OCRA - Consolidation tools

Fast, clear, user-friendly consolidation processing

Autoconsolidation

The first stage in using OCRA is to run its powerful auto-consolidation tool, which can eliminate hours of manual consolidation work at the click of a button. This gathers together the data from all the companies or divisions at once. The user can then rapidly work through each level of the group and make the few remaining manual checks and adjustments required in each one.

Scheduling

The scheduling module enables various tasks to be planned and executed without further user input to set them in motion. In addition, you can schedule the locking or unlocking of versions or periods to control the access for individual users and to allow or prevent them from making further changes to the data.

Consolidation

The auto-consolidation engine is complemented by a step-by-step approach to group consolidation that takes the user through each relevant process for each level of the company structure.

OCRA's user-friendly “process flow” interface

The user then simply clicks on each icon in turn and completes each process, working systematically up to the top level of consolidated accounts. In particular, issues such as allocation (see below), currency handling, acquisitions and accounting for intangibles are clearly defined during the consolidation process and easily viewed at each level of the company where they apply.

Allocation

As part of the consolidation process, OCRA enables central costs or overheads to be easily allocated to individual subsidiaries or to divisions within them or between other dimensions (for example: business units, products or market segments) that you have set up within OCRA. Allocation schemes can be defined using a simple, wizard-driven four-step procedure. Straightforward maintenance tools allow users to edit or delete existing allocation schemes. In addition, the system enables easy setup of autobalancing accounts, to ensure the balance sheet remains correct after an allocation is made.