Motivating example:

If a financial controller having to prepare a consolidated financial statement for a number of participating entities faces the next set of problems:

• there are several different accounting packages involved
  
• there are different cost control systems involved
  
• the contents of the monthly reports vary from company to company
  
• the monthly reports have different layouts and if electronically delivered have different file formats
  
• there are several different currencies and different exchange rates to be applied
  
• not all participants have same chart of accounts and there are new accounts created on all sides all the time
  
• the participants don't follow compatible accounting standards

With Fexcel Financial Headquarter Suite he or she can:

• bring the reports' formats in one format
  
• translate all accounts to the headquarter chart of accounts
  
• using Fexcel Database be able to address single account balances, budget or forecast figures for each participating company
  
• compare already consolidated balances with the actual YTD report for each company to track possible late postings
  
• group (cluster) accounts suitable for controlling, reporting and budgeting
  
• do group consolidation, budgeting and forecasting
  
• prepare, print and publish the consolidated financial statement

Similar situations where Fexcel HQ could be found as extremly useful could be the one listed below:

Financial Auditing Case Study:
When Ept needed a quick, temporary solution for group consolidated financial statements, they asked NINIVA for the most cost-effective and easily implemented solution. After the Fexcel HQ Module was implemeted, the results were so stellar that what was meant to be a temporary solution remained in use even after the full consolidation. Five years later, Ept still uses Fexcel HQ with great results.