The Montag Inflation Accounting Package automates inflation adjustment, restatement and financial reporting processes under TAS 29 (IAS 29) on SAP. By eliminating the dependency on Excel, it provides a sustainable, traceable and auditable accounting foundation for periods of high inflation.
The Montag Inflation Accounting Package is a solution package that automates the inflation restatement of financial statements under TAS 29 (IAS 29), the management of monetary and non-monetary items, restatement calculations and reporting on SAP.
Are inflation accounting calculations still done in Excel?
Does separating monetary and non-monetary items take time or create a risk of error?
Do you have to prepare statutory financial statements and management reports separately?
Are the accounting entries after inflation adjustment posted to SAP manually?
Do you struggle to establish an auditable and traceable process for TAS 29?
Our solution manages inflation indices, monetary/non-monetary account classification, restatement calculations, the creation of accounting entries and reporting, all from a single platform.
Inflation adjustments are calculated by the system according to TAS 29 rules and the related accounting entries are created.
Accounts are classified according to defined rules and adjustments are carried out with the correct accounting logic.
Assets, equity and other relevant accounts are restated using official price indices.
Statutory financial statements and management reports can be produced and compared from different perspectives.
A sustainable, standardised inflation accounting process under TAS 29
Elimination of Excel-based manual calculations
More accurate financial statements in a high-inflation environment
Auditable and traceable accounting processes
Management and statutory reports produced from the same data
Faster period-end close
Companies applying inflation accounting under TAS 29
Large and mid-sized enterprises running SAP
Holdings preparing consolidated financial statements
Finance teams managing statutory and management reporting together
Organisations that want to manage inflation adjustment on SAP instead of Excel
We analyse your existing accounting structure, chart of accounts and reporting needs.
We design the TAS 29 processes on SAP to fit your organisation.
We develop and test the inflation accounting calculations, accounting entries and reporting in the SAP environment.
We continuously update and support the solution for regulatory changes, new indices and additional reporting needs.
Instead of temporary Excel-based workarounds, we deliver an enterprise inflation accounting foundation that runs integrated with your SAP processes.
We evaluate accounting standards and SAP finance processes together to build a solution that works with the correct accounting logic.
All calculations, accounting entries and reports are managed on SAP in a traceable and auditable way.
TAS 29 (IAS 29) is the accounting standard that governs the restatement of financial statements in hyperinflationary economies according to changes in the purchasing power of money.
The solution classifies accounts automatically according to defined accounting rules and processes monetary items, non-monetary items, equity accounts and fixed assets with the appropriate restatement methods.
Yes. The solution can produce statutory financial statements and management reports in separate views, according to different reporting needs.
The system can be configured to work with the inflation indices officially published in the relevant country. Indices can be updated and versioned as required.
Yes. The solution is designed to integrate with your existing SAP finance infrastructure. The implementation approach is determined by the SAP version in use, the company structure and the reporting needs.
Let's assess together how the Montag Inflation Accounting Package can be adapted to your organisation.
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