10+ Best Financial Consolidation Software 2023

Centage Financial Consolidation is a tool that makes it easier for companies to gather financial information from subsidiary companies. The software takes data from all these different sources and combines it in a way that makes it easy to understand the overall financial performance of the parent company. This software can be helpful for finance teams, as it can help them work faster and more accurately when they close the books at the end of a financial period. Features of the software typically include being able to import and organize data, change money from one currency to another, and produce reports that show how all the different parts of the company are doing financially.

Vena Solutions offers powerful consolidation software that simplifies complex financial consolidation procedures, such as partial ownership, intercompany eliminations, multiple currencies, and alternate reporting roll-ups. It allows you to close your books on time and create reliable financial statements. The software is equipped with features that aid in working more efficiently, increasing transparency, fostering collaboration, and generating more accurate financial reports.

In a world where market circumstances are constantly shifting, business leaders must dynamically link strategy and plan to actions and results. Anaplan customers gain digital-led agility to rapidly pivot strategies, redeploy resources, and optimize plans for growth, efficiency, demand, and profitability by embracing constant change and volatility. Anaplan empowers teams to overcome challenges and seize opportunities ahead of competitors.

Workiva is a public software company based in Ames, Iowa, United States. The company was founded in 2008 and went public in 2014. Workiva specializes in providing cloud-based software solutions for enterprise-level finance and accounting teams. The company's flagship product, Wdesk, is a platform that allows users to create, collaborate on, and manage financial statements, regulatory reports, and other financial documents. Wdesk includes various tools and features such as data import/export, data validation, and document automation, which help users to streamline their financial processes, increase efficiency and accuracy, and comply with accounting standards and regulatory requirements.

BlackLine Financial Consolidation is a software solution that automates the financial consolidation process for companies. It allows users to combine and reconcile financial data from various sources, such as subsidiary companies or different accounting systems, into a single set of consolidated financial statements. The solution also includes reporting, budgeting, and forecasting features, as well as compliance and audit support. It is designed to help companies streamline their financial consolidation process, reduce errors, and improve the accuracy and timeliness of their financial reporting.

Prophix is a software solution for financial consolidation, budgeting, and forecasting. It is designed to automate and streamline financial consolidation processes and provide accurate, real-time financial information to help organizations make better decisions. Prophix can integrate with various data sources, including ERP systems, and offers a variety of features such as currency conversion, intercompany eliminations, and financial reporting. It is used by many organizations worldwide.

Sage Intacct's financial consolidation feature allows businesses to combine financial information from multiple entities or subsidiaries into a single, unified financial statement. This allows for a more comprehensive view of a company's overall financial performance and can help with budgeting, forecasting, and decision-making. The feature can handle complex consolidation structures and eliminates the need for manual consolidation and data entry.

Planful is a software company that provides a cloud-based financial planning and consolidation platform for businesses and organizations. The platform enables users to automate and streamline their financial planning and consolidation processes, allowing them to create accurate and reliable economic forecasts, budgets, and reports. Planful offers tools, such as financial planning and modeling, financial consolidation, and reporting and analytics, to help businesses improve their forecasting, budgeting, and reporting capabilities. Additionally, the platform supports multiple languages and currencies and allows for collaboration and data-sharing across different departments and locations.

CCH Tagetik Financial Consolidation is a part of the CCH Tagetik Corporate Performance Management (CPM) software suite. It is designed to help companies comply with accounting standards such as IFRS, US GAAP, and many other local GAAPs. It also provides a centralized platform for managing financial data, allowing companies to easily consolidate financial information from various sources, including ERP systems and spreadsheets.

Insightsoftware's Financial Consolidation tool assists businesses in consolidating their financial information. It enables users to merge data from subsidiary companies, perform currency conversions, and fulfill other financial reporting needs in one consolidated statement. The program offers advanced financial management, budgeting, forecasting, and reporting capabilities. It is intended for use by finance experts and can be integrated with other economic systems, such as ERP and accounting software.