- Decentralised Elimination Process – eMerge facilitates a Decentralized Elimination Process enabling the subsidiary users to input elimination entries with other subsidiaries of the group. This feature also allows the users to view the eliminations entered by peers. At the consolidation level, an elimination reconciliation report is auto generated which consolidates all the transactions and differences into a single excel worksheet for comprehensive analysis.
- Elimination Reco in Trading Currency – eMerge handles elimination transactions involving multiple currencies by computing Foreign Currency Translation Reserve (FCTR) on such eliminations. If subsidiaries with different base currencies transact in a third currency, eMerge allows users to input elimination data in the base, reporting as well as this transacting currency thus allowing users to reconcile and get the correct FCTR numbers.
- Checksum Schedule – The Checksum Schedule of eMerge ensures accuracy in presenting opening, movement and closing balances for schedules like PPE, intangible assets, investment property, ROU assets, and other equity. It highlights discrepancies between these balances (as the data flow from different data sources), helping users to identify and correct data entry errors or missing data. Management uses the Checksum Schedule as a checklist for completeness in the financials.
- TB upload in two currencies – eMerge offers the flexibility to upload Trial Balances in two currencies. Whether your ERP provides a TB with base and reporting currency columns, or you prefer not to convert from base to reporting currency by uploading exchange rates – eMerge accommodates this dual-currency upload seamlessly.
- Auto Note Numbering – eMerge provides auto note numbering option for financial statements generated through its template module. You can choose automatic sequencing up to three levels, thus relieving the users from the activity of manually tracking the numbering whenever a new schedule is added, or an existing one is removed.
