Flawless and automatic financial consolidation

Say goodbye to time-consuming, manual work in fragile Excel sheets when consolidating your group’s financial reports.

With InfoSuite’s consolidation tool, you can easily and automatically consolidate financial data across companies and currencies – saving time and reducing errors – and use the insights to drive smarter financial planning.

What benefits does consolidation in InfoSuite offer you?

  • A compatible solution with standard integration to the most common ERP systems

  • Automated and optimized processes for consolidating

  • Automated elimination of relevant financial entries, such as intercompany sales, from both the balance sheet and income statement

  • Initial configuration of group-level master data, including the group chart of accounts

  • Fast and easy implementation enabled by ready-made templates

  • A well-established, validated solution

  • Enables reporting in up to five different currencies
  • Streamlined management reporting covering income statement, balance sheet, and cash flow

  • Determination of majority and minority stakes

  • A detailed breakdown of ownership, including subgroups and equity interests

“InfoSuite can easily collect data from different ERP systems, and that was crucial for our choice. We have companies that run on AX, NAV and BC, and a future solution should be able to handle that.”

Randi Bebe, Financial controller at AC Group A/S

Read more about AC Groups InfoSuite solution here

Achieve significant time savings

With InfoSuite Financial Consolidation you can save 86% of your time compared to your current manual consolidation.

What is included in InfoSuite consolidation?

InfoSuite automatically collects data from your companies’ different ERP systems – such as NAV, AX, E-conomics, Aspect4, and Business Central – and joins it in one Data Warehouse.

InfoSuite prepares the fundamental group structure and company relations, including set-up of subgroups.

Management of ownership shares, relations between the companies and data connections that have already been established across the companies.

The local charts of accounts are mapped into one group chart of accounts.

In this way we establish one group chart of accounts, where data from all your companies can be consolidated.

If you have companies in more countries, we define the rules for foreign exchange management. Here, we determine company currency and group currency as well as posting rate, transaction currency, average rate, and budget rate.

We set up the relevant eliminations, such as posting codes, shares, posting levels, and automatic InterCompany trade management.

We provide an overview of eliminations, making the entire process fully traceable and documented.

Opportunity for general group reporting and reporting at subgroups. Detailed group reporting is also available, for example by tracking the transactions down to voucher number.

Still using Excel for consolidation?

Maybe it’s time to consider a dedicated tool. Check out our checklist to guide you along the way.

Spending too much time consolidating?

Is your consolidation process taking up too much of your time? Then a dedicated consolidation tool might be the solution for you.

5 benefits you can quickly achieve by automating your consolidation.

Get full visibility into every transaction – with complete documentation to back it up.

Feel confident in the accuracy of your financial data – every single time.

Say goodbye to tedious, manual processes – and free up valuable time fast.

Stay in control with a full overview of your group’s data – all in one place.

 

Work smarter across teams with seamless multi-user access and real-time collaboration.

Would you like to know more?

Don’t hesitate to reach out to me. I am always ready for a discussion about how InfoSuite can create value for you and your business.

Laila Pedersen

+45 2526 5157

lpe@infosuite.com