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The Taxilla Shared Ledger is a proprietary architectural layer - a single live ledger shared across entity finance, group consolidation, and FP&A planning. The same governed data that supports consolidated accounts also underlies the planning model, helping reduce the data consistency gaps that make plan-vs.-actual comparisons difficult.
In most organisations, close/consolidation and FP&A run on entirely separate platforms - connected only by a periodic, manual data extract. This creates a fundamental data consistency problem that no amount of analytical sophistication can overcome.
Actuals come from the ERP or consolidation system. Plans live in a separate FP&A tool. The two never truly match - different accounting period definitions, different entity hierarchies, different GL structures.
Every month, actuals are exported from the consolidation system, reformatted to match the FP&A tool's data structure, and loaded - a process that takes days and introduces reconciling differences.
By the time actuals are loaded into the planning tool, period-end decisions are already being made - the planning model reflects last month's state, not this month's close.
Some of the variance between plan and actual is real business performance. Some is caused by differences in how the two systems treat the same transaction. Finance teams spend time explaining system differences, not business performance.
When CFOs want to understand a consolidated variance at entity level, FP&A must manually compile entity-level data - there is no system drilldown from the consolidated view to the underlying entity detail.
When entity finance and group FP&A discuss performance, they are often looking at different numbers from different system extracts - requiring reconciliation before the conversation about business performance can begin.
When entity ERP transactions are imported into Taxilla for Financial Close processing, they write into the Shared Ledger-a single, governed data store accessible across all Taxilla modules.
The Financial Consolidation module reads entity actuals from the same Shared Ledger—eliminating the separate extract/reload cycle between entity and group levels.
The FP&A Planning module reads actuals from the same Shared Ledger that produced the consolidated accounts—so plan vs. actual comparisons use the same governed numbers.
When the period close completes and actuals are approved, the Shared Ledger updates - FP&A planning models reflect the latest approved actuals immediately, with no manual refresh.
Any consolidated variance can be drilled to entity, cost centre, and transaction level within the same platform - no manual compilation, no cross-system lookup.
We will demonstrate how the Shared Ledger connects entity close, group consolidation, and FP&A planning - eliminating the data reconciliation that separates them today.
Entity actuals, consolidated results, and planning data all stored in the same governed ledger - a single source of truth shared across all three Taxilla modules.
When the close approves period actuals, the planning module reflects the update immediately - no export, no load, no delay between the close completing and the planning model updating.
Budget, forecast, and actual figures drawn from the same ledger - plan vs actual variances reflect business performance, not system differences between separate platforms.
Navigate from consolidated group P&L to entity, cost centre, and transaction detail within a single system - no manual cross-platform lookup required.
Entity finance, group consolidation, and FP&A teams all see the same governed numbers - conversations about performance happen on shared data, not reconciled extracts.
The Shared Ledger is governed by the same period controls, approval workflows, and audit trail that govern the close and consolidation processes - data integrity is maintained across all use cases.
Plan, forecast, and actual figures all come from the same Shared Ledger - the data reconciliation debate between close and planning teams ends.
Actuals post to the Shared Ledger when the close approves them - the planning model updates automatically, with no manual extract or load cycle.
Variances reflect real business performance - not differences caused by two separate systems treating the same transaction differently.
Any group-level variance can be drilled to entity, cost centre, and transaction level in the same system - minutes, not days.
The month the close completes, FP&A immediately works from current actuals - not from last month's extract waiting for the next load cycle.
The Shared Ledger is the architectural foundation that makes FCCP a genuinely connected suite - not three separate modules with data pipelines between them.
The Shared Ledger is the architectural foundation that connects Financial Close, Financial Consolidation, and FP&A Planning in the Taxilla FCCP platform - making it a genuinely integrated suite, not three modules with data pipelines between them.
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