A financial reporting and compliance software.
Mondial CRx aggregates transaction-level accounting data from any combination of ERP systems into a cloud-based repository, offers GAAP and IFRS-compliance through a high-quality financial report writer, and supports the creation of meaningful executive informational financial dashboards that use actual, near-real time data.
Mondial CRx is a good fit for organizations with multiple companies in a group, that sometimes (but not always) use different ERP systems, and often operate in multiple different currencies. The solution is meant as a single reporting system that can be used by financial professionals across the whole enterprise, with the key beneficiary and economic decision-maker being the group CFO.
The cost of Mondial CRx starts at $500/month. Pricing is based on the number of group companies, ERP systems, reporting currencies, users, and languages. There is a free trial available. There is no free version available.
We have created common financial reports for each division within our company as well as consolidation reports which provide overall views of corporate performance.
The product is easy-to-use and requires no IT department support. Accountants can use it without needing to be programmers. We were able to set up our core P&L and Balance Sheet reports in a day and after only a few hours of training.
Sometimes the reports can take a while to run. That is because Mondial builds its reports based on the individual accounting transactions - GL, AP and AR - from our accounting system and not on pre-populated balance data. So while it occasionally takes longer, our users can answer their own questions by drilling down to see the individual transactions that make up a reported balance.