Powerful multi-entity and financial consolidation software

Investing in the right software is crucial for multi-entity businesses, whether operating in Ireland or globally, to handle financial consolidation and multi-currency management effectively.

CTA TBC

Key features of financial consolidation software

Financial consolidation software can be an incredibly powerful tool for organisations looking to streamline their financial processes and improve visibility into their financial data.

Centralised financial data

A key benefit of financial consolidation software is the ability to centralise financial data from multiple entities, departments, or subsidiaries in one location. This can help reduce errors and increase accuracy, while also saving time.

Multi-currency management

If you're working with multiple currencies, look for software that provides multi-currency management capabilities. This feature enables you to accurately handle transactions in different currencies, and quickly convert financial data to a common currency for reporting purposes.

Automated consolidation

Say goodbye to tedious manual consolidation. Automated consolidation in financial consolidation software can help reduce hours of manual work, while ensuring greater accuracy and consistency across your financial data.

Customisable reporting

Every organisation has unique financial reporting needs. Look for financial consolidation software that enables you to easily customise your reports, allowing you to present financial data in a way that makes sense for your organisation.

Audit trail transparency

Financial consolidation software that provides a comprehensive audit trail can help ensure accountability and transparency throughout your financial operations. Rest easy knowing that all financial transactions and adjustments have a detailed audit trail, providing full transparency and traceability.

Effective multi-entity reporting

Effective multi-entity reporting transforms financial data handling, providing holistic insights. It streamlines consolidation, enabling trend spotting, risk assessment, and informed decisions. Compare entity performance, allocate resources, and drive growth effortlessly. It simplifies reporting, elevates decision-making, and offers a competitive edge for success.

Simplified chart of accounts maintenance

A streamlined chart of accounts boosts financial management, ensuring accuracy and consistency. Simplifying maintenance saves time, reduces errors, and enhances data management. This simplification eliminates confusion, streamlines processes, and empowers better financial analysis and decision-making for your organisation's success.

Transaction accuracy and traceability between multiple entities

Transaction accuracy and traceability are pivotal for financial control and efficiency. They provide a solid foundation for reliable reporting and informed decisions while offering a holistic view of operations. This capability is relevant across diverse organisations, and fosters trust, transparency, and success in today's competitive landscape.

Set up and incorporate new entities with ease

Effortlessly setting up and incorporating new entities is vital for organisational adaptability and growth. It streamlines expansion, saves resources, and ensures agility in seizing opportunities and navigating a dynamic business landscape.

Multi-currency accounting software feature benefits

Good multi-currency accounting software should address several main areas for businesses growing internationally:

Multiple base currencies

Think of "Multiple base currencies" as your passport to global financial management. This essential feature in multi-currency accounting software allows businesses to operate with ease in different countries, empowering them to effortlessly handle transactions and track financial performance in their local currencies.

Flexible multi-currency consolidation

This invaluable feature in multi-currency accounting software enables businesses to consolidate financial data from multiple currencies effortlessly, giving them a comprehensive and unified view of their global operations.

Automated currency conversion

Automated currency conversion in multi-currency accounting software simplifies transaction conversions by handling all currency conversion calculations automatically, eliminating the need for manual exchange rate lookup and number crunching. This saves valuable time and reduces risk and human error.

Cumulative translation adjustments

A cumulative translation adjustment (CTA) records gains and losses from changing exchange rates over time. This information gives you valuable insight into the profitability of doing business in a given currency and/or region.

Multi-currency consolidation compliance

Essentially, multi-currency consolidation combines international entities' financials with different reporting currencies into a single entity with one reporting currency. This allows businesses trading across several currencies to easily convert their data into a preferred currency to better understand accounting data in their preferred currency or currencies. This allows international businesses to keep up with compliance regulations in a given region's preferred currency reporting standards.

Discover our financial consolidation software options

From domestic multi-entity to global consolidation, we've got a software solution that can help you transform your business operations.

Sage Business Cloud

Intacct

An award-winning cloud financial management platform that enables organisations to do more and do it better. Customers of all sizes and industry rely on Sage Intacct's award-winning best-in-class cloud financial management platform to deliver efficiencies and insights across their organisations.

Automate complex financial processes and multi-dimensional data analysis
Automated workflows, smart revenue recognition, and seamless data flows that streamline the revenue cycle across your organisation
Multiple entities, currencies, geographies – consolidate it all in minutes
Core financial dashboards and reporting software that turns data into insight
Access over 200 specialised software providers to deliver the most powerful solution to your organisation
Open APIs that make interacting with data not only possible but relatively simple

Find out more

Sage Business Cloud

Sage X3

International or local, mobile and web, in the cloud or on-premise - whatever your needs, we offer enterprise management tools to help you simplify complexity and drive growth.

A single solution for managing core business processes including inventory, sales, customer service, finances, and workforce
Collaborate across divisions, countries, multiple sites, languages and legislation
Manage financial operations with general ledger, cost accounting, and budgeting
Control procurement, cash flow and business purchases
Get a 360° view of your customers across sales, marketing, customer service and support
Ideal for manufacturing, wholesale distribution, and service processes

Go to Sage X3

Keith Yoder

CFO, Hickory Creek Healthcare Foundation

Based on past experience with Microsoft GP’s reporting limitations, it was an easy decision to choose Sage Intacct's flexible, reliable reporting and modern accounts payable.

Get practical multi-entity and financial consolidation advice

Payroll changes for Irish employers to know about in 2025

Another new year and you need to start preparing for payroll changes, as a lot of the measures in the October budget come into effect now.

New tax year: What businesses need to know and do in 2025

As the new tax year begins, employers and owners of small businesses can learn about key changes and initiatives taking effect in 2025.

How to create an effective HR strategy in 2025

Learn everything you need to know about HR strategy in 2025, as well as steps to create your own efficient and successful plan.

Statutory sick pay FAQs: Answers to questions your employees may have

Have your employees got questions about Ireland's statutory sick pay scheme? Discover the answers that will help you help them.

Statutory sick pay: What Irish employers need to know and do

Discover what's happening with the statutory sick pay scheme and learn about your obligations as an employer under the legislation.

5 HR strategies to lead the future of work in 2025

Learn how HR leaders can embrace trends shaping the future of work and discover some actionable tips to help you navigate the road ahead.

How to use the Small Benefit Exemption Scheme for your business

Give your employees tax-free vouchers to show your appreciation of their hard work by using the Small Benefit Exemption Scheme.

Turn social presence into business growth – Part 2

In this season finale, Ash Jones, founder of Great Influence, shares expert insights on building a powerful personal brand and using it to drive business growth. Learn how to amplify your online presence and create content that converts.

Explore Sage Advice

Want to learn more?

Expert advice

We've got you covered. Schedule a call with our expert advisors who can help you find the best multi-entity software for you.

Schedule a call GATE TBC

By business size

By industry

By business need

Customer success

Member Masterclass

Powerful multi-entity and financial consolidation software