Closings

"Close the books on time, every time. "

Key to closing the books is the consolidation process, which for B2B Solution, Inc. Finance is based on a unified view of data, and provides powerful features in the following critical areas:

Allocations. B2B Solution, Inc. Finance delivers powerful and flexible allocation features. Consolidations can include any number of allocations of any data by any proportion, measure, or statistic. Additionally, tiered or waterfall allocations are supported.

Eliminations: B2B Solution, Inc. Finance includes straightforward and powerful elimination capabilities, providing an environment to perform one-off or repeatable eliminations. B2B Solution, Inc. Finance can automatically determine required elimination amounts as transactions are identified between entities.

Currency Conversion: Currency conversion complexities can be enormous, requiring multiple exchange rates, maintenance of historical rates, and producing financial information that converts many input currencies into one reporting currency.
B2B Solution, Inc. Finance manages all currency requirements, with unlimited input currencies, conversion as required and exchange gain/loss calculations. In addition, B2B Solution, Inc. Finance automatically handles currency issues where allocations and eliminations take place across different currencies

Unique Submissions: Organizations are not stagnant. During any accounting year, multiple forecasts and outlooks are generated. While many of them are planned, some are ad-hoc in nature, analyzing the impact of things like organizational change and added investment dollars.

B2B Solution, Inc. Finance supports an unlimited number of unique submissions, each with its own consolidation structure, allocations and eliminations, and the currency rates.

 

 

 

 

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