Close the Books Faster, with Control and Confidence

Financial consolidation is a critical foundation for the performance management process of any organization. Cartesis Finance, the world's fastest statutory consolidation and management reporting solution, provides offices of the CFO with the processing power, agility and breadth of analysis they need to complete financial consolidation and reporting cycles faster. Cartesis Finance performance management software delivers full process control and data transparency, allowing users to simulate unlimited scenarios to address all performance management reporting requirements.

• Speed: Close fast; shorten reporting cycles
• Power and agility
• Compliance, trust and reliability

Speed: Close fast; shorten reporting cycles

With processing speeds that are up to five times faster than other business performance management products, Cartesis Finance helps organizations gain back critical time in their closing and management reporting cycles without compromising any of the controls or audit-ability necessary for today's global compliance environment.

Unrivaled processing speed
Cartesis Finance has no equal when it comes to improving close-cycle times; this is due to Cartesis' patented database processing. All calculations and consolidations occur in the database. Cartesis Finance leverages Microsoft's and Oracle's respective database engines to provide industry-leading parallel processing times. Organizations can close faster and make trusted corporate financial information available more quickly to all stakeholders for improved decision-making and market visibility.

 Simultaneous legal and management reporting views
Cartesis Finance combines legal and management reporting structures into one process, creating a unique capability to consolidate and directly compare all possible views in one integrated data model. This ensures a single version of the truth, without the tedious and low-value task of reconciliations, allowing organizations to focus on more-valued-added business improvement activities. This capability also enables side-by-side what-if simulations for key growth initiatives such as organizational changes and mergers and acquisitions (M&As).

Performance management without compromise on audit trail

At the foundation of Cartesis Finance is audit and control. All processes run with full traceability and audit trail — without compromising the product's industry-leading performance. This ensures that the CFO's office can achieve fast close initiatives without compromising the details necessary to comply with all global reporting and regulatory needs.

Power and agility

Cartesis Finance performance management software combines the power necessary to unify all legal and management reporting needs with the agility to blend corporate control with local flexibility. This gives organizations the controls needed to deliver trusted information to all stakeholders, yet allows all divisions and operating units to run operations in a way that makes sense to their business.

Superior dimensionality and data model
Cartesis Finance provides the breadth to analyze data in any way, and the flexibility to expand the management application beyond traditional financial reporting for true unification of legal and management reporting. It can elegantly handle new business requirements to collect products, brands, customers, channels, cost centers or tax elements while maintaining the full traceability of the accounting information. This ensures that growing organizations can scale the application up to meet their ever-growing needs.

Unlimited simulations
Whether dealing with M&As, reorganizations, divestments, multiple GAAPs or currency exposures, Cartesis Finance is always only four mouse-clicks away from providing your new consolidated projections in very little time. This ensures that the CFO's office can optimize reporting times while simulating and executing on future plans.

Financial intelligence reporting made faster and more flexible

Cartesis Finance has built-in rules logic that automates financial consolidation entries, opening the way for faster close cycles. Currency translation adjustments, minority interest and equity calculations, intercompany reconciliations and automatic cash flows are easily set up through a standard user interface and intuitive wizards that don't require programming skills.

Because Cartesis Finance understands the life and challenges of finance departments, it can handle multiple reporting channels with different charts of accounts, different account flows or financial analysis dimensions over time. It can also manage the retention of past reporting frameworks; finance professionals can safely adapt to ever-changing financial needs without having to copy and paste, rebuild or destroy their previous reporting scenarios.

Compliance, trust and reliability

Providing access to accurate data, reports, analysis and simulations is at the core of Cartesis Finance. All processes, data and users are connected to the Cartesis Integrated Data Model, ensuring that decisions are based on the same trusted data and enabling decision-makers to more quickly report and analyze information for more accurate decisions.

Intelligent control and comprehensive process management

Data coming into Cartesis Finance is intelligently checked and filtered based on the reporting framework and rules defined by the central finance team: GAAP presentation, required information breakdowns, starting dates and end dates are examples of automatic check points. This ensures data quality at every level of a corporate reporting cycle.

Cartesis Finance not only guarantees that the incoming information respects the timing and expected format, but also that it makes sense, is consistent, complete, commented appropriately and goes through the right approval process.

Real audit trail from source to disclosure
Cartesis Finance provides comprehensive output transparency accessible in simple standard reports. System-dedicated dimensions such as flow, audit ID, ledger name, journal entry number and geographical origin automatically feed the audit trail, revealing precise accounting movements and postings whether manual or automatic. With such accuracy and insight into the financial consolidation steps, an organization's central finance team can investigate and verify every figure from local currency submissions, segmental or geographical breakdowns and consolidation adjustments.

Comprehensive data access security
Beyond secure authentication and granular functional rights management, Cartesis Finance also provides optimal data confidentiality and access control. This framework permits thorough data access definition, down at the dimensional-value level for tight control of every number, activity and process.

Transparent and Auditable Change Management

With the enforcement of compliance regulations around the globe and intense scrutiny on internal controls, auditors require full transparency and proof of the change management process. Cartesis Finance tracks all maintenance activities (such as adding an account or user) and automatically generates log trails with author, date of creation and modification. A feature called the "event log" provides an additional overview of any action performed in the system, enabling system managers to document and describe all changes. These tracking and audit capabilities allow full retention, integrity and history of all operations and changes, reducing compliance risk and significantly lowering the cost of maintenance and auditing.