For many of us, IBM Planning Analytics or TM1, have been going hand in hand with Forecast and Budget calculations. A central database to store Actual information, comparing versions, slicing and dicing and reporting.

When a potential customer sought a single solution to address both Budgeting and Financial Consolidation needs, our development team became excited, and CorClose was born. Rather than purchasing a separate consolidation tool to integrate with IBM Planning Analytics, we now offer a comprehensive solution.

Group accountants face several challenges during the consolidation process, but by using the existing functionality of IBM Planning Analytics, CorClose can address these pain points and provide a user-friendly environment to run through your consolidation steps with ease.

Foreign currency translations, intercompany eliminations, and non-controlling interest calculations are just some of the consolidation steps executed, with the ability to still post manual company and group journals.

Our approach to implementing the solution is tailored to the customer’s existing structures and processes. The solution is configured to align with your unique business needs, ensuring it meets your current requirements. At the same time, it is designed with flexibility in mind, allowing for easy adjustments as your business needs to evolve over time. This adaptability ensures that our solution can grow alongside your business, providing long-term value and support.

Contact us today for more information.