Sigma Conso announces version 2.1 of its Consolidation, Reporting and Intercompany Reconciliation applications

Tuesday July 19th, 2016

Brussels, July 19th 2016 – Sigma Conso, an international supplier of Corporate Performance Management software, today announced the release of version 2.1 of its Consolidation, Reporting and Intercompany Reconciliation applications.

The applications are evolving to provide ever-better performance and ergonomics. The new versions of the applications were premièred at Sigma Conso’s  international user day held  in June. The release of the new versions provided an opportunity to rename the applications to better reflect the increasing integration between the suite’s modules and to create more consistent messages about their functionality:

  • Mona Group Reporting is now Sigma Conso Consolidation & Reporting
  • Mona InterWeb is now Sigma Conso Intercompany
  • Mona Planning is now Sigma Conso Planning

Sigma Conso will be updating its marketing materials over the summer, including the website and sales documents, to reflect the product changes.

The Sigma Conso 2.1 suite: ever-better performance and ergonomics

Sigma Conso Consolidation & Reporting:

The new version of Sigma Conso Consolidation & Reporting has added over 50 new features, many of which were suggested by the application’s users. The focus is on increasing the software’s overall performance and improving traceability to meet the transparency requirements of internal and external auditors: super-fast display times, consolidation calculation results in seconds, easy creation of new reporting tables (drag/drop) and a complete audit trail to precisely document all data items.

Ergonomics was also key: the number of clicks required to perform each action has been reduced to a minimum.

The Hub, which enables the software to communicate with all transactional applications, has been enriched with new functionality to increase automation.

Sigma Conso Intercompany:

Automating intercompany reconciliation and improving accounting data quality are key goals for every Fast Close process. Sigma Conso has enriched the intercompany application with innovative functionality to help clients achieve this objective:

  • Application customisation options to more closely reflect the processes in place at client sites: increased customisation flexibility, the ability to create an unlimited number of reasons for non-reconciliation, etc.
  • Improved ergonomics: simplified data entry, numerous filters to visualise information as wanted
  • Increased automation to reduce the risk of errors.

Integration

The integration between the suite’s modules has been improved to ensure continuity and perfect consistency between operational and financial data. In addition, the suite’s applications are based on a single account structure.

Vincent Cornil, Sigma Conso R&D Director, explains: “Sigma Conso applications are developed using the best technology currently available to provide users with unbeatable performance, to ensure even faster integration with existing environments and to further automate processes. Our clients get the benefit of the most advanced data and business intelligence display functionality thanks to embedded Qlik Sense technology. Our applications are Cloud native and can also be installed on-premise to meet a range of clients needs. The evolution of our products takes into account the comments and suggestions made by our clients. We want to continue to provide the best possible tools for their growth.”

Dominique Galloy, Sigma Conso Managing Director, adds: “Our Consolidation & Reporting, Intercompany Reconciliation, Budgeting and Strategic Planning applications provide an innovative decision-making platform. It’s ideal for financial departments looking to easily optimise their processes to improve performance management. In our competitive environment, it’s essential that we listen to our clients to provide them with the very best solutions. That’s our goal.”

Sigma Conso provides a CPM software suite for finance which includes consolidation, reporting budgeting and planning
Sigma Conso CPM: discover how to improve your financial processes. Our software is web native, available in SaaS mode or locally, flexible, easy to use, quick to implement and reduces overall cost of ownership.