SAP BusinessObjects Financial Consolidation (BFC)
View one of our BFC related on-demand webcasts with DNB ASA - Norway's largest financial organization!
Complex IFRS & Regulatory Consolidation & Reporting in SAP BFC
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With greater scrutiny given to reporting of figures for investors, the need to maximise profit and adhere to ever changing regulatory reporting, SAP BusinessObjects Financial Consolidation (BFC) software is the solution for companies looking to improve and speed up their financial close – without sacrificing quality control and compliance.
BFC has a particularly strong focus on statutory consolidation requirements within large multinational organisations that have complex and evolving corporate structures across multiple reporting standards (e.g. IFRS and local GAAP).
Beyond traditional statutory consolidation, BFC supports the collection and consolidation of non-standard/regulatory reporting and budgets, plans & forecasts in the same environment.
With its in-built, control-centric data collection environment, BFC helps companies gain confidence in the underlying data being delivered by subsidiaries. Financial data is auditable through every step of the consolidation process, allowing companies to gain maximum insight to their figures.
The complex accounting adjustments needed to produce consolidated financial statements (e.g. equity eliminations, minority interest calculations) can be automated directly in the application by the Finance function– no scripting or involvement from IT departments is required.
Users can choose from web browser, rich client or Microsoft Office to interact with BFC’s easy and intuitive interface.
Column5 and SAP BusinessObjects Financial Consolidation can help your organisation to improve operational effectiveness and gain new insights to your financial data along with confidence in the figures themselves.