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Consolidation

Consolidation — Reporting

Profitbase Consolidation helps companies deliver accurate group reporting – on time.

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Consolidation Profitbase
Overview
Faster Closing
Reporting
Aligned Process
Quick Tour
No surprises at the end of the reporting cycle
Up to date

Identify and correct intercompany differences immediately

  • A flexible and efficient way of detecting differences in basic transactions
  • Gain visibility into upcoming obstacles in your process and proactively resolve key issues before they bring your close to a halt
  • Intercompany differences can be identified and corrected before entering the busy closing process 
  • Currency conversion of subsidiary’s local currency to group currency
  • Summation of consolidated figures at group/subgroup level 

Up to date
No surprices at the end of the reporting cycle

Eliminate inevitable human errors from incorrect data entry.

  • Experience greater confidence in the accuracy of the numbers
  • Move away from numerous spreadsheets to a single version of the truth 
  • Seamlessly integrate multiple charts of accounts into a common group chart of accounts

No surprices at the end of the reporting cycle
Drill down to accounts and transactions

Prepare reports to meet your financial consolidation needs e.g., management and statutory reporting.

  • Easy data integration for group reporting
  • Financial statements are ready for review shortly after you have received relevant information 
  • Create and edit comments that disclose the assumptions made when preparing financial reports.
  • Deliver reports to finance stakeholders, managers, line-of-business executives, and regulatory bodies 
  • Non-technical users can design and modify reports without assistance from the IT department

Drill down to accounts and transactions
Customers Success
Less time - More Precision
Roar Malmin review
Profitbase has skilled people who know what they are doing. In the past, we used to spend two or three weeks on this type of work. Now we have all the information available, and can get this done in ten minutes.
Roar Malmin
corporate chief accountant at the Fatland Group
Ferda AS
SR Bank
Toma
AGR
Advania
Akva Group
Den Nationale Scene
Atlantic Offshore Management
Bergen Røde Kors Sykehjem
Birger N. Haug
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Profitbase
  • Products
    • Budgeting & Forecasting
    • Risk management
    • Consolidation
    • Power BI Visuals
      • Financial Reporting Matrix
      • Power BI Gantt Chart
  • Customers
    • Our customers
    • Customer Success
  • Partners
  • Resources
    • Guides
    • Videos
  • About Us
  • Blog
  • Careers
  • EN EN
    • no Norsk
Profitbase
  • Book a Demo
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