Financial close and consolidation with OneStream
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Main Features | OneStream XF Financial Statement
1. Global financial consolidation and reporting
With the most advanced financial intelligence available on the market, OneStream fully supports regulatory financial reporting requirements, including IFRS, US GAAP, multi-GAAP and local regulations. With OneStream to a quick financial close.
- One data set controls multiple GAAP/IFRS reporting formats.
- Cell-level audit trails provide control over their financial close without compromising performance.
- “Out of the box” approach for complex shareholding relationships and all inclusion types in the consolidation of investments.
2. Powerful functions for intercompany allocations within the framework of your financial statements
Intercompany transactions are automatically made at the level of the first common parent company in each alternative hierarchy. Provide enhanced financial statement insights and visualize the impact of acquisitions and other business changes.
- Automatic intercompany matching at the level of the first common parent company for all hierarchies without complex rules.
- Each intercompany party and counterparty see the local currency, counterparty currency, and group currency at the same time to immediately work together to resolve intercompany reconciliation differences.
- Thanks to ready-made intra-group reports, the status of the reconciliation is always visible, which in turn ensures transparency of the intra-group reconciliation process. Accelerate your financial close with OneStream CPM.
3. Full currency translation and cash flow statement
Redefine financial statements with OneStream and improve insights of the real impact of currency fluctuations on financial statements with full currency translation and get complete cash flow reporting.
- As part of the financial close process, identify new cash flow andSources of profitability by company, department, customer, product, region, or distribution channel and generate reports on them.
- Automatic currency conversion by account and transaction type.
- Automated transfer of historical rates for consolidation of investments.
