From the financial data collect to the distribution of income statements
Many companies still consider the consolidation of financial statements as a fastidious and/or time-consuming exercise. Due to a lack of resources, structuring or adapted software, the realization of consolidated accounts becomes a real crossroads... Whereas this exercise facilitates the management of financial performance.
Consolidation is often perceived as a complex and time-consuming task by financial teams. Collecting, processing, reconciling and reporting large volumes of data from different sources is tedious. Even for an experienced consolidator. In groups with several subsidiaries, it can take several weeks to consolidate all the financial statements.
Consolidation requires specific and relatively specialized skills. A good technical base is essential but not always sufficient: several years of experience are essential to acquire a good mastery of the exercise. The recruitment and training of consolidators remains a real challenge for companies and accounting firms.
Heterogeneity of practices within subsidiaries, multiplication of accounting tools, absence of a unified collection model, recurring data entry errors... consolidation can quickly become a nightmare if it is not properly managed. Gathering all the financial data in a given timeframe and in the same format remains a challenge for many companies, which struggle to structure their consolidation process.
It is extremely complicated - if not impossible - to perform a proper consolidation with manual methods (Excel type). Consolidation is a legal obligation that requires a real rigor. Without dedicated software, it is difficult to meet the expected level of requirements... Unless you spend an enormous amount of time on it, and to the detriment of a good mastery of the closing cycle and of the analysis of financial data.
of groups internalize their consolidation process
use the consolidated accounts for management analysis
establish budgets or forward plans in a consolidated format
of groups prepare their consolidated accounts in accordance with IFRS standards
We have saved about 30 minutes of reprocessing time per tax return. We now spend only one hour per company to identify anomalies and check revisions, compared to an hour and a half previously.
Christian Potiron, Head of consolidation at La Fidu Group
The financial consolidation software Amelkis EPM offers consolidators advanced features to save time and efficiency.
One of the keys to this type of solution is its ability to automate certain operations. For example, the integration of financial data into pre-formatted packages, the reprocessing of entries or the detection of discrepancies.
We hooked up with Amelkis from the first exchanges. The solution Amelkis Opera * met our expectations in terms of simplicity and accessibility for non-specialists in the consolidation. The interface has immediately seduced us: we did not feel to make the consolidation so ergonomic tool. (* Opera is the previous version of Amelkis EPM)
Luc Nivinou, Head of management control and financing at the LE SAINT group
Amelkis EPM has been designed for collaborative use, so that all persons in charge of the consolidation are able to easily understand the automatic processing and justify the variations.
Amelkis EPM contains, in its standard version, all the features necessary for a consolidator. Better yet, the solution is so ergonomic that it allows consolidators, even inexperienced, to develop a logical scenario of consolidation, step by step.
We have a single solution to manage a large part of our financial activity. We have access, via the same interface, to the group's consolidated accounts, to the management of inter-company customer/supplier flows, as well as to the monitoring of the restatement of leasing. All the data is easily exploitable in the tool.
Anthony Jean, Associate Accounting Manager at SEAFRIGO Group
Amelkis provides a suite of solutions tailored to all current issues of consolidation. EPM, filing in XBRL format, management of leases and leasing, intra-group reconciliations ... no theme is left behind in the software environment Amelkis. To better structure and manage your financial management.
We save time when distributing income statements: everything is very easy to export with Opera*. Especially since the solution is compatible with the Office environment. This time saving is not negligible, when you know that we ensure the consolidation of more than 200 companies, which is done for 80% of them at the end of the year. The period is more than busy: a powerful tool is essential ! (* Opera is the previous version of Amelkis EPM)
Christian Potiron, Head of consolidation at La Fidu Group
Amelkis EPM reduces manual efforts and time spent on consolidation operations. With its various modules and interconnections with other software published by Amelkis, it offers a single interface to control and master the entire accounting activity. The automated processing completely eliminates manual tasks and ensures the reliability and accuracy of data.
Consolidation is an extremely specialized job that requires different profiles depending on the type and size of the company or accounting firm.
You can count on Amelkis to accompany you in each of your challenges.
Need to develop your skills or update your knowledge? Discover the training courses led by our expert consultants in financial consolidation.
Our expert consolidation consultants are at your service to help you optimize your financial processes.
An urgent need to facilitate financial consolidation ? Amelkis offers relevant and effective solutions to simplify your daily life.
Since 2004, Amelkis has accumulated a unique experience and expertise in the world of public accounting, auditing and software publishing.
Thanks to our 15 years of experience and the continuous enhancement of our solutions, we guarantee our customers the most innovative functionalities and the best practices in terms of performance management.
Since the creation of Amelkis, we have accompanied several hundred groups and firms of all sizes and all sectors of activity. The result is a unique expertise in France, recognized by specialists in the sector. Our many references are proof of this know-how.
Start a new dynamic for the management of your financial processes! Specialist in consolidation, Amelkis offers a range of recognized and proven solutions to simplify the daily work of your accounting teams.
12 rue de Ponthieu
75008 Paris
Tel : 33 (0)1 49 70 90 60
