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Financial consolidation software for easy multi-entity accounting

Simplify your multi-entity and multi-currency management with financial consolidation and reporting software. Gain real-time insights and reduce exchange headaches to boost accuracy and efficiency. 

Key features of financial consolidation software

Discover the features of consolidation accounting software that will help you automate processes, simplify multi-entity management, and stay compliant.

Simplify complex global consolidations

Consolidate complex, multi-entity structures in a single system, across time zones and currencies.

Automate inter-company eliminations

Gain visibility and automate eliminations across entities to create post-consolidation journals.

Stay compliant with GAAP/IFRS

Create unlimited consolidated books and stay compliant with GAAP, IFRS, and other tax regulations.

Real-time financial consolidation reporting

View and analyze real-time insights from financial reports at any time and close your books faster.

Gain full audit traceability

Get audit-ready, cross-entity financials with automated consistency and accuracy for compliance.

The benefits of smart financial consolidation software

Our multi-currency, multi-entity financial consolidation software streamlines and automates complex global and domestic accounting. See everything clearly with real-time data and adaptable reports.

Streamline global finances

Centralize financial data across entities, currencies, and regulatory regions to gain full financial visibility with a unified, real-time view of global operations. Consolidate entities and scale operations efficiently with flexible rules and configurable general ledger accounts.

Automate consolidation workflow

Our consolidation accounting software automates tasks, reduces human errors, and minimizes tedious manual admin. Close the month faster and more accurately with centralized, real-time financial data and free your team up to focus on higher-level analysis.

Scalable consolidation reporting

Seamlessly customize reports and generate reporting books at the subsidiary, regional, and global levels of your organization. Easily build tailored reports by department, location, or project across multiple consolidated entities, for management, compliance, or audit needs.

Accurate multi-currency consolidation

Our consolidation accounting software automatically translates financial data across currencies. It supports ASC 830 / FAS-52 compliance with automatically-computed OANDA live exchange rates that eliminate manual exchange rate management to save time and boost accuracy.

Explore our consolidation accounting software

Our financial consolidation software empowers you to manage your international business efficiently. Explore our scalable solutions and find the perfect fit for your unique needs.
 Sage Intacct

Sage Intacct <font class="text-highlight-ai" style="white-space: nowrap;">with Ai</font>

The smart cloud accounting and ERP solution to unleash the potential of your business. Learn why industry leaders choose Sage Intacct.

 

Discover Sage Intacct

 

Across all industries, Sage Intacct customers achieve an average of:

  • 250% ROI
  • 6 months payback
  • 79% close time reduction
  • 65% productivity improvement

Rated #1 in customer satisfaction by G2.

Sage X3<font class="text-highlight-ai" style="white-space: nowrap;"> with Ai</font>

The ERP ideal for global companies in manufacturing, distribution, chemicals, and professional services.

Discover Sage X3

 

  • Take control of global operations with real‑time intelligence
  • Get the insight you need, when you need it with built-in AI
  • Expand to new markets or geographies
  • Adapt faster to change across supply chain, production, and finance

G2 Users Most Likely to Recommend Winner.

Heather Norum

Director of Accounting, VelocityEHS

"At first, our CFO was spending five painful days each month doing currency exchange calculations because no one else had bandwidth. But now, our global consolidations can be completed across five different currencies in a few short minutes with the push of a button in Sage Intacct."

Financial consolidation and multi-currency accounting FAQs

Financial consolidation software streamlines and automates the process of combining financial data from your entire organization, regardless of location or currency. It provides a single, unified view of your finances, replacing the time-consuming task of manually compiling information from multiple entities.

Here's how it tackles the challenges of multi-entity and multi-currency accounting:

  • Multi-entity accounting: This software is built to handle the intricacies of managing multiple businesses or subsidiaries. It seamlessly integrates financial data from each entity, ensuring a consolidated view that reflects the overall performance of your entire organization.
  • Multi-currency accounting: Financial consolidation software automates currency conversions and exchange rate processes, ensuring accurate translations and eliminating the risk of errors in your consolidated reports.

Financial consolidation software tackles the multi-entity, multi-currency challenge by automating data collection from various sources within your organization.

It offers a central platform for collaboration, simplifying communication and task management across teams and entities. Multi-entity accounting software lets you create customizable consolidated financial statements that meet your specific reporting needs, often with drill-down capabilities for deeper analysis.

Yes, consolidation accounting software is specifically designed to handle multiple entities and subsidiaries.

Consolidation accounting software centralizes financial data from different entities, departments, and subsidiaries in one location. This means local and global multi-entity businesses can manage financial consolidation and multi-currency accounting efficiently.

The software can manage transactions in multiple currencies and quickly convert financial data to one currency for easier reporting.

Sage cloud-based financial consolidation and reporting software streamlines the process of combining financial data from across your entire organization, regardless of location or subsidiary. It offers the following benefits for businesses:

  • Effortless accessibility, real-time visibility: With a Sage cloud solution, you can access your most up-to-date financial information anywhere and anytime. This empowers your team to collaborate seamlessly and make data-driven decisions faster, whether in the office, remotely, or traveling.
  • Unleash the power of real-time data: Gain a real-time pulse on your organization's finances. Sage's cloud-based software delivers constantly updated data, providing a clear and accurate picture of your overall performance. This fosters proactive business strategies and allows you to react swiftly to financial changes.
  • Seamless collaboration across teams and locations: It provides centralized financial data consolidation, streamlining communication and task management between teams, regardless of location.
  • Empower smarter decisions with flexible reporting: Sage cloud-based solution offers a robust reporting suite to generate customizable consolidated financial statements tailored to your needs.

Our software integrates with a wide range of business applications, including CRM systems like Salesforce, payroll tools, or various industry-specific solutions. 

Explore the Sage Marketplace for Sage Intacct or the Sage Marketplace for Sage X3 to discover the hundreds of pre-built integrations available.

Our Sage Intacct product can also support custom integrations through its open APIs, with an option for you to configure integrations using Sage Intacct Data Flows.

Wisdom for smarter business

Read our blogs, get insights and tips about consolidation accounting for your company.

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Ready to learn more about what Sage accounting and financial consolidation software can do for your business? Our product experts are here to guide you every step of the way.