SOFTWARE AND AUTOMATION
Consolidation software and process automation
Well-configured consolidation software secures closings and reduces manual work. We help groups select, configure and rebuild their tool, and we automate the repetitive tasks around it: data collection, controls, reconciliations.
What the engagement covers
We use consolidation software every day to prepare consolidated accounts. This hands-on practice lets us work on both requirements and configuration: chart of accounts and packages, adjustment and elimination rules, controls, reporting outputs. Around the tool, we automate what can be automated (Python, Power Query, automation tools): trial balance imports, intercompany reconciliations, consistency checks. Automations are documented and handed over to your teams.
- Requirements and support in selecting consolidation software
- Configuration: chart of accounts, packages, consolidation rules, reporting
- Rebuild of an existing configuration and migration of historical data
- Adaptation to new standards, such as IFRS 18
- Automated trial balance imports and controls
- Automated intercompany reconciliation
Software we use : Talentia CPM · Anaplan Financial Consolidation (formerly Fluence) · K-Shuttle · Cegid Consolidation
Who it is for, and when
Groups still consolidating in spreadsheets and considering software; groups whose tool was configured years ago and no longer fits their scope or standards; software replacement projects; finance teams wanting to spend less time on collection and controls and more on analysis. We also work alongside software vendors and integrators, to bring accounting expertise to the project.
How we work
-
Assessment: tool, configuration, processes, pain points.
-
Target: definition of requirements or of the target configuration.
-
Configuration or rebuild, tested on an actual closing.
-
Automation of surrounding tasks.
-
Documentation and knowledge transfer to your teams.
FAQ
Does a small group need consolidation software?
Not necessarily. For a small, stable scope, a well-structured and documented spreadsheet may be enough. Software becomes useful as the number of entities, currencies or adjustments grows, as deadlines tighten, or when the group no longer wants to depend on a file mastered by a single person.
Does our data stay with us?
Yes. We work in your tools and environments, with the access you grant us. Automations built for your group are handed over with their documentation, so that your teams can use and maintain them.
Can you adapt our tool to IFRS 18?
Yes. IFRS 18 replaces IAS 1 for annual periods beginning on or after 1 January 2027. It changes the presentation of the income statement (required categories and subtotals) and requires disclosure of management-defined performance measures. These changes mean reviewing the chart of accounts, mapping and reporting outputs of your tool.