Configuring financial reports in the construction module (IFS Applications/IFS Cloud™)
Schedule a consultationConstruction and engineering companies often operate through group structures made up of multiple entities, sometimes spread across different regions. To get a clear view of overall financial health, consolidated financial statements are a must. IFS delivers robust financial consolidation tools designed for a range of industries, including construction. To maximize value, the system should be tailored to match the unique needs of each business scenario.
The IFS construction module factsheet highlights how this cloud-based solution, delivered with Platned’s implementation expertise, helps companies achieve more than just real-time visibility. It empowers businesses with greater flexibility, efficiency, and long-term value. Inside the factsheet, you’ll find a breakdown of key features such as:
Cost tracking and forecasting
CIS compliance and subcontractor oversight
Simplified supplier onboarding
Project cash flow control
Centralized document management
Business reporter for group-level reporting
Download the IFS construction module factsheet today to explore the full benefits. Get the factsheet
Financial consolidation is one of the most challenging aspects of accounting. It needs to comply with regulatory standards, ensure data security, support decision-making at the group level, and deliver accurate reporting across every layer of the organization.
Platned is here to help. By reviewing group structures and transaction processes, our financial specialists configure IFS to deliver the tailored reports, balances, and financial insights your organization needs, going beyond what’s available in the standard setup. In most cases, these requirements can be met through configuration, minimizing the need for complex system changes. When additional functionality is required, such as automating specific actions, our team can design and implement the necessary customizations. Our approach also supports unique legal consolidation needs, including applying historical rates for balance translations and managing equity adjustments. For companies not yet using IFS across the entire group, we can extract balances and perform consolidation within IFS to ensure accuracy and consistency.
The Platned team has implemented advanced financial consolidation reporting with detailed fiscal drill-down features for organizations managing more than 40 subsidiaries across multiple countries. Our clients include well-known names such as Multiplex, Kelly Group, Globeleq, Decon Group, William Grant, and Chemigraphic.
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