Finance-owned Consolidation Software

Financial consolidation is a mission-critical process that involves collecting and consolidating sensitive financial information. Host Analytics Consolidation offers role-based security, workflow, audit logs and audit trails delivering your single source of financial truth.

Key Advantages

Single source of truth

  • Capture financial results at a consolidated level for all entities in the organization.
  • Finance, accounting, and business teams can use these actuals in financial reports, budgets, plans, forecasts and models.
  • Host Consolidation is the single source of truth.

Deploy quickly

  • Includes pre-built consolidation functionality for currency conversion and reporting, currency translation adjustment calculations and posting.
  • Supports journal entries, reclassifications, inter-company eliminations, partial ownership, organization by period, and alternate hierarchies.
  • Supports multiple sets of books for IFRS, US GAAP, Tax, and management reporting.

Finance self sufficiency

  • It is critical that the accounting team can make all required functional, administrative and setup changes without the need for IT.
  • No scripting or custom programming is needed to configure Host Consolidation.
  • Increases team agility and reactive to changes in organization, strategy, regulations, and accounting standards.

Global reporting

  • Entities within your organization may run a diverse range of ERP and accounting systems and have a wide variation in their chart of accounts.
  • Automatically map financial data from all entities into a common chart of accounts for consistent and trusted global reporting across the entire organization.

Financial transparency

  • Accountants need to see the lineage of their financial data, tracking changes from starting balances through journal entries, inter-company eliminations, to ending balance.
  • Consolidation activity is available as a reporting dimension, accountants can look at financial data across any consolidation activity providing the story behind any number.

Key Features

Out-of-the-box journal entries and reclassifications

Post journal entries and process account reclassifications with built-in financial logic that automatically accounts for debits and credits, MTD and YTD balances, currency types, and assets, liabilities, revenues, and expense account properties. Since journal entries and reclassifications come out of the box, you don’t need to know any complex coding or depend on expensive consultants to automate your monthly consolidation process.

Built-in workflow

Know where you are in the close process at all times with Workflow. Located in the Consolidation Control Panel, Workflow provides a visual snapshot of who and what work is completed, and what work is yet to be done. See which entities have submitted and validated trial balances, completed inter-company eliminations, and processed their consolidations.

Simply support complex corporate structures

Automate all of your critical close activities from multiple ERP systems in Host Analytics. With Host Analytics’ Consolidation system, you can map all your entities to a single chart of accounts for consistent global reporting across the entire organization.

Flexible financial reporting

Report financial results using alternate hierarchies or org-by-period hierarchies so that you can see and validate business performance in the views that are meaningful to your business leaders. Customize fiscal year end dates based on how and when you close the books.

Additional Features

Built-in GAAP & IFRS support
All activities, workflows, and statutory financial statements conform to the latest global accounting standards. Built-in and configurable layouts for Balance Sheets, Income Statements, Statements of Cash Flows. Publish reports in EDGAR-compliant HTML and XBRL formats for regulatory reporting.

Currency conversion
Consolidate, translate, and report foreign currency in accordance with the latest standards and leverage foreign currency rate data feeds. Incorporate currency exceptions with a single click. Review foreign exchange rates and let the platform calculate currency conversion and CTA, automatically.

Automatic data refresh
Quickly load summary balance or transaction-level data from any general ledger, ERP, or other business system . Take your process to the next level by automating the data connections from your ERP and other source systems directly to Host platform.

Security and audit trails
Strong internal controls and security ensure that only authorized users can access designated areas. Audit logs and reports are searchable and provide transparency into what adjustments were made and by whom.

White Papers
Best Practices in Financial Consolidation

Learn to modernize your financial consolidation & reporting process and evaluate modern finance solutions.

On-demand Webinars
4 Tips to Achieve the Elusive Zero-Day Close

Learn the steps your organization can take to reduce your time to close from weeks to a matter of days with a well-configured EPM.

Analyst Reports
2018 Gartner Reports for Cloud Financial Close

Host Analytics is again named a Leader in the Gartner Magic Quadrant for Cloud Financial Close Solutions.

We’ve been very happy with Host Analytics and the CFO Solutions team, which led implementation, and I look forward to discovering new ways to improve our business — we signed a three-year agreement, so we’re betting on Host Analytics for long term.
Gary Kolanda Medrobotics Controller

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