Multi-currency consolidation, GAAP-compliant by design
Arvexi translates foreign subsidiary financials into the reporting currency following ASC 830 and IAS 21. Balance sheet at the closing rate, P&L at the average rate, equity at the historical rate. CTA is generated automatically. No manual rate lookups, no translation workbooks, no reconciliation headaches.
The problem
Manual currency translation is a breeding ground for errors
Look up rates in a treasury system. Copy them into an Excel workbook. Apply closing rates to the balance sheet, average rates to the income statement. Calculate CTA by hand. Reconcile differences that shouldn't exist. When rates are corrected after the fact, redo everything. One wrong VLOOKUP and the consolidated balance sheet doesn't balance.
Translation engine
Standards-compliant translation, built into consolidation
BS at closing, P&L at average
Balance sheet accounts translate at the period-end closing rate. Income statement accounts translate at the weighted average rate. Equity accounts translate at historical rates. Exactly as ASC 830 and IAS 21 require. No configuration needed.
Automatic CTA generation
Cumulative Translation Adjustment is calculated automatically as the balancing entry between assets/liabilities (at closing rate) and equity (at historical rate). CTA posts to the designated OCI account with full traceability to the source amounts and rates used.
Exchange rate management
Three rate types per currency pair per period: ENDING (closing rate for balance sheet), AVERAGE (weighted average for P&L), and HISTORICAL (for equity and non-monetary items). Import from treasury feeds or enter manually. Rates lock when the period closes.
Precision and control
Track every FX variance, force re-translation when needed
Currency translation isn't fire-and-forget. Rates change, corrections happen, and you need to understand the impact. Arvexi gives you full visibility into FX variances and the ability to force re-translation without disrupting the rest of the close.
FX variance tracking
Understand exactly where currency movements hit your financials
Arvexi isolates FX translation variances from operational changes. When a subsidiary's revenue grows 10% in local currency but 15% in reporting currency, you can see exactly how much is organic growth and how much is FX. Variance analysis is available at the account, entity, and consolidated level.
Force re-translation
Correct rates and re-translate without starting over
When exchange rates are corrected after the initial translation, force re-translation clears the existing translated balances for a specific entity-period combination and re-translates using the updated rates. The operation is atomic, audited, and doesn't affect other entities or periods in the consolidation. Part of Financial Close.
Our monthly currency translation was a three-tab Excel nightmare. Arvexi handles five currencies across twelve entities automatically. And the CTA reconciles perfectly every time.
Financial Reporting Manager
Financial Reporting Manager at Global Industrial Company
FAQ
See GAAP-compliant currency translation in action.
ASC 830, IAS 21, automatic CTA, three rate types. Book a demo to see how Arvexi eliminates manual translation workbooks.
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