Business integration system report driven by in-memory database

Abstract

The present disclosure describes methods, systems, and computer program products for providing enhanced business consolidation system reporting functionality according to an implementation. One computer-implemented method includes retrieving financial journal entry data from a total record for consolidation into a consolidated financial report, the financial journal entry data classified as single company closing records, inter-company elimination records, and group-dependent elimination records, processing the single company closing records resulting in single company closing records result data, processing the inter-company elimination records resulting in inter-company elimination records result data, processing the group-dependent elimination records resulting in group-dependent elimination records result data, performing, by operation of a computer, a union of the single company closing records result data, the inter-company elimination records result data, and the group-dependent elimination records result data to generate consolidated financial report data, and generating a consolidated financial report based, at least in part, on the consolidated financial report data.

Description

Background technique [0001] A business group can consist of many independent business organizations. Laws often require business groups to provide consolidated financial reports (CFR) in accordance with internal financial reporting standards (IFRS) and / or other standards both domestic and international. Business groups neither need nor want to disclose internal business transactions (transactions) between independent business organizations constituting the business group. Business consolidation system (BCS) reporting software applications are often used by business groups to generate comprehensive financial reports and eliminate the internal affairs of independent business organizations from source business data. BCS reporting software application logic often suffers from the limitations of poor time performance and / or additional storage requirements. Poor time performance and limitations of additional storage requirements can cause delays in report generation and additional s...

AI Technical Summary

Problems solved by technology

BCS reporting software application logic often suffers from poor timing performance and / or limitations of additional storage requirements

Poor timing performance and limitations of additional storage requirements can cause report generation delays and additional storage costs to generate CFRs, thus increasing the total cost to the business group for the owner of the BCS reporting software application

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