Which is the best financial system for Consolidation and group reporting?

1. At ERP Level - Oracle (Hyperion) is the Best

2. Independent Consolidation tool - Adaptive Consolidation is the Best.

3. Manually MS - Excel is the Best 

There are two main consolidation systems both of which competitive as well. They are:

1) Hyperion; and 

2) Cognos

Both of them have their advantages and disadvantages but are the best used systems. Hence you can use any of them.