Integrated and automated consolidation with IDL.KONSIS
Companies and groups map their consolidation process automatically with IDL.KONSIS. The IDW PS 880-certified software enables consolidated financial statements with legal consolidation as well as simultaneously management consolidation.
The monitoring functionality serves process control and security. With IDL.CONSOLIDATION.MONITOR, users can check their tasks and the status of the individual and consolidated financial statements on a role-based basis. At group level, consolidators navigate directly to the respective consolidation tasks enabled by the group monitor. This provides an overview for the entire process and allows users to navigate directly to reporting with a click or drill down to the level of individual journal entries.
Integrated and automated planning with IDL.FORECAST
Directly linked to operative planning, the IDL.FORECAST planning solution enables integrated financial planning. The module supports the planning and forecasting of financial development. The result is a company-wide financial plan in the form of profit and loss statement, balance sheet and cash flow.
Plan and forecast values are entered directly in the tool or loaded automatically via interface. Various planning models as well as planning scenarios are available. Similar to IDL.KONSIS, the planning solution also includes a monitoring functionality, which informs users about the work progress in the process. The workflows enable an automated planning process. The integration with IDL.KONSIS enables the consolidation of both actual and plan values.
Integrated and automated reporting with IDL.DESIGNER and IDL.PUBLISHER
IDL.DESIGNER represents the BI solution within the IDL CPM Suite. The tool directly accesses the Data Cubes of the IDL.DATAMART. Via 20 different dimensions, classic management reports as well as modern dashboards can be individually designed via drag and drop. With IDL.OFFICELINK, the reports can also be exported 1:1 to Excel for further processing.
With IDL.PUBLISHER, companies create their annual and management reports for individual entities and on group level. Based on the data from IDL.KONSIS, the reports and texts can be freely created in the desired design. The tool supports the common output formats Word, PDF, RTF, XML and HTML.
In particular, the reporting of IFRS financial statements with ESEF taxonomy, which will be mandatory from 2020, will sets new demands on the reporting systems. To handle the new reporting requirement, IDL Suite includes IDL.ESEF Manager. The "tagging" of all figures and information in iXBRL format enables a fully automated readout of annual and consolidated financial statements. The application comes with IDL.PUBLISHER, but can also be used independently.
The IDL Corporate Performance Management (CPM) Suite is a field-proven and holistic solution
As a modular, scalable solution, the IDL CPM Suite shines especially due to its broad and integrated application portfolio. The many individual modules map all relevant functions of a modern corporate performance management (CPM) system. As a result, the IDL CPM Suite can fulfil the requirements of the "Single Source of Truth" approach based on a single platform. The powerful consolidation solution, which has proven to match customers’ demands, offers a multitude of standard functionalities and presettings. This implies a manageable implementation effort and a fast go-live. The planning solution as well as the BI solution as optional modules complement a CPM system from one source. Deployed on premise, in the cloud (SaaS) or as a hybrid solution, customers can weigh up their conflicting goals between economies of scale and data protection.
As a certified IDL partner, FAS AG is your competent contact. Our team will be pleased to support you in all questions and topics related to IDL CPM solutions.