Why choose Scaleup’s Consolidated Reporting Software?
Automated Reporting
Data Experts
Bespoke
Flexible
Consolidated Financial Reporting Software
One platform to consolidate them all.
Accurate financial consolidation on autopilot. Simplify & unify your financial overview.
Consolidating multiple entities can be a real headache, especially when juggling data manually in spreadsheets. Scaleup's Consolidated Reporting is a game-changer for businesses. It simplifies processes that include handling data diversity, intercompany transactions, and currency conversions.
Consolidation Tool
Merge financials from various business entities effortlessly, ensuring your management overview and reports are comprehensive and cohesive.
Eliminations
Our elimination tool streamlines the process of removing intercompany transactions, clarifying your financial landscape for accurate reporting.
Currency Conversion
Streamline your global financial operations with our tool that ensures accurate and consistent financial reporting across different currencies.
Strategic Decision-Making
Empower your strategic decisions with a consolidated view of your financial position, enhancing speed and precision in your business planning.
"Scaleup Finance has helped us a lot when it comes to consolidated reporting on group level as well as streamlining our operational finance. This has reduced the amount of manual work required significantly, so I can focus on other important aspects to drive the business forward."
Matthew Robinson
Lumen Research
FAQs
All the answers you need for all the questions you’ve got.
(But also TL;DR)
What is consolidated reporting?
Consolidated reporting is the process of combining the financial statements of multiple business entities within a group into one comprehensive report. It allows you to get a unified view of the group's overall financial health.
Why is consolidated reporting important for a business?
Consolidated reporting gives stakeholders a clear picture of a company's overall financial position and performance, beyond individual entities. It's crucial for making informed decisions, understanding the group's financial strengths and weaknesses, as well as meeting regulatory requirements for financial transparency.
What is the difference between consolidated and separate financial statements?
Consolidated financial statements aggregate the financials of a parent company and its subsidiaries, presenting the group as a single economic entity. Separate financial statements, on the other hand, report the financials of each entity within the group, without adjusting for intercompany transactions.
What does a consolidated financial statement look like?
A consolidated financial statement typically includes a balance sheet, income statement, cash flow statement, and statement of changes in equity for the entire group. It adjusts for intercompany transactions and balances, presenting revenues, expenses, assets, and liabilities as if the group were one entity.
