Financial consolidation tools are a must in today’s complex climate for parent companies and their subsidiaries. This article will zoom in on the options Microsoft Dynamics NAV users have to perform powerful, modern financial consolidations.
There are lots of Microsoft Dynamics NAV users and administrators that are overseeing more than one company as subsidiaries for a parent company. Aggregating company data from multiple businesses, sometimes with a variety of currencies, can be a logistically messy task without a powerful financial reporting and consolidations tool. Data continues to grow in importance, fine-tuning corporate decision-making. Therefore, executives are seeking a business user friendly solution to the routine problem of consolidating information into a unified set of financial reports. If you are a Dynamics NAV user who has to manage multiple companies’ data, this article is for you, and it is an important one because there aren’t a lot of options for NAV that prove to be both easy to use and powerful.