Konsolidator Unveils New App within Business Central: Streamlining Financial Consolidation
Friday, Nov 15, 2024 4:41 am ET
4min read Konsolidator, a leading provider of cloud-based financial consolidation and reporting solutions, has recently announced the release of a new app within Microsoft Dynamics 365 Business Central. This new app is designed to simplify and automate the financial consolidation process, enabling businesses to generate accurate, high-quality management reports more efficiently. In this article, we will explore the key features and benefits of Konsolidator's new app, and how it enhances business agility and data-driven decision-making.
Konsolidator's new app for Business Central brings significant enhancements to financial consolidation and reporting. By integrating with multiple ERP systems and popular analytics tools like Power BI, the app streamlines the consolidation process into four simple steps: data collection, preparation, analysis, and presentation. This seamless integration enables businesses to automate complex calculations, such as exchange rate translations, intercompany eliminations, and minority shares, reducing manual intervention and the risk of human error.
The app's cloud-based architecture and flexible onboarding options support business scalability and growth. By leveraging the cloud, Konsolidator eliminates the need for on-premises infrastructure, enabling businesses to easily scale resources up or down based on demand. Additionally, the app's fast and flexible onboarding options, including self-onboarding through video tutorials and guides, allow businesses to quickly integrate the app into their existing systems, minimizing disruption and accelerating the realization of its benefits.
Konsolidator's compliance with local GAAP and IFRS requirements facilitates international business expansion and reporting. By ensuring adherence to these standards, the app simplifies the process of consolidating financial data from multiple countries and regions, reducing the risk of errors and discrepancies. This compliance enables businesses to generate accurate, comparable financial statements, which is crucial for investors, stakeholders, and regulatory bodies.
In conclusion, Konsolidator's new app for Business Central offers a powerful solution for streamlining financial consolidation and reporting. By integrating with multiple ERP systems and analytics tools, automating complex calculations, and ensuring compliance with local GAAP and IFRS requirements, the app enhances business agility, data accuracy, and data-driven decision-making. As businesses continue to adopt cloud-based solutions and expand internationally, Konsolidator's new app is well-positioned to support their growth and success.
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Konsolidator's new app for Business Central brings significant enhancements to financial consolidation and reporting. By integrating with multiple ERP systems and popular analytics tools like Power BI, the app streamlines the consolidation process into four simple steps: data collection, preparation, analysis, and presentation. This seamless integration enables businesses to automate complex calculations, such as exchange rate translations, intercompany eliminations, and minority shares, reducing manual intervention and the risk of human error.
The app's cloud-based architecture and flexible onboarding options support business scalability and growth. By leveraging the cloud, Konsolidator eliminates the need for on-premises infrastructure, enabling businesses to easily scale resources up or down based on demand. Additionally, the app's fast and flexible onboarding options, including self-onboarding through video tutorials and guides, allow businesses to quickly integrate the app into their existing systems, minimizing disruption and accelerating the realization of its benefits.
Konsolidator's compliance with local GAAP and IFRS requirements facilitates international business expansion and reporting. By ensuring adherence to these standards, the app simplifies the process of consolidating financial data from multiple countries and regions, reducing the risk of errors and discrepancies. This compliance enables businesses to generate accurate, comparable financial statements, which is crucial for investors, stakeholders, and regulatory bodies.
In conclusion, Konsolidator's new app for Business Central offers a powerful solution for streamlining financial consolidation and reporting. By integrating with multiple ERP systems and analytics tools, automating complex calculations, and ensuring compliance with local GAAP and IFRS requirements, the app enhances business agility, data accuracy, and data-driven decision-making. As businesses continue to adopt cloud-based solutions and expand internationally, Konsolidator's new app is well-positioned to support their growth and success.
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