Host Analytics Consolidator
Visibility and Structure Drives Quick and Controlled Consolidations
With 4 general ledgers and 8 charts of accounts, Pitney Bowes has reduced their financial close process workload by 50% using Host Consolidator.
As you and Pitney Bowes both know, business velocity, a greater international presence, and ever increasing reporting complexities all add up to a greater risk that your numbers will not accurately reflect the state of your business, and results in costlier financial close cycles.
With Host Analytics Consolidator
Visibility and structure reduces the issues caused by velocity and complexity
Quicker financial close results in greater accuracy and greater cost reduction
Cutting the financial close cycle time adds to reporting accuracy reporting
Helping with Sarbanes Oxley
Host Analytics Consolidator reduces the effort of Sarbanes Oxley compliance in financial reporting. Internal and external transparency is improved and complete audit trails are provided.
The control panel manages and processes all financial consolidation tasks
Host Analytics Consolidator goes the extra step by providing an outline and live snapshot of the entire workflow process through the Host Analytics Control Panel which has a closing and locking mechanism built in; if any validation rules or journal entries are not complete, the reporting site and administrator are alerted, and the entire process will display incomplete and data is not rolled up.
Checks and balances
- Displays the steps needed for the conversion and who’s responsible
- Provides status on completion of Sarbanes Oxley checks and processes
- Enables the administrator to view the entire status of the consolidation process
- Identifies and prevents bottlenecks
- Allows the administrator to execute tasks
Built-in financial consolidation and reporting functionality
- Business rules, not cryptic scripts, offer a simple way to manage the complexity of the consolidation process.
- Organization rules manage the complexities of minority interest calculations, subsidiaries on multiple fiscal years, complex equity ownership, multi-level elimination journal entries and multiple accounting methods.
- Currency conversion rules manage currency conversion based on FASB 8, 52, and 95, including the temporal method of currency conversion as required for re-measurement or hyperinflationary environments.
- Allocation rules allow for the configuration of multi-level allocations across divisions and departments.
- Consolidation rules manage the sequence and processing of subsidiaries in the financial consolidation process.
Host Analytics Consolidator is your key to success
For closing, reporting and compliance, Host Analytics Consolidator speeds the process, improves accuracy and gives decision makers the financial data they need in order to evaluate alternative investments.
The bottom line is, if it’s your job:
- To provide a clear and accurate view of your company’s financial results
- To reduce risk
- To uncover important details and spot new opportunities
- To provide the tools for executives to do the same
Host Analytics Consolidator provides the system you need to accomplish these goals.
Multi-Tenant SaaS means no software to install or maintain
Implementation timeframe Deploy only one application to everyone. You can be up-and-running in record time.
Upgrade frequency Multiple transparent upgrades are released each year so everyone receives the upgraded application simultaneously and has access to the newest features.
Customization in a multi tenant environment You get the best of both worlds, we can customize the software to meet your needs because of our flexible architecture, yet you get the benefits of SaaS from a multi-tenant frequent upgrade environment. Our architecture and multi-tenant approach allows you to avoid the old, rigid, risky, and expensive software development methods. This results in a low-cost, low-maintenance planning and budgeting solution which adapts as your business evolves.
Integration The integration between Host Analytics Scorecard, Host Analytics Consolidator and Host Analytics Budget allows you to do your strategic plan and encapsulate it in Host Analytics Scorecard, link it to the plan, and then produce consolidated financial statements all using the same database and same reporting tools