Enter Once, Consolidate as Needed
Save time and get full visibility across your enterprise with multi-entity reporting and consolidations. Avoid duplicate entry and establish clear audit trails for an accurate traceability of your financial data.
Avoid Duplicate Postings
Eliminate worries about transactional errors from duplicate postings. With the Plex Manufacturing Cloud financial consolidation and unified reporting functionality, you only have to enter a transaction once, whether at the entity level or at the consolidated level. As the books are closed at a lower level, you have immediate access to data for consolidation, avoiding duplicate entries, delays and potential errors.
Charts of Accounts
Maintain your own unique chart of accounts at the entity level, and yet consolidate financial information easily and intuitively by mapping at the account group or category level, keeping the consolidated financial statements consistent for your enterprise. Perform a more holistic analysis and reconciliation by linking individual connected entity-level statements to the consolidated ones.
When you enter transactions in an entity of your enterprise, those transactions become instantaneously reportable at the consolidated level. Plex provides you with a quick and easy way to enter and reconcile these entries, so your focus stays on finalizing and publishing the results.