For quick implementation of automated reporting and consolidation in the whole Group, the Advanced mapping is there. Even if data from Local entities appear less than perfect or lack detailed elements, no worries. Advanced mapping offers a variety of ways to enhance both historical and newly imported actual data until the implementation of Group Chart of accounts (COA) by Group entities.
On-the-fly mapping feature ensures that each change in mapping of Local COA and dimensions to Group COA and dimensions automatically reflects in all reports without need to reimport the financial data.
Keep your financial team smiling đ - get Group reporting and consolidation fast, even in one month, with minimal disruption to the accounting records.
Examples of Advanced Mapping in Emfino DEMO System:
1) Advanced mapping from Local COA & Dimensions to Group COA & Dimensions:
Adds or adjusts necessary dimensions in the transactions (1)
Adds partner names if there is none in transactions
Moves intra-group transactions into separate Group accounts for consolidation and reconciliation (2)
Transfers IFRS adjustments into distinct accounts (3)
Splits transactions from a single Local account to multiple Group accounts based on set criteria like partner names, comments, document numbers, and dimensions (4, 5).
2) Both Local and Group accounts are visible in Detailed reports.
3) Both Local and Group accounts & dimensions are visible in the drill-downs by transactions.
4) New Local accounts and dimensions appearing in data imports are automatically added to the mapping set-up.
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