Proposed solution

Fincorex^® is an advanced controlling system designed for consolidation and efficient reporting in complex organizations. It enables automatic aggregation of data from multiple companies and business segments, eliminates intercompany balances, and ensures complete data consistency.

With its automated consolidation mechanisms, Fincorex^® allowed full managerial consolidation both at the Group level and for individual sub-groups of companies. The system eliminated intercompany balances in the P&L, Balance Sheet, and Cash Flow statements and enabled the input and monitoring of consolidation adjustments. As a result, the organization gained a clear and comprehensive view of its financial position, from subsidiary-level details to the perspective of the entire Group.

Real-time currency conversion mechanisms provided consistent reporting in any reporting currency, with the option to display figures in thousands or millions. Additionally, the system allowed results to be compared without the impact of exchange rate fluctuations, increasing the accuracy of analyses and variance assessments. Fincorex^® was integrated with the existing statutory consolidation tool, enabling fast transfer of actual performance data for management reporting purposes.

Standardized reporting packages allowed companies to input forecasts and budgets, including adjustments, while built-in validation mechanisms ensured data consistency and accuracy. The solution was enhanced with customized calculation rules for cash flow, cash pool management, and credit limits. The system also supported multiple versions of forecasts and budgets, making it easy to compare them. Integration with Power BI provided controllers with interactive reports and visualizations, significantly accelerating analysis and reporting across the entire Group.