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Profitbase
Consolidation

Consolidation — Faster Closing

A consolidation accounting software that  helps companies deliver accurate group reporting – on time.

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Consolidation Profitbase
Overview
Faster Closing
Reporting
Aligned Process
Quick Tour
Shorter close cycles
Data Integration

Import data from multiple sources in a timely fashion  

  • Handle the process to gather financial information from multiple systems to establish a baseline quickly
  • Less time spent on manual efforts to gather and organize data
  • Avoid problems caused by performing tasks in different and incompatible systems
  • Get daily or more frequent updates on intercompany transactions
  • Easy to edit and update any changes in the group structure

Data Integration
Mitigate human errors

Handle acquisition calculations  

  • Elimination of investments  
  • Amortization/depreciation of surplus value
  • Calculation of latent tax  
  • Get a full overview of acquisitions, with preview of future transactions

Mitigate human errors
Handle differences with manual entries

Adjust figures when needed using voucher templates

  • Adjust figures for provisions, different accounting standards etc.
  • Manual entries in both group companies and elimination entity
  • Use IFRS or other accounting principles
  • Recurring manual adjustments and automatic elimination posting and reversing posting in the next period 

Handle differences with manual entries
Automation

Automatic reconciliation

  • Speed up the reconciliation of intercompany balances
  • Elimination of intercompany transactions where the subsidiaries meet their counterparts in both legal and management structure  
  • Match transactions and identify the root causes of differences and errors 
  • Users are notified when inconsistencies occur
  • Access to voucher and other necessary documents 

Automation
Customers Success
Less time - More Precision
Roar Malmin review
Profitbase has skilled people who know what they are doing. In the past, we used to spend two or three weeks on this type of work. Now we have all the information available, and can get this done in ten minutes.
Roar Malmin
corporate chief accountant at the Fatland Group
Ferda AS
SR Bank
Toma
AGR
Advania
Akva Group
Den Nationale Scene
Atlantic Offshore Management
Bergen Røde Kors Sykehjem
Birger N. Haug
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  • Martin Linges vei 25, 1364 Fornebu, Oslo
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Profitbase
  • Products
    • Budgeting & Forecasting
    • Risk management
    • Consolidation
    • Power BI Visuals
      • Financial Reporting Matrix
      • Power BI Gantt Chart
  • Customers
    • Our customers
    • Customer Success
  • Partners
  • Resources
    • Guides
    • Videos
  • About Us
  • Blog
  • Careers
  • EN EN
    • no Norsk
Profitbase
  • Book a Demo
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