Asseco CCR Comprehensive Consolidated Reporting. asseco.com

Transcription

1 Asseco CCR Comprehensive Consolidated Reporting. asseco.com

2 Comprehensive solution for consolidated reporting. The Asseco CCR application is an advanced, secure and intuitive tool for conducting standalone and consolidated reporting. It enables the efficient and effective preparation of reports for public listed companies, as well as reports related to the mandatory reporting of financial institutions. The application fully supports reporting in compliance of data from source systems, continuing through with International Financial Reporting Standards support for the process of transforming data into using various consolidation methods. It provides the required output format, and finally ending with a range of functions to allow for the automation of the presentation of results in the form and layout every aspect of the complex process of consolidation required by the recipient of the reports. at every stage in the process. The system includes mechanisms for monitoring and Asseco CCR is fully integrated with the Comprehensive supervising the process of data collection and calcu- Mandatory Reporting tool (Asseco CMR). It also lation of separate and consolidated statements. It provides comprehensive support for the standalone also enables and supports the consolidation of small reporting process, beginning with the acquisition and large international corporate groups. Implemented in the Asseco Group: Separate consolidation of the two largest subsidiary groups Over 70 companies involved in the consolidation process Subsidiaries in over 30 countries throughout the world, including companies from most regions of Europe Thousands of inter-company transactions More than a dozen subsidiary groups comprised of companies and other subsidiary groups Almost 200 users of the application around the world: Israel, Nigeria, Georgia, Slovenia, Australia, Turkey, Poland, Russia, Kazakhstan, Romania, Austria 3 of the 20 largest Polish companies on the Warsaw Stock Exchange are using Asseco CCR for preparing consolidation reporting: Asseco Poland (Asseco Group) Bank Pekao (Pekao Group - the member of UniCredit Group) mbank (mbank Group - the member of Commerzbank Group) 2 3

3 Asseco CCR guarantees: Key features of Asseco CCR. Efficient cooperation with groups and companies at different levels of consolidation A reduction in time and costs associated with conducting the process Security and auditing of consolidation processes Easiness of data analysis at all stages of the process Adaptation of the level of data collected to implementation requirements A user-friendly interface and intuitive interaction with the application Access to all functions using a web browser Organisation of the process. Comprehensive support at all stages of the consolidation process. The possibility of delegating responsibilities and duties within a corporate group. Monitoring is carried out by using graphical visualization of all work stages and the automatic reporting of missed targets. Automation. Calculation of reports based on data from stand-alone s, taking into account currency conversion, inter-company transactions, and all types of consolidation adjustments. The possibility to automate the merging of inter-company transactions and the automatic inclusion of data into separate statements. Flexibility. Support for the consolidation process in the case of static and dynamically changing corporate groups. Easy management of a group s structure. The possibility of sub-consolidation, i.e. the calculation of consolidated reports at any level of a corporate group. Configurability. The system allows new definitions, as well as the editing of existing reports presenting reporting data together with dedicated calculation and validation rules. A dynamic transaction model permits adjustment of the level of inter-company transactions collected to implementation requirements. The configuration of system metadata is carried out in a user-friendly manner, using Excel files. Audits. The ability to audit consolidated data based on transparent analytical reports containing all the components of financial statements. The auditing of standalone data, including the auditing of changes for inter-company transactions. Knowledge base. A document repository enables the documentation of the consolidation process. The system has a built-in tool for communication enabling effective cooperation between users during the preparation of financial statements. 4 5

4 Organisation of the consolidation process Definition and initiation of the consolidation process Collection and validation of inter-company transactions Preparation of data for standalone s Definition of algorithms for automatic consolidation adjustments Calculation of Manual adjustments to Verification and approval of Export of 6 7

5 Functional Modules. The Asseco CCR system consists of tailored functional modules, which comprehensively support reporting process. It also provides a range of functionality, starting with configuration and administration, through data management, and ending with tools to view and analyse the resulting reports. Reporting This module consists of four closely interacting areas corresponding to specific areas connected with consolidated reporting. Stand-alone s. This area enables work with the financial statements of reporting units. Data can be collected via the application interface, imported from Excel files or downloaded from a data warehouse. Automatic verification rules ensure data validity. The application allows currency conversion, a comparison of reports and a range of functionality to support a user in the analysis and validation of unit data. Inter-company transactions. This area provides an intuitive way to work with inter-company transactions - adding and editing (with the import of Excel files also possible), verification, merging (also automatically) and reconciling data entered by parties to a transaction. Different types of transactions are supported: settlements, fixed assets, intangible assets and inventories. Transactions are entered at the data level, based on the user-defined data model, to cover all necessary business needs. Management The Asseco CCR system provides a Management module that allows full control and monitoring of the process. The interface enables the intuitive definition and modification of the structure of a corporate group. It also allows for the delegation of tasks to lower levels within the group and monitoring the actions of users in terms of tasks assigned to them thanks to the graphical visualization of stages and the automatic reporting of missed targets. Consolidation adjustments. An advanced adjustments area allows you to define and configure automatic consolidation adjustments. It allows you to automatically perform inter-company eliminations, exclusions from consolidation, exchange differences and adjustments to allow for the inclusion of a company in the group during the financial year. This area also allows manual consolidation adjustments to be made that are applicable through successive reporting periods. Consolidated s. The application performs the automatic calculation of consolidated s based on data from standalone s taking into account currency conversions, inter-company transactions, and all types of consolidation adjustments. Consolidated data can be viewed and verified on the basis of an analytical and transparent report containing all the components of financial statements. In the case of a multi-level corporate group, it is possible to independently prepare financial statements for each of the consolidation level. Documents The document and attachment repository enables documentation to be stored for the entire consolidation process. Users have access to the material collected depending on the rights allocated to them. Administration Administration is carried out through an easy-to-use panel for user management. The policies for granting user rights takes into account the structure of the corporate group and the roles performed by users in the process of preparing reports. 8 9

6 Why choose Asseco CCR? The main tasks of Asseco CCR. Asseco CCR increases the efficiency and productivity of the consolidation process It brings tangible operational benefits It enables the automation of the consolidation process It has proved successful in a complex international corporate group It provides access to functionality in a cloud services model Planning and management of work related to consolidation Comprehensive support during all stages of the consolidation process Collection and validation of standalone data Automatic calculation of consolidated Data verification at standalone and consolidated levels Communication between participants in the process 10 11

7 Asseco CCR Comprehensive Consolidated Reporting. Asseco Poland S.A. Olchowa str. no Rzeszów Business Intelligence Division Wielicka str. no 22A Kraków phone: asseco.com 12