driven by the parent company.

Inter-Company Consolidation

Tracking intercompany transactions is perceived as one of the most common problems with financial consolidation. Not adjusting intercompany transactions results in consolidated financial statements that do not offer a true and fair view of the group’s financial situation.

Many companies nowadays rely on experts for their financial consolidation outsourcing to avoid the hassles involved as they realize it is more than just adding up numbers from separate financial statements.

Mergers and Acquisitions

Consolidation can become a huge problem if the employees who actually know what the numbers mean or what the underlying policies and processes are, have knowledge pertaining to only the region/industry/domain they are operating in. When the times comes to consolidate these numbers across the mergers and acquisitions, there is a huge delay due to the different modes of accounting in the companies.

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