With OneSumX Ledger Accounting, which forms part of OneSumX for Finance, teams receive a single system with up to near real-time financial data in a scalable architecture. The accounting process is regrouped, streamlined and automated, bridging data from finance and business to provide transparent and accurate information to key stakeholders.
OneSumX Finance breaks down finance, risk and compliance silos by unifying and centralizing all data and processes in a single system of record. It brings this all together on one platform, serving finance, risk and reporting. Teams can facilitate, consolidate and unify finance data as the one source of truth for your firm's end-of-period.
OneSumX Subledger Accounting Software Solution
Obtaining quality data that is reconciled and validated can be a challenge that underscores business decisions taken throughout an organization. Inconsistencies found in business activity measures and a firm’s financials can impede management in making business decisions.
Time saving
Seamlessly automate processes to provide fast, reliable financial and regulatory reporting data. Free up more time for valuable business deliverables.
Reduce costs
With granular, shared and trusted data for business, risk and finance you can reduce the cost of data management in each department.
Links departments
Receive an immediate link from finance to risk, ALM, and regulatory reporting. Break down silos by unifying all data and processes in a single system.
OneSumX Subledger Accounting solution features
Ensure data quality and consistency across departments and avoid inconsistencies that can impact business decisions. Our OneSumX software solution supports the growing demand from management, markets and supervisors for information. Manage entities under both common and local GAAPs, and deal with a range of products in multiple currencies under different supervisory requirements.
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Reconcile granular business and accounting data
- Centralize your data architecture to accurately model all financial instruments
- Access balance management, providing multidimensional balances at all levels
- Ensure data consistency at the most granular level with automation from reconciliation and validation engines
- Use adjustments that provide pre-filled corrections under strict control
- Support auditability with a fully transparent system
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Support multiple entities, currencies and GAAPs
- Gain a fully multi-entity and currency aware centralized data architecture
- Generate any required movement with documentation and drill-back with the accounting engine
- Manage balances natively for multiple GAAPs in full parallel or mixed modes
- Uniform processes such as currency and P&L treatments for optimum standardization
- Access full data level control to segregate roles and responsibilities
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Regroup and streamline accounting
- Share fully-featured processes to integrate data from any IT system and multi-entity branches or subsidiaries
- Support the entire process with comprehensive general ledger
- Join local treatments in a unique stream with rule-based functionality
- Control and action every single element with an integrated dashboard
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Fast and reliable financial reporting
- Analyze figures along generic and entity specific dimensions to the most granular level
- Meet internal and regulatory data demands accurately and to time with the multi-book engine
- Keep the ‘Four eyes’ principle audit trail of manual intervention
- Obtain up to near real-time financial data with the scalable architecture
- Reallocate time spent between report preparation to value adding analysis.
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