User's Manual

Running Consolidations 15-1
15
Running Consolidations
Overview
Financial Consolidation Hub enables you to perform statutory and management
consolidations with the click of a button. The Consolidation Monitor enables you to
monitor your current consolidations, review historical results, submit consolidations,
and prepare your results for analytical reporting.
Monitoring Consolidation Status
The consolidation monitor provides you a view of the consolidation points within your
hierarchy for a specific period and balance type. The monitor enables you to quickly see
the data status of trial balance loads by the subsidiaries, as well as the consolidation
process status.
Data Status
The data status is updated automatically whenever a subsidiary loads data or a
structural change is made to the consolidation hierarchy. The data status can be the
following:
• Not Started - Applies when none of the subsidiaries have loaded their trial balance.
• Incomplete - Applies when some, but not all of the subsidiaries have loaded their
trial balance.
• Warning - Applies when some of the subsidiaries have data submissions with
Warning status. Warning status overrides all other statuses except Error.
• Error - Applies when some of the subsidiaries have data submissions that have
Error status. Errors status overrides all other statuses.
• Completed - Applies when all trial balances have been uploaded.