This checklist outlines the essential features consolidation software must provide to support accurate, compliant, and efficient group financial reporting. It emphasizes multi-industry applicability, support for various accounting standards, multilingual and multi-user capabilities, and certification under IDW PS 880. Key requirements include strong master data management, automated data import, validation, intercompany reconciliation, and handling of complex consolidation functions like goodwill, hidden reserves, and minority interests. It also highlights advanced analysis, reporting, workflow automation, and integrated audit trails to ensure transparency, compliance, and reliable financial intelligence for organizations.

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