Geac recognizes that different organizations require different consolidation solutions, depending on their financial and IT structures. In addition to our Geac Performance Management financial consolidation module, built on a centralized architecture, we offer Geac FDC, a powerful consolidation application designed for businesses that have autonomous reporting units and/or subsidiaries. Geac FDC uses a distributed application architecture in which each reporting site has its own database, for local data ownership and maximum flexibility. Each unit within the organization can perform sub-consolidations and produce their own financial statements in different GAAP formats, according to local requirements.
Geac FDC streamlines consolidation and reporting so that managers have more time spend on analysis and strategic planning. It automates consolidation from multiple locations, in multiple general ledgers and charts of account, and in multiple currencies.

Geac FDC has been architected to deliver all your reporting requirements. This includes management, legal, statutory, and regulatory reporting requirements from a local and global perspective, incorporating support for International Accounting Standards (IAS), US GAAP, Canadian GAAP, UK GAAP, FASB, and more.