Financial Data Hub
One governed model for transactions, entities, currencies and plans.
Financial Consolidation
Group results without the consolidation workbook
Map every entity to one chart of accounts, translate currencies and eliminate intercompany balances in Finovoo. Group, entity and segment views come from the same numbers.
The problem
The problems Financial Consolidation solves
Every entity reports differently
Different charts of accounts and currencies make each consolidation a mapping exercise.
Intercompany never quite matches
Mismatched intercompany balances hold up the group close.
No audit trail
Adjustments in a spreadsheet are hard to review and harder to explain to auditors.
Capabilities
What Financial Consolidation includes
Shared chart of accounts
Map entity accounts to a group structure once; new data maps automatically.
Currency translation
Translate each entity at the rates you define for the P&L and balance sheet.
Intercompany eliminations
Identify and eliminate intercompany transactions and balances.
Entity and segment views
Report by group, entity, region or segment from one model.
Adjustments with audit trail
Every adjustment has an owner, a reason and a history.
Consolidated planning
Budgets and forecasts consolidate the same way actuals do.
How it works
Key workflow
Load entity results
Import trial balances or send entity data via API.
Map and translate
Apply the group chart of accounts and exchange rates.
Eliminate
Match and eliminate intercompany items.
Report
Publish consolidated statements and segment views.
Related
Keep exploring
Financial Reporting
Management, board and sustainability reporting that refreshes itself.
EPM & Planning
Plan, monitor, forecast and optimise business performance in one model.
Finance & CFO
Budgeting, forecasting, cash, consolidation and reporting for the office of the CFO.
FAQ
Frequently asked questions
What is financial consolidation?
Combining the financial results of a parent company and its subsidiaries into one set of group statements, translating currencies and removing transactions between group companies.
How do we get entity data into Finovoo?
Spend captured in Finovoo is already tagged by entity. Trial balances and other entity data can be imported from accounting exports or sent through the API.
Can we consolidate budgets as well as actuals?
Yes. Plans and forecasts use the same structure, so group budget vs actual is available by entity.
See Finovoo on your own numbers
Book a 30-minute walkthrough with our team. We will show you how Finovoo fits your planning, reporting and spend processes.