With Konsolidator, you can automate consolidation to avoid manual, complex calculations. As a result, you can deliver correct accounting figures for the entire group, faster than today.
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Are you a group with many subsidiaries involving complexities such as internal trading, eliminations and foreign currency management that you need to consolidate for ongoing monthly and annual reporting?
Automate the consolidation of groups, sub-groups and subsidiaries, actuals, budget figures and forecasts and let the software handle all calculations and journal preparations to ensure your figures are always accurate and error-free. All group calculations are automatically posted in our journal module for a quick overview. A full consolidation typically takes no more than 13 minutes.
Achieve a complete audit trail with documentation of transactions between subsidiaries and the group. You can view and track changes to each figure, adjustment, and journal entry, and gain transparency into your financial data across the group.
Konsolidator has been tested, used, and supported by auditors, large publicly traded corporations, and smaller privately held companies.
If your group has a complex structure, such as many subsidiaries or different currencies, using Konsolidator to automate the calculations is a great advantage.
Furthermore, if you want to consolidate budget and forecast, include companies that are not in Business Central or want cash flow for all subsidiaries and group, Konsolidator provides great value
The consolidation process in Konsolidator consists of 5 simple steps: Upload, Journals, Consolidation, Cash-flow and Reporting. You easily synchronize your data from Business Central, reconcile the auto-generated journals, complete the consolidation, generate a consolidated cash flow statement, and finally download your reports.
If you forget to consolidate a period or upload a balance that doesn’t match, Konsolidator will clearly show you where and what needs to be corrected so you can complete the consolidation process without any problems. This ensures that your consolidation is error-free and you can have confidence in its accuracy without wasting time troubleshooting mismatched Excel sheets.
You can easily and quickly transfer your accounting figures from Business Central to Konsolidator. Whether you have 3 companies or more than 80, synchronization takes no more than a few seconds.
Part of the setup in Konsolidator is to map your local chart of accounts to a group chart of accounts. Konsolidator does this using AI, where the software automatically maps all local accounts to the group chart of accounts. You can expect over 70% accuracy. The remaining 30% can be corrected with a simple drag and drop.
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