Financial Consolidation and Reporting Software

Simplify Your Financial Close Processes

All stakeholders involved with the Financial Consolidation process will understand the complexities that it can present. The typical month end close process means that often we are dealing with data which is widely disseminated and owned by separated individuals, across multiple systems, accounting rules, and currencies, all while simultaneously accounting for intercompany transactions.

To deliver this process, many companies inevitably turn to spreadsheets. For financial modelling, spreadsheets can be ideal, but for financial consolidation and reporting , the spreadsheet-based process can be extremely prone to errors and excessively time consuming to manage. The alternative of course, is to adopt financial close and consolidation software application systems from one of the many main vendors.

However, while the application software approach provides the control and 'one version of the truth' so badly needed, these systems often come with high price tags and many have convoluted and time-consuming (costly) batch processing routines in order to enable calculations at various partial stages.

Selecting the correct financial consolidation and reporting software for your particular company environment therefore becomes a critical business decision which significantly benefits from the informed experiences which LSA can deliver. Our financial consolidation software comparison and selection service ensures that your software choice delivers the financial statement consolidation process that works for you and automates and simplifies your month end close processes. Our software comparison and selection service ensures that you can:

The process of combining multiple bank and financial institution accounts into one single account is one of the most important tasks for any business, and it’s a process that can be incredibly time-consuming and confusing. That’s where financial consolidation software comes in. Offering a number of unique and innovative features, financial consolidation and reporting software will automate many of the tedious processes involved with financial consolidation, enabling finance teams to spend more time focusing on their day-to-day work and less time on the repetitive, tedious tasks.

Simplifying and streamlining the Financial Consolidation month end close processes in this way delivers significant cost savings and enables widely dispersed finance teams to effectively and easily collaborate by using the ideal account reconciliation software to deliver all of the critical financial consolidation tasks, including IFRS 16 accounting aligned to complex inter-company relationships.

Find Your Ideal Software With Our Help

LSA Solutions have been acknowledged UK-based financial consolidation experts for decades. Our vast experience of financial close processes has helped many companies to realise the enhanced systems that they require. We deliver financial consolidation systems in optimum timescales, saving valuable implementation budgets and delivering ideal customised applications. Find out more about our financial consolidation partners such as Board and Fluence Technologies in our partner pages.