In order to carry out professional consolidation, flexible software is required that takes into account all the separate issues of heterogeneous corporate structures. With CoPlanner software, you can create consolidated financial statements systematically, transparently and securely. In this context, CoPlanner supports both medium-sized companies as well as corporations knowledgeably and to the highest quality standard.
We meet the requirements of legal consolidation in accordance with all current accounting standards, as well as those of management consolidation. A fast annual or consolidated financial statement can be realized as a "fast close" at any time. In addition, you benefit from holistic corporate governance and leverage the full integration of consolidation with operational planning and embedded financial and performance planning.
The introduction of consolidation is quickly possible, a complex programming is not required. The financial statements are prepared after a brief introduction via the individual navigation structure, whereby the status of the individual consolidation steps (debt, expense / income and capital consolidation, consolidation of interim profits and deferred taxes, etc.) is always transparent. Existing structures from the planning models (group structure, accounts, interfaces, etc.) are used for consolidation.
CoPlanner offers the software a comprehensive range of applications from integrated financial planning, multi-dimensional planning to reporting and OLAP analysis. The Consolidation module now also enables the legal consolidation of the Group. Consolidation software is the key to faster completion. Consolidation with CoPlanner ensures that the consolidation and reporting process in an organization becomes an integral part of the company's management cycle.
The solution allows the finance department to gain a detailed insight into the business, but also to comply with legally prescribed workflows and to make the condensed information available.
Nevertheless, differentiations are possible, for example in the case of different account structures for planning, actual reporting and legal transactions, without endangering comparability and integration. Manual postings can be recorded and processed as posting records. The financial statements themselves and all consolidation items are documented for the external audit. The required reports are available as predefined standard reports, as well as account statements showing the individual accounting entries at accounts and incident level. Consolidation can be done for both actual and plan data and, of course, during the year. Evaluations are available as PDF files, but also as Excel reports.
Once budgets and forecasts have been created for the individual company, controlling faces the task of consolidating them into a consolidated result. The identification and dissolution of voting differences can be extremely complex. Subsequent changes in the sub-plans increase both the workload and the error potential. At this point, the CoPlanner module for management consolidation starts and scores points in the controller due to the high degree of automation and two combinable variants:
If the Group is in charge of service relationships with one of the partners, the management consolidation for expenses, income and liabilities can be completely automated, excluding any voting decisions.
A simple example: the parent company Bike GmbH produces bicycles and sells them to the sales companies in the various countries. Since there are predetermined sales quantities for the sales companies, the intercompany sales can be specified by the parent company. In the module for management consolidation, posting rules are now deposited, which transfer the intercompany turnover directly to the sales department of the sales company. Since the same currency conversion rates apply to all companies in the planning, voting options are excluded per se in this variant.
However, if both partners plan independently of each other, this inevitably leads to tuning differences. It is now important that the Controlling is supported as well as possible in the resolution of these by the So ware. By forming voting groups, the intercompany facts can be compared in evaluations and di ferences can be identified precisely in voting reports. The resolution of these can be done automatically via balancing accounts, especially due to minor deviations, or, of course, by adjusting the planned intercompany turnover or expenses.
According to different circumstances, both variants can definitely be combined.
The module is rounded off by evaluations that provide insight into the composition of the consolidated results and can be made available in the Web, PowerPoint and Word.
Users who already use CoPlanner for planning or reporting find their way intuitively in consolidation. When using the WebFrontEnds, intercompany reconciliation can be carried out directly by the companies themselves, without pre-sorting of the data by the central office. With the CoPlanner Consolidation module, we now offer the fully integrated solution for the legal conclusion of medium-sized companies.