Tensoft Multi-National Financial Consolidation
Tensoft’s MNC product allows you to bring together financial data from disparate sources to create a global view of all financial information across your entire enterprise, no matter the currency or geographic location. The graphic to the right illustrates how Tensoft MNC works.
At the bottom are subsidiary companies and their various currencies. Tensoft MNC takes the information from these subsidiary companies, translates it, and then moves it into a consolidated Dynamics GP Company. Local currencies are brought across, as well as your reporting currency.
A good understanding of your multi-national requirements can help you design and achieve the best results from your financial architecture, for your month-end reporting, as well as for your day-to-day transactions. The pyramid to the left illustrates this, and show where Tensoft MNC provides the most benefit.
Case Study: Chordiant
“Chordiant has international entities, and works in a number of different currencies world-wide, so having a financial consolidations software system that allows us to handle many different currencies is very valuable. It has been beneficial for handling the acquired companies, and has added value by streamlining our processes.” — Narayan Prabhu, Corporate Controller, Chordiant Systems