Consolidation is the process of merging data from multiple sources, while maintaining the data integrity. Typical consolidations include managing data with:
- Multiple Enterprise Resource Planning systems
- General Ledger systems
- Product line level
- Cost centers
Overcoming the complexities of consolidating data is a significant issue; typically it’s a very labor-intensive, inefficient process that lacks the necessary data integrity.
Unlike other options to consolidate data, AXIS consolidation does not require linking data together. It’s driven by accounts and then consolidates up through the dimension hierarchy. This approach is easier to use and provides the confidence that the data is accurate. Within AXIS’s powerful OLAP calculation engine, AXIS brings the accuracy and reliability back into your data analysis and consolidation.