Product Update: Multi-Entity Consolidation Is Live

Eliminate Intercompany Noise

Intercompany invoices, loans and management fees are now matched across entities and removed from the group view automatically at every single period close.

Unmatched items are flagged in a dedicated queue, so the team reviews exceptions rather than every single transaction. Mismatches caused by timing or currency differences are highlighted with the likely cause, which makes them quick to resolve before the consolidated reports go out to leadership.

A full audit trail shows exactly which entries were eliminated, when and why. Auditors can follow every adjustment from the group view down to the entity books without any extra schedules or supporting spreadsheets.

Convert Currencies Using the Rates You Choose

Choose closing, average or historical rates per account type, matching the policy your auditors expect. Translation differences are calculated automatically and posted to the right reserve account every period.

Rates are pulled daily and stored with each period, so reports can be regenerated at any time with the exact figures used originally. There is no need to keep a separate rate table or rebuild past months by hand.

Consolidated Group Reports in Minutes, Not Weeks

Group P&L, balance sheet and cash flow now refresh whenever a subsidiary closes its period. Leadership sees the consolidated picture days earlier than before, without waiting on a manual roll-up.

Every consolidated number is fully traceable. Drill from a group total to the entity that contributed it, then down to the originating transaction, in a couple of clicks. Combined with automatic eliminations and stored rates, this means the consolidation that used to take a week of spreadsheet work now happens in minutes. Multi-entity consolidation is available today for every workspace with more than one entity.