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What is Tensoft Multi-National Consolidation?

Tensoft’s MNC solution empowers businesses to unify financial data from multiple sources, providing a holistic perspective of financial information throughout the organization, irrespective of currency or location. The graphic displayed on the right illustrates the capabilities of Tensoft MNC, highlighting subsidiary companies along with their associated currencies at the foundation. This tool adeptly consolidates data from these subsidiaries, converting and integrating it into a single Dynamics GP Company. It encompasses both local currencies and the chosen reporting currency during this process. By thoroughly assessing your multinational requirements, you can strategically structure your financial framework to improve month-end reporting and daily transactions. Additionally, the pyramid on the left reinforces how Tensoft MNC amplifies its benefits, underlining its essential contribution to financial management across various regions and currencies. In conclusion, utilizing Tensoft MNC can significantly enhance clarity and operational efficiency within an organization’s financial processes while fostering better decision-making.

What is CFOUR?

CFOUR is a financial consolidation tool specifically crafted to optimize inter-company accounting by merging data from various sources into a single, centralized interface. It fosters teamwork, allowing groups to accelerate the consolidation process and produce accurate consolidated reports in real time. By clarifying the traditional consolidation workflow, CFOUR delineates it into four distinct stages. First, it aggregates information from diverse sources, such as Excel sheets and ERP systems, into a cohesive data stream. Next, it stabilizes the compilation of subsidiary accounts to formulate management accounts. The system then streamlines the inter-company reconciliation process through journal entries that effectively record and verify inter-company eliminations via an easy-to-use interface. Afterward, the subsidiary accounts are combined with precision, providing a holistic view of the holding company and allowing for the creation of consolidated financial statements. Furthermore, users can quickly generate XBRL or iXBRL files for submission to regulatory authorities like ESMA or to ensure compliance with GAAP, incorporating the necessary taxonomy. This forward-thinking method not only boosts operational efficiency but also significantly enhances the accuracy of financial reporting, ultimately leading to better-informed decision-making.

Media

Media

Integrations Supported

Eunoia
Microsoft 365

Integrations Supported

Eunoia
Microsoft 365

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Tensoft

Date Founded

1996

Company Location

United States

Company Website

tensoft.com/tensoft-multi-national-consolidation/

Company Facts

Organization Name

CFOUR

Company Location

Malta

Company Website

www.cfour.tech/

Categories and Features

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Categories and Features

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