Konsolidator

Konsolidator is a consolidation software solution designed to automate the consolidation process and streamline financial reporting for CFOs, Controllers, and Finance Managers. The software caters to companies of all sizes, from small organizations to large enterprises, and is widely adopted by professionals in finance, accounting, and auditing, as well as multinational corporations and audit firms.

Key Features

Automated Consolidation: Konsolidator offers automated consolidation capabilities, empowering users to expedite the process and allocate more time to financial analysis. The software ensures audit-compliant consolidation with a comprehensive audit trail, instilling confidence in the accuracy of financial figures. Users can consolidate actual numbers, budgets, and forecasts for profit and loss, balance sheet, cash flow statements, and financial and operational KPIs. Konsolidator supports intercompany eliminations, elimination of investment in subsidiaries, minority share calculation and elimination, and currency translation with automatic exchange rate adjustments.

Efficient Financial Reporting: Konsolidator facilitates efficient financial reporting by providing swift reporting functionality and actionable insights. Users can leverage pre-built templates or customize their own templates to generate financial reports. The software tracks the origin of each financial figure, ensuring transparency and data integrity. Users can conduct ad-hoc analyses and reporting as needed, enabling prompt responses to business inquiries.

Cloud-based Consolidation: Konsolidator operates as a cloud-based Software as a Service (SaaS) solution, enabling users to access the software through their web browsers without the need for installation or maintenance. This cloud-based approach offers cost savings by eliminating the requirement for hardware purchases and on-site data centers. Users can securely access their financial data from any location, at any time, through their web browsers.

Flexible Group Structures and Accounts: Konsolidator provides flexibility to accommodate dynamic group structures and accounts. Users can adapt to changing ownership structures over time and create unlimited variations of group structures. The software facilitates drill-down capabilities, allowing users to navigate from the group level to local accounts in subsidiaries, thus providing a comprehensive audit trail. Additionally, Konsolidator Konnect®, an Excel Add-in, offers flexibility and simplified reporting.

Automated Calculation Engine: Konsolidator incorporates an automated calculation engine that handles complex calculations involved in the consolidation process. The software automates intercompany eliminations, elimination of investment in subsidiaries, minority share calculation and elimination, and currency translation with automatic exchange rate adjustments. Users can rely on the software to perform accurate calculations, minimizing the risks associated with manual errors.

Structured Data Management: Konsolidator features a structured SQL data source, ensuring consistency and accuracy across the entire group. Users can instantly access data for quick extraction and comparison of numbers. The software facilitates the creation of historical financial overviews, enabling users to track the financial development of the group over time and provide clear insights to stakeholders.