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P&L Consolidating Report
P&L Consolidation Reports with Breakdown by Company to Streamline the Monthly Reporting Process
How can Financial Statements Drive Faster and Better Decisions? As Corporate Controllers increasingly become key advisors and innovators in the Monthly Reporting Process, they must rely on modern self-service xFP&A and business intelligence (BI) tools. Using interactive Financial Statements like the Consolidating Profit & loss Report template shown below enables them and users from the parent company management teams to monitor near real time profit & loss (P&L) detail and profitability metrics that help drive faster and better decisions.
Who uses Consolidating Profit & Loss Reports and What are Some Key Analytical Features? In today’s fast-paced business environment, Corporate Controllers are under high pressure to supply end users like executives and finance managers with timely and concise Financial Statements. Companies use key features like the ones below to support their users with effective analysis that helps drive corporate headquarter decisions:
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
Who uses Consolidating Profit & Loss Reports and What are Some Key Analytical Features? In today’s fast-paced business environment, Corporate Controllers are under high pressure to supply end users like executives and finance managers with timely and concise Financial Statements. Companies use key features like the ones below to support their users with effective analysis that helps drive corporate headquarter decisions:
- Dynamic listing across columns of the selected subsidiaries
- Expandable rows by GL account category and account
- Variance analysis in amount and percent, and with indicators
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
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