Host Analytics Consolidation is the financial consolidation application that is owned by Finance

FACT SHEET

Legacy consolidation systems have required extensive scripting and programming

to implement even the most common consolidation processes, resulting in hard to

maintain code, expensive dependencies on IT or external consultants, and reduced

agility. In today’s constantly changing business environment, it is critical that the

accounting team is able to make all required functional, administrative, and setup

changes quickly and easily, and without the need for IT or programming skills.

That’s why you need Host Analytics Consolidation, the financial consolidation application that is owned by Finance. No scripting or custom programming is

needed to configure Host Consolidation.

Host Consolidation delivers:

} Trusted security and controls

} Rapid deployment and configuration

} Flexible reporting and analysis

ABSTRACT

FACT SHEET

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TRUSTED SECURITY AND CONTROLS

Financial consolidation and reporting is a

mission-critical, often regulated, business

process that involves collecting and

consolidating highly sensitive financial information. Establishing and maintaining

internal controls over financial reporting is critical to avoid inadvertent disclosure

of sensitive financial information, and to successfully meet audit requirements. Host

Consolidation offers role-based security, workflow, audit logs and audit trails giving you confidence that Host Analytics is your single source of financial truth.

Role-based security and workflows support your consolidation process and

keeps the team in synch

To ensure effective internal controls and to prevent fraud and error, it is important

to segregate duties of staff involved in consolidation and financial reporting. Host Analytics offers role-based security at the entity, process, and data level. Accountants

in a subsidiary company could be restricted

to data for that subsidiary, or topside

journal entries could be restricted to specific corporate accountants. Workflows ensure that only authorized individuals submit,

approve or reject submissions. Security and

workflow settings can be documented to meet audit requirements.

Audit logs and audit trails provide

control and accountability in the close

process

Audit trails ensure accountability, prevent

fraud, and help to meet audit challenges and

requirements. Host Consolidation includes

comprehensive audit logs that timestamp

all significant activity in the system for every user, enabling auditability of financial results. Logged activities include journal

entries, reclassifications, data submissions or changes, loading or running reports, opening

or viewing templates, changes to security

permissions, modifications to workflow processes, and any action taken as part of a

workflow such as approval or rejection.

Single source of financial truth gives you accuracy, consistency, and confidence

Host Consolidation captures financial results at a consolidated level and for all entities in

the organization. Using Host Consolidation,

finance, accounting, and business teams can use these actuals in financial reports, budgets, plans, forecasts and models either at the

entity level or the group level. Because Host

Analytics is the single source of truth, you can

be confident that financial results are based on the same trusted data.

FACT SHEET

3

RAPID DEPLOYMEN AND CONFIGURATION

To minimize disruption and ensure

project success, it is important that new

financial systems are deployed quickly. Host Consolidation can be deployed within

8-12 weeks on average. Because Host

Consolidation is cloud-based, there is no

dependency on IT. Prebuilt consolidation

functionality and point-and-click setup

avoid dedicating time and money to costly

customizations.

Cloud deployment frees finance from IT dependency and overhead while

ensuring that all users benefit from the latest innovations

Host Consolidation is a cloud-based

application. This means that there is no

software to install or hardware to purchase or

manage, reducing dependency on limited IT

resources. All Host customers are seamlessly

and automatically updated to the latest

version, benefiting from the most recent innovations and enhancements.

Prebuilt consolidation functionality

deploys quickly and easily

Host Consolidation includes pre-built

consolidation functionality for currency

conversion and reporting, currency

translation adjustment calculations and

posting, journal entries, reclassifications, intercompany eliminations, partial ownership,

org by period, and alternate hierarchies. It

supports multiple sets of books for IFRS, US

GAAP, Tax, and management reporting.

Point-and-click setup makes Finance

self-sufficient

In today’s constantly changing business

environment, it is critical that the accounting

team is able to make all required functional,

administrative and setup changes without

the need for IT or programming skills. No

scripting or custom programming is needed

to configure Host Consolidation, freeing accounting teams from dependence on IT

or consultants, making them more agile and

reactive to changes in organization, strategy,

regulations, and accounting standards.

FLEXIBLE REPORTING AND ANALYSIS

Reporting is one of the key needs of finance and accounting teams. Management reports

help business leaders run organizations.

Financial and regulatory reports inform

investors and regulatory agencies. Host

Analytics delivers a common chart of

accounts for consistent global reporting,

a robust library of reporting formats and

delivery options that meet any financial or management reporting need, as well

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as consolidation activity reporting so

accountants have full transparency into the

financial results, all based on a single source of truth.

One common chart of accounts enables

consistent and trusted global reporting

across the entire organization

Entities within your organization may run a

diverse range of ERP and accounting systems

and have a wide variation in their chart of

accounts. Host Consolidation automatically

maps financial data from all entities into a common chart of accounts for consistent and

trusted global reporting across the entire

organization.

Robust library of reporting formats and

delivery options meets any financial or management reporting need

Accounting teams need a range of reporting

options from highly-formatted financial reports to ad hoc reporting and analysis.

Reports often need to be sliced by entity,

department, and cost center and distributed

automatically to internal and external

stakeholders. Host Consolidation offers highly formatted template-based reports, free-form

ad hoc reporting and analysis, and reporting

embedded in Microsoft Office documents. Standard financial reports like income statements, balance sheets, and cash flow statements can be created quickly and easily.

Reports can be scheduled for automatic,

secure distribution. In all cases, reports are

generated from a single source of truth and

ensure that sensitive information is always

protected.

Consolidation activity reporting provides

transparency into financial adjustments and final results

As the consolidation and financial reporting process unfolds, accountants need to see

the lineage of their financial data, tracking changes from starting balances through

journal entries, intercompany eliminations,

and other changes through to ending

balance. With Host Analytics, consolidation

activity is available as a reporting dimension

so that accountants can instantly slice their

financial data across any consolidation activity enabling them to see the full story behind any

number.