Anaplan Accelerator: Financial Consolidations & Analytics (FC&A)

Accordion’s Financial Consolidations & Analytics (FC&A) Anaplan Accelerator is a fully built financial consolidations solution based on best practices: aggregation, intercompany eliminations, cash flow reporting, non-standard ownership, journal entries, insightful analytics, and flexible FX.

• Report on P&L, Balance Sheet, and Cash Flow by configuring to your chart of accounts
• Aggregation through entity structures and other segments without running rules or scripts
• Perform and track intercompany eliminations at the first common parent
• Apply partial ownership logic that can be changed by month to allow for flexibility over time

Note: Want a closer look? Click on the screenshot to enlarge it.

• Enable multiple currencies to see full company financials translated and reported
• Apply average or end of month rates, as well as currency overrides on the balance sheet for areas such as
• APIC or investment in subsidiaries
• See the impact of FX movements on the cash flow
• Easily apply alternate rate sets to enable “what if” currency analysis on the fly

Note: Want a closer look? Click on the screenshot to enlarge it.

• Use balance sheet and P&L data to calculate cash flow in real time as balances change
• Map changes in balance sheet accounts to specific movement categories and cash flow accounts
• Allow end-users to view mappings and better understand how the cash flow lines are derived
• Adjust movement categories from the default mapping in areas where mappings cannot fully classify account movements (PP&E for example)

Note: Want a closer look? Click on the screenshot to enlarge it.

• Book journal entries to adjust data sourced from general ledgers, make reclassing entries, or adjust data to satisfy varying reporting requirements (IFRS vs. GAAP)
• Configure workflow to allow for separation of duties between creating, reviewing, and posting entries
• Leverage Anaplan’s built in audit features to see complete history for any data point changes
• Easily roll back the system to any point in time, rather than relying on periodic backups

Note: Want a closer look? Click on the screenshot to enlarge it.

• Utilize the close task checklist to quickly understand bottlenecks in monthly close cycles
• Task management includes user assignment, workflow, approvals, and reporting
• Perform and sign off on account reconciliations, with ability to explain balances, assign risk ratings, and track accountability
• Import general ledger and subledger balances to perform balance comparisons, or use account analysis to explain balance changes

Note: Want a closer look? Click on the screenshot to enlarge it.

In addition to the “Financial Consolidations & Analytics (FC&A)” accelerator featured above, Accordion offers a variety of “Anaplan Accelerators” prebuilt to expedite your deployment process, improve ROI, and reduce implementation risk. Explore them: