Enterprise Resource Planning (ERP) systems were set up to offer organizations with a single platform to manage analysis and reporting purposes. ERP vendors failed in delivering the same. To solve this, Host Analytics improvised ERP best practices with its enterprise performance management (EPM) software to fulfill the demands of finance departments.
Host Analytics EPM software leverages ERP best practices through efficient consolidation and reporting of operational and financial data. It helps in the following ways:
- Easily manages the complications of financial consolidation without requiring an obscure scripting language
- Efficiently monitors the complications of interest calculation, equity ownership, various accounting processes and multi-level exclusion journal entries
- Allows configuration of multi-level distributions across departments and divisions
- Controls processing and sequence of subsidiaries within the financial consolidation procedure
Equipped with ERP best practices using Host Analytics EPM software, enterprise's can execute a similar rigor in budget consolidation as statutory consolidation. Contact Host Analytics today.