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Financial Close & Consolidations

The Axiom Financial Close and Consolidations solution enables you to manage the entire close process from data loading to report creation and distribution; while adhering to global accounting standards, including IFRS, GAAP, or industry-specific standards

Improving Time to Close with Greater Accuracy

The Axiom Financial Close and Consolidations solution allows you to produce a full range of standardized financial statements, ad hoc reports, dashboards, and data discovery. With Axiom Software, organizations can easily create comprehensive management reports, executive board presentations, as well as statutory and external financial statements.

  • End-to-End Consolidations Management. The Axiom Financial Close and Consolidations solution meets all of an organization’s needs – from data integration, to financial close, to reporting with a full audit trail for the entire process
  • Process Management. Create automated workflows, defined ownership, and due dates for each step of the process, close to disclosure
  • Multiple Currencies. Perform automated currency translation, including translation adjustments for income statement and balance sheet presentations
  • Seamless Data Integration. Native ETL capability to securely automate recurring data imports, including mapping and data reconciliation; even enables the collection of data from entities offline or running disconnected systems

Governance and Compliance

The Axiom Financial Close and Consolidations solution allows you to manage consolidation across multiple accounting standards including IFRS, GAAP, and industry specific standards. The solution includes full auditing and monitoring capabilities, guided workflow, and process management controls to ensure proper governance of the financial close process.

Solution Brief

"We historically had a cumbersome and time-intensive monthly close process. With Axiom Software, New Pig’s Finance team is saving up to 30 percent of the time it used to take on the monthly close process."
–Jim Kerlin, Controller, New Pig