BrizoSystem is committed to offering tools that adapt to your business’s unique needs. Our latest feature allows users to select their preferred elimination method for each organisation. Whether you prefer to input eliminations at the group level or at the subsidiary level, this new flexibility ensures your financial consolidation process aligns seamlessly with your workflows.

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What’s New?

Now, you can configure the elimination method at the organisation level by updating the settings in the organisation details. This feature gives users the option to:

1. Input at the Group Level
   • Adjustments are centralised at the group level.
   • Exchange rates for consolidated currency reporting are applied automatically.
2. Input at the Subsidiary Level
   • Specify the originating and receiving subsidiaries for detailed intercompany tracking.
   • Each transaction is linked to both sides, providing a clear audit trail.

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How to Use This Feature

1. Navigate to Organisation Details
   • Log in to BrizoSystem and go to the Organisations section.
2. Select the Elimination Method
   • For each organisation, choose either:
     • Input at the Group Level
     • Input at the Subsidiary Level
3. Save and Apply
   • Once saved, your chosen method will apply to all elimination entries for that organisation.

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Key Benefits

1. Flexibility to Match Your Workflow
   • Use input at the group level for simplicity or choose input at the subsidiary level for detailed intercompany tracking.
2. Enhanced Accuracy and Transparency
   • Tailor elimination methods for individual organisations based on reporting requirements.
3. Streamlined Reporting for Complex Structures
   • Easily adapt to the needs of multi-entity businesses.

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Conclusion

This new feature empowers BrizoSystem users to customise their elimination methods at the organisation level, ensuring alignment with their consolidation processes. Whether your focus is on streamlined adjustments or detailed tracking, BrizoSystem now offers the flexibility to choose.

Start using this feature today! Log in to BrizoSystem and configure your elimination methods in the organisation details section.

For more insights or a demo, reach out to us. We’re here to help!