Spreadsheets, an ERP setup, or FinConso: compared on capability.
Not a scorecard. For each capability, how it usually works today, and how FinConso handles it, with a link to where you can see it.
A 30-minute walkthrough with the team that builds FinConso.
| Capability | Spreadsheets | Typical ERP consolidation setup | FinConso |
|---|---|---|---|
| Consolidation workflow | Depends on how each workbook was built and who maintains it | Depends on the ERP and how it was configured | A defined workflow: structure, mapping, run, review, approveSee it → |
| Intercompany eliminations | Often manual coordination and formulas | Depends on configuration and data quality | Balances matched by counterparty, differences flagged, eliminations generated for reviewSee it → |
| Currency translation | Separate rate models and checks | Depends on the system | Rates at GL level, locked per period, with the translation reserve calculated by entitySee it → |
| Non-controlling interest | Often a separate calculation | Depends on system capability | Calculated from ownership by period, including mid-year changesSee it → |
| Multi-GAAP reporting | Separate adjustments and reconciliations | Depends on the ERP and modules licensed | An adjustment layer from each local framework to the group frameworkSee it → |
| Audit trail | Depends on file controls | Depends on system capability | Every change logged; every consolidated figure drillable to sourceSee it → |
| Implementation | Internal model building | Depends on the ERP and project scope | Scoping, mapping and a parallel run against your last closeSee it → |
The spreadsheet and ERP columns describe common situations, not specific products. Your setup may differ, and we are glad to compare against it in the demo.
Where FinConso is different
Accounting expertise, multi-GAAP, traceability and AI assistance, together.
Multi-GAAP reporting
Each entity in its own framework, the group in the parent's, with one adjustment layer between them.
Controlled consolidation
Adjustments, approvals and reviews inside one defined workflow, with maker-checker throughout.
Traceable calculations
Reviewers see how every consolidated balance was derived, down to the entity and account.
Connected finance processes
Extend to reporting, close, schedules and treasury on the same data model as your needs grow.
Book a demo
See the consolidation workflow, from trial balance to signed statement.
A 30-minute walkthrough with the people who build FinConso.
- Entities, eliminations, translation, NCI and the multi-GAAP layer, run live on a sample group.
- Every consolidated figure drilled back to the entity and account it came from.
- Questions on IFRS, US GAAP, Ind AS or SFRS(I) answered by the team that builds the product.
- Want to test it on your own numbers? See how the structured pilot works.
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