RCAM Report Consolidation & Automation Manager
RCAM is a state-of-the-art enterprise Financial Reporting and Consolidation platform developed by Rhapsody Ventures Pvt. Ltd. It automates Standalone Financial Statements, Consolidated Financial Statements, Cash Flow, Goodwill, FCTR, NCI, Business Reporting and Regulatory Reporting through a secure cloud-based platform.
Simplifying Financial Reporting & Group Consolidation
RCAM is a customizable Last Mile Automation (LMA) platform developed to automate Financial Reporting requirements under multiple GAAPs while simplifying Group Consolidation and Financial Closure.
The platform supports automation of
- Financial Reporting under multiple GAAPs
- Standalone Financial Statements
- Consolidated Financial Statements
- Cash Flow Automation
- FCTR Computation
- Goodwill Calculation
- NCI Calculation
- ERP Integration
- Business Reporting
Built upon more than 25 years of financial reporting expertise, RCAM eliminates manual effort, standardizes reporting and enables finance teams to focus on analysis rather than repetitive preparation activities.
Financial Consolidation Is Slow, Manual & Error Prone
Most finance teams still rely on spreadsheet-driven processes resulting in delays, inconsistencies and compliance risks.
Excel Heavy Process
Consolidation relies heavily on spreadsheets, making the process slow and error-prone.
Large Teams
Heavy dependence on finance, IT and implementation consultants.
Compliance Risks
Regulatory and GAAP compliance often requires additional manual effort.
No Real-Time Visibility
Management lacks instant access to consolidated group financials.
Intercompany Mismatches
Manual adjustments are required for reconciliation and eliminations.
No Audit Trail
Adjustments cannot always be traced efficiently during audits.
Slow Financial Close
Period-end closing takes longer, reducing effective review time.
Multiple ERP & GAAP Challenges
Managing different accounting environments and currencies becomes increasingly complex.
Input → Process → Output
RCAM follows a structured Last Mile Automation process, transforming Trial Balance into complete Financial Statements and Consolidated Reports in real time.
Trial Balance
Upload Trial Balance through Excel or direct ERP Integration.
Master Mapping
One-time Chart of Accounts mapping based on Schedule III or any GAAP.
Automatic Mapping
RCAM automatically maps Trial Balance based on configured masters.
Validations
Auto validation, ledger identification, exception reports and grouping.
Notes Linkage
Automatic linkage of Notes, Groupings, Previous Year data and Financial Statements.
Financial Statements
Balance Sheet, Profit & Loss, Cash Flow, SOCE, Notes and Reports.
Export & Reporting
Export to Excel, Formula-enabled Reports, XBRL-ready outputs and customized reports.
Multiple ERP • Multiple GAAP • One Unified Platform
RCAM sits above existing ERP systems, standardizes financial data through configurable masters and delivers real-time Financial Reporting and Consolidation.
ERP Sources
RCAM Masters
Reporting Rules
Output
Bottom-Up Consolidation
Financial Statements are generated first and then consolidated in accordance with accounting standards, instead of consolidating Trial Balances.
Real-Time Processing
Every change in mappings or Trial Balance immediately updates Financial Statements and Consolidated Reports.
Automatic Calculations
RCAM automatically computes Goodwill, Minority Interest, FCTR and Consolidation Adjustments.
7 Easy Steps to Prepare Financial Statements
RCAM transforms Trial Balance into complete Financial Statements through a structured automated workflow.
Upload Trial Balance
Import Trial Balance through Excel or ERP Integration.
Map Masters
Map only new ledgers using Master Based Mapping.
Inter Unit Elimination
Eliminate Inter Unit transactions automatically.
Consolidate Units
Consolidate Branches and Business Units.
Current / Non Current
Automatic Current & Non Current Classification.
Validation
Review Validation & Exception Reports.
Generate Reports
Generate Balance Sheet, Profit & Loss, Cash Flow & Notes.
7 Easy Steps to Prepare Consolidated Financial Statements
RCAM automates Group Consolidation through a structured workflow with real-time processing and validations.
Upload Standalone Financial Statements
Upload Financial Statements of all Companies for Consolidation.
Goodwill Module
Knock-off Share Capital & Investments through the Goodwill Module.
Generate Consolidated Reports
Automatically generate Balance Sheet, Profit & Loss, Cash Flow and Notes.
Upload Status
Monitor upload status of all Companies centrally.
Consolidation Adjustments
Pass Permanent, Associate and other Consolidation Adjustments.
Inter Company Elimination
Automatically eliminate Inter Company & Inter Unit Transactions.
Additional Notes
Generate Additional Notes and final Consolidated Financial Statements.
450+ Enterprise Features
RCAM combines powerful technology, financial functionality and project management capabilities into one integrated enterprise platform.
- Web Based Client Cloud Platform
- Real Time Processing
- No-Code Implementation
- AI Based Master Mapping
- Multiple ERP Integration
- Multiple GAAP Support
- Structured Database
- Adaptable to Existing ERP Environment
- Standalone Financial Statements
- Consolidated Financial Statements
- Cash Flow Automation
- Goodwill Calculation
- Minority Interest
- FCTR Automation
- Multi Currency Environment
- Validation Engine
- Export to Excel
- Bottom-Up Consolidation
- Role Based Access
- Corporate Lock
- Dashboard
- Status Tracking
- Upload Monitoring
- Auto Mail Notifications
- Comprehensive Audit Trail
- Validation Reports
- Process Driven Workflow
- Access Control
Traditional Process vs RCAM
RCAM addresses the most common implementation, functional, compliance and technology challenges faced by finance teams.
Traditional
- 9–18 Months Implementation
- Large IT Team Required
- Heavy Coding
- Difficult Customization
RCAM
- 3–4 Months Go Live
- No-Code Functional Platform
- Master Based Configuration
- Quick Business Changes
Traditional
- Manual Cash Flow
- Manual Consolidation
- Manual IC Elimination
- Human Errors
RCAM
- Automatic Cash Flow
- Real-Time Consolidation
- Auto IC Knock Off
- Built-In Validations
Traditional
- Manual Compliance Checks
- No Audit Trail
- Difficult Multi-GAAP
- Manual Tracking
RCAM
- SOX & Companies Act Ready
- Complete Audit Logs
- Multiple GAAP Support
- Role Based Access
Traditional
- Desktop Software
- Batch Processing
- Single ERP
- Migration Required
RCAM
- Cloud Based Platform
- Real-Time Processing
- Multiple ERP Integration
- No Migration Needed
Proven Enterprise Implementations
RCAM has successfully supported organizations across industries by reducing reporting timelines and improving reporting quality.
100+
Enterprise Implementations450+
Product Features25+
Years Domain ExperienceMultiple
ERP IntegrationsWhy Organizations Choose RCAM
- Faster Financial Closing
- Improved Data Accuracy
- Automated Consolidation
- Audit Ready Reports
- Multiple ERP Compatibility
- Cloud Based Deployment
What Our Clients Say
Trusted by Finance Professionals and Industry Leaders.
RCAM helps us to complete consolidated financials smoothly as compared to excel/manual consolidation.
Ganesh Sanwal
Manager FinancePatel Enginering Limited
RCAM has been a very well structured and thought out tool for doing consolidation. It takes care of all consolidation adjustments like NCI, investment/ equity set off, inter co adjustment automatically which leaves very little chances of errors.
Deepak Gupta
Financial ControllerZomato Limited
RCAM allows seamless consolidation and review as a CFO for the entire group accounts. It’s an easy to use module with data capture and audit trail which is essential for any corporate.
Ankit Jain
Financial ControllerRemsons Industries Limited
Experience RCAM in Action
Schedule a personalized demonstration and discover how RCAM can automate Financial Statement Preparation, Consolidation, XBRL Reporting and Business Reporting for your organization.
Request Live Demo