Feature Overview
Managing financial reports across multiple legal entities can be complex and time-consuming. That’s why we’re excited to introduce Entity Groups (Sub-Consolidation)—a feature designed to streamline reporting for financial professionals in complex organizations.
With Entity Groups, you can:
Define organizational hierarchy: Mirror your business structure with an organizational tree that reflects your actual business structure.
Create custom groups: Group entities by business unit, department, or region for tailored reporting.
Use enhanced Entity Filters: Easily narrow down reports by individual entities or groups you’ve defined.
What does this mean for you?
Whether managing departments, regions, or units, Entity Groups provide tailored views of financial data, ensuring accuracy and flexibility in both consolidated and group-specific reports.
💡Tip: make the most of Entity Groups
Empower managers: With "Team access & security", assign managers to specific entities or groups, giving them access only to the financial data that matters to them. This streamlines their focus, enhances accountability, and ensures they concentrate on what’s most important.
Benefits You'll Experience
Streamlined reporting: Generate focused reports for specific regions, business units and more, without the hassle of manual data sorting.
Enhanced accountability: Managers have clear visibility into their performance metrics.
Time savings: Reduce errors and save time with automated sub-consolidations.
Ready to transform your multi-entity reporting process and empower your team?
Get Started with Groups
Step 1: Organizational Hierarchy
Define a hierarchical structure of your entities to mirror your organization's layout using the entities you've loaded in Sources.
To build the hierarchy: select the parent entity for each entity, except for the apex.
Step 2: Custom Groups
Create specific groups of entities to focus on in your reports.
For example, set up custom groups to represent different business units, allowing for reports with specific focuses.
Step 3: Setup Counter-Entity in Intercompany Eliminations
Ensure accurate eliminations by defining the Counter-entity in the Intercompany table. This ensures that only the relevant portion of eliminations is included when using the Entity filter in Reporting.
Step 4: Enhanced Filters
Use the updated Entities filter in Reporting to load data for specific groups.
Narrow down reports not just by individual entities but also by the groups you've defined.
