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Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap

Planful

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. This includes dealing with the following issues: Currency translation. Multi-GAAP reporting (i.e., US GAAP, Canadian GAAP, IFRS, etc.).

GAAP 40
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eBay Points To Payments As Key Q4 Highlight

PYMNTS

The company said revenues were up 6 percent on a currency-neutral basis to $2.87 billion, while non-GAAP earnings came in at $.71 The company will also leverage data in those efforts, and artificial intelligence (AI) will let the company offer tailored listings. By The Numbers . 71 per share. billion and $.68 68 per share.

GAAP 62
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Want a Smoother Year-End Close? Get it Right Each Month and Quarter

Planful

These results then require consolidation following US GAAP or IFRS guidelines. If the business operates in different geographies there will be the additional complexity of multiple currency conversions, intercompany reconciliations and accurate accounting of minority interests.

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ERP and EPM Systems – Better Together

Planful

These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. The need for an EPM solution will emerge.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Our guide to the best FP&A tools compares each vendor based on five criteria: Adoption — How easy it is for users to adopt the technology and learn and leverage its full extent of features and capabilities. It also offers convenient multi-currency management. Customer success.