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INTEGRATED CONSOLIDATIONAPPLICATION FOR ENTERPRISES

The office of the CFO now gets complete control of all internal and external reporting with a simple yet powerful enterprise software that can function as a layer on top of  all core transaction and accounting systems. FinX™ enables end to end financial reporting by extracting data from source ERP systems, multiple databases or from spreadsheets.

IRIS FinX™ FEATURES

  • WORKS WITH GRANULAR DATA

    Inputs for Financial consolidation can be as granular as at Cost Account, Trial Balance or BS-P&L level. iFinx can be seamlessly integrated with an ERP or custom accounting product.

  • INTER-COMPANY ELIMINATIONS

    Saves reconciliation time by streamlining inter-company elimination transactions and identifying errors, without user intervention.

  • AUTOMATED GOODWILL CALCULATION

    Automatically calculates Goodwill and Minority Interest based on the ownership percentage in each company.

  • FOREIGN CURRENCY TRANSLATION

    Performs complex foreign currency translations for multiple currencies simultaneously, to effectively record translation reserve, and analyze global information.

  • ALIGNMENT OF DIVERSE POLICIES

    Facilitates passing journal entries to streamline differences arising from disparate accounting standards and policies, and different reporting periods.

IRIS Finx TM BENEFITS

  • Streamlines Financial Consolidation, along with generation of standalone financial statements and XBRL output for internal and regulatory reporting.
  • Improved visibility with detailed audit trails and workflow control in financial consolidation process.
  • Automation of manual and time-consuming processes.
  • Flexibility to perform multi-level consolidation and ‘What If Analysis’, while consolidating.
  • Compliant with evolving Indian accounting standards and regulations.
  • Finx upgrades to IFRS compliant financial consolidation in the upcoming version

 

TESTIMONIALS

  • We worked with IRIS for 2 years and have had an excellent experience. All our queries and suggestions were well accepted. Keep it going.

    Shreya Arora, Polar Industries Limited
  • iFile Lite is a good interface and user friendly.

    Vinay Patni, Reliance Infrastructure Limited
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