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

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Question added by Nayeem Hameed , Head Of Finance - Domestic Operations , Hassad Food Company
Date Posted: 2014/01/13
Mohammed Haseeb Musba
by Mohammed Haseeb Musba , Management Accountant / Senior Financial Analyst , International Food Services

 

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 

 

Shahzad Ahmad
by Shahzad Ahmad , Group Finance Manager , Misys Limited

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.

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