Account Consolidation Services
Datamatics has extensive experience in enabling account consolidation for global conglomerates with various umbrella companies and holding companies. As part of its Account Consolidation services, Datamatics offers Multi Regional Currency (MRC) options, standardized procedures to align with statutory requirements and expertise in implementing local GAAP requirements, including passing consolidation entries as per local GAAP rules.
Monthly, Quarterly and Annual Closing of Books of Account
Datamatics has a specialized team of Certified Public Accountants, Chartered Accountants and Cost Management Experts with unmatched expertise in US GAAP, IFRS and other local GAAP requirements. Datamatics’ solutions deliver timely closure, incorporate local compliance requirements, align to statutory accounting guidelines, and enhance accounting oversight by liasoning with external auditors.
- Single-point access to knowledge of multiple accounting best practices and statutory requirements
- High automation of validation and checking against standards to eliminate reporting errors and hence avoid related penalties
- Significantly lower costs than multiple in-house teams spread across geographies
- Third-party (external) assessment brings in higher level of accountability in internal reporting too