Architectures for Financial Consolidation: A Comparative Study

Abstract

Although financial consolidation systems may share such similar components as algorithms and data structures, many systems designers are unfamiliar with the corresponding attributes of different consolidation architectures. As a result, some designers fail to select the best consolidation architecture for their clients. This article examines and analyzes corporate financial consolidation in five firms and illustrates how to match the correct system to the organizational structure of your firm.