Many organizations own disparate business entities and at regular intervals need to consolidate financial data from the various entities in order to close the books of accounts, for the organization as a whole, for a given financial period. Consolidating the financial accounts of all entities into a single view provides an accurate picture about the financial status of the organization as a whole.

At e-Tomato we have developed a Financial Consolidation module, as an add-on for the SAP Business One software package. The module provides organizations with a means to consolidate their financial data, from disparate sources, into a single view thereby providing the accurate status of the financial performance and health of an organization. The consolidated financial data enables managers to take more accurate and reliable decisions.

The Financial Consolidation module helps organizations in easing and reducing the complexities as well as the chances of errors involved in merging books of accounts from various disparate sources.

On merging the financial data from disparate sources, the Financial Consolidation module developed by e-Tomato, generates a consolidated balance sheet for all the business entities.  

ADVANTAGES
The Financial Consolidation add-on offers the following advantages:

• The Financial Consolidation module helps in reducing the time taken to merge and consolidate the financial data from different business entities.

• The financial accounts of any number of business entities can be merged to provide a single view thereby providing a better insight into the status of the business.

• The Financial Consolidation module automates the process of financial data collection from multiple sources thereby reducing the chances of errors and overlooking of data arising out of the manual process of consolidation.

• A consolidated view of the financial data helps in more accurate budgeting and forecasting by managers.