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Financial Consolidation & Close

From close pressure to close confidence.

Replace your manual, spreadsheet-driven close with automated financial consolidation — multi-entity, multi-currency, intercompany eliminations, and audit-ready reporting. So your quarterly close goes from a crisis to a controlled process.

Talk to a consolidation expert See how we work
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3
Gartner top-tier platforms
Days
Not weeks — typical close after go-live
We
Bring senior consultants with background in group accounting
You
Can trust your numbers and own the system when we’re done
Quick start

You already know your close process is fragile. The question is what breaks first.

Most finance teams we meet have been consolidating in Excel for years. It works — until it doesn't. When you're small and simple, manual consolidation is manageable. But as you add entities, currencies, and ownership structures, the cracks start showing.

Month-end stretches longer every quarter. Year-end becomes a crisis. Auditors flag issues you didn't know existed. The board asks questions you can't answer confidently because nobody fully trusts the numbers.

The real cost isn't the overtime. It's the decisions that don't get made because the data isn't reliable, fast, or granular enough to act on.

It's also how we often get our foot in the door — once your team sees what a modern EPM platform can do for reconciliation, the conversation about consolidation and planning happens naturally.

Close in days

A controlled, repeatable process every quarter

One source of truth

No version conflicts, no broken formulas

Automatic eliminations

Intercompany mismatches caught before they become problems

System-handled currencies

Historical, closing, and average rates — applied automatically

Audit-ready by default

Full traceability on every transaction and adjustment

Numbers the board trusts

Confidence when it matters — from owners to management and auditors

What we deliver

Everything your group accounting team needs to close with confidence

From data collection to consolidated statements. We design, build, and hand over a system that handles the complexity your Excel sheets can't.

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Legal & management consolidation

Aggregate financial data from every entity into one set of consolidated statements — for both regulatory reporting and internal management analysis.

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Intercompany eliminations

Automatic identification and elimination of intra-group transactions — the mismatches, the disputed invoices, the reconciliation gaps that make every close painful.

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Multi-currency translation

Automated currency conversion across all entities and periods. Historical rates, closing rates, average rates — handled by the system, not by hand.

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Ownership & equity calculations

Partial ownership, joint ventures, minority interests, goodwill, changes in ownership — the complexity that ERPs simply aren't designed to handle.

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Audit-ready reporting

Every transaction traceable, every elimination documented, every adjustment explained. Your auditors see exactly how you arrived at the numbers.

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Journal automation

Systematic journal entries with full audit trails. Fewer manual adjustments, fewer errors, and complete traceability for every number.

The most common question

"Can't we just consolidate in our ERP? "

We hear this in almost every first meeting. And if your structure is simple — one currency, full ownership, one system — maybe you can. But we regularly meet finance teams who've spent months trying to make Dynamics 365, Unit 4 or SAP do consolidation, and eventually realised it wasn't built for that job.

That's not a failure. It's actually the most common starting point for our client relationships.


Aggregation sums up numbers. Consolidation handles currency conversion, eliminates intra-group transactions, calculates minority interests, manages different ownership structures, and produces statements that comply with IFRS or local GAAP. Your ERP does aggregation. Consolidation requires a different engine.

If you have a single entity in one currency, probably not — and we'll tell you that. But most groups that come to us have a mix: full ownership here, 70% there, a joint venture somewhere else, operations in multiple countries. That's exactly what consolidation platforms are designed for.

AI can help with data quality, anomaly detection, and analysis — but financial consolidation is a regulatory process with specific accounting rules. You can't prompt your way to IFRS-compliant intercompany eliminations. AI can and will augment the platforms, but doesn't replace it.

We work with OneStream, Oracle EPM, and Tagetik — all Gartner top-tier. Your group structure, systems landscape, and budget determine which fits. We'll recommend the right one. If none fit, we'll tell you that too.

No. The chart of accounts, entity structures, and data mapping you've done are still useful — they become inputs into the consolidation platform. What changes is where the consolidation logic runs. We've onboarded several clients who started in Dynamics 365 or SAP and brought their groundwork with them. Think of it as a foundation that just needed a different building on top.

What changes for you

Outcomes, not implementations

We don't measure success by the number of modules we configure. We measure it by what changes for your finance team — the hours saved, the errors eliminated, the trust restored in the numbers your organisation depends on.

Close in days, not weeks

Automated data collection from your ERPs, systematic consolidation steps, and parallel processing. Your quarterly close becomes a controlled, repeatable process.

Trust in the numbers

The system flags inconsistencies your Excel models never caught. When the board asks questions, you answer with confidence — because you can trace every number back to its source.

Audit-ready from day one

Full audit trails on every transaction, elimination, and adjustment. Your auditors see exactly what happened and why — reducing both time and findings.

Fewer manual journals

Automated journal entries for intercompany eliminations, currency translation, and ownership adjustments. Less manual work means fewer errors and more time for analysis.

Your team runs the system

We build it with you, not for you. When we leave, your group accounting team operates the platform independently. No permanent dependency on consultants.

Decisions, not just reports

With reliable, consolidated data in a fast and flexible solution, management can finally act: should we acquire? Divest? Restructure? The numbers support the conversation, not stall it.

Get in touch

Ready to transform your finance operations?

Book a no-obligation meeting with one of our EPM consultants. We'll map your challenges and show you what's possible.

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What changes for you

Outcomes, not implementations

We don’t sell software licences. We help your finance team work better — with systems they actually own and numbers they actually trust. Every engagement is measured by what changes for your business, not by how many modules we configure.

For the Group Accounting Manager

Your close becomes predictable

No more late nights chasing subsidiaries for numbers. Automated data collection from your ERPs, guided consolidation steps, and a dashboard that shows exactly where you are in the close — every day. You stop firefighting and start managing.

For the CFO

Numbers you can defend to the board

When PE owners, investors, or board members ask questions, you answer with confidence. Every number is traceable, every adjustment documented, and the close is fast enough to give you time for analysis — not just assembly.

For the Finance Systems Owner

A platform that fits your landscape

Clean integration with your ERPs — SAP, Dynamics, Oracle, or others. No manual data transfers, no CSV imports. The consolidation platform connects to your source systems and works within your existing architecture.

For your company

Not only for the finance team

Modern EPM is shifting from manual, siloed spreadsheet processes to integrated, automated, and collaborative systems that connect finance with HR, sales and operations.

FAQ

Questions we hear in every first meeting

These come directly from conversations with CFOs and Group Accounting Managers. If yours isn't here, ask us.

Do you have any more questions? Contact us

Consolidation handles currency conversion, eliminates intra-group transactions, calculates minority interests, manages different ownership structures, and produces statements that comply with IFRS or local GAAP. 

Yes — this is precisely why a dedicated consolidation platform exists. It handles full ownership, partial ownership (30%, 70%, any percentage), joint ventures (50/50), minority interests, and goodwill calculations. It also manages multi-currency translation across all entities and periods automatically, including historical, closing, and average rates.

If you own 100% of everything in one currency with one ERP, you might be able to aggregate — but that's not consolidation. Once you have partial ownership, joint ventures, multiple currencies, and intercompany eliminations, ERP systems simply aren't designed for it. We've met several CFOs who tried Dynamics 365 for consolidation, spent months on it, and came back to a dedicated platform. It's the most common starting point for our client relationships.

When entities within a group trade with each other, those internal transactions need to be eliminated from the consolidated statements so you only show external business. The platform automatically identifies and eliminates these intra-group transactions — matching invoices, resolving disputes, and flagging mismatches that need attention. This is one of the most time-consuming manual processes in Excel-based consolidation.

The acquisition registry tracks what you own, what stake you have in each company, and how that ownership has changed over time. It's important for calculating goodwill, minority interests, and changes in ownership — and it's a requirement for Nordic reporting in particular. The consolidation platform maintains this registry automatically.

It depends on your complexity — number of entities, currencies, ownership structures, and source systems. Typical consolidation implementations range from 4 to 12 months. We'll give you an honest timeline upfront and we don't quote three months if it takes six. Some larger projects take longer; simpler structures can be faster.

We typically migrate 1–2 years of historical data. One client insisted on 10+ years — and the migration uncovered accumulated errors that nobody knew existed. We'll advise you on what makes sense, but the decision is yours. What we will tell you is that migrating history is also a reconciliation exercise — it often reveals issues you'll want to fix.

We typically work with 1–3 people from your finance team. They need to be available for gathering requirements, design workshops, testing, and validation — but we are conscious of their day jobs. We build the system together with you so that your team learns as we go and can run it independently when we're done.

Get started

Ready to talk?

30–45 minutes, digital or on-site — no commitment. Tell us what’s keeping your finance team up at night and we’ll tell you honestly whether we can help.

Book a meeting Or call us directly

We are based in Oslo, but projects can be delivered remote or onsite at your place.