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Home Consolidation
Profitbase

Consolidation

Helps companies deliver accurate group reporting – on time.

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Consolidation Profitbase
Overview
Faster Closing
Reporting
Aligned Process
Quick Tour
How does it work?
Automated data collection
Automated data collection

Accelerate your financial close process with automated data collection.

Reconciliation
Reconciliation

Drill down on accounts and transactions for matching and identification of differences and errors.

Consolidation & elimination
Consolidation & elimination

Automate intercompany eliminations, allocations, currency conversions, acquisition calculations etc.

Reporting
Reporting

Easy access to internal, external, and regulatory reports – analyze in your favorite BI tool.

Workflow & tasks
Workflow & tasks

Create and manage work processes within the solution to work smoothly as a team

Why use Consolidation
Accelerate your close
Shorter close cycles

Move away from tedious manual steps to orchestrate the close process with greater control.

  • Import data from multiple sources in no time
  • Eliminate inevitable human errors from incorrect data entry
  • Faster close with automatization  

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Shorter close cycles
Continuous reporting and control
No surprises at the end of the reporting cycle

Streamline the financial close process and simplify the task of providing certified financial information.

  • Intercompany transactions are updated daily
  • Automatic reconciliation
  • Match transactions between parties and identify errors and missing bookings 
  • Identify and correct intercompany differences immediately
  • Prepare reports to meet your financial consolidation needs e.g., management and statutory reporting 

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No surprises at the end of the reporting cycle
Process optimalization
Align the consolidation process

Coordinate and monitor the financial consolidation process with built-in workflows and status reporting.

  • Keep track of progress within the process and meet the closing deadline 
  • Extend Profitbase Consolidation with apps and business processes unique to your company 
  • Reuse consolidated data in your planning process 

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Align the consolidation process
Customers Success
Less time - More Precision
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
Advania logo
Atlantic offshore logo
Birger N. Haug
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Want to know more?
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+47 970 64 000 post@profitbase.com
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Profitbase
  • Products
    • Budgeting & Forecasting
    • Risk management
    • Consolidation
    • Financial Reporting Matrix
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    • Customer Success
  • Partners
  • Resources
    • Videos
  • About Us
  • Blog
  • Careers
  • EN
    • no Norsk
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