Consolidating financial results across multiple entities often requires finance teams to first gather data from each subsidiary, reconcile different charts of accounts, eliminate intercompany transactions, and perform currency translation before group reports can be produced.
When this process spans multiple systems and spreadsheets, consolidation quickly becomes time-consuming, resource-intensive and prone to error.
Solver is a cloud-based xFP&A platform built to automate reporting and consolidations, bringing financial reporting, budgeting, forecasting, and analysis together in one data warehouse, so finance teams can streamline their month-end close and deliver reporting faster and with confidence.
Common consolidation challenges for finance teams
Multiple reporting entities using different charts of accounts.
Currency translation requirements for global operations.
Intercompany eliminations and adjusting entries.
Partial ownership handling.
Manual spreadsheet-based consolidation.
How Solver automates financial consolidation and multi-company reporting
Solver helps finance teams move away from manual, spreadsheet‑driven consolidation processes by centralising financial data and automating key processes. Instead of collecting and reconciling data across multiple systems, Solver brings data together in an Azure-based data warehouse, enabling teams to manage intercompany transactions, currency translation, and consolidation adjustments from a single, governed environment.
Support for multi-company structures and multi-currency
Solver is designed to address multi-entity consolidation requirements, including multiple reporting entities, a common chart of accounts, and currency translation for international operations. These capabilities help standardise consolidation across subsidiaries regardless of structure or location.
Automated intercompany eliminations and consolidation adjustments
Solver automates recurring intercompany eliminations and supports adjusting journal entries required for accurate consolidated reporting.
Centralised entity data for accurate group reporting
Solver centralises financial data from across multiple business entities, including entities using different ERPs or accounting systems, enabling reconciliation and consolidation within a single governed model. This helps eliminate discrepancies that might occur when manually extracting data from multiple systems into spreadsheets.
Excel-designed consolidated statements, delivered through the web portal
Finance teams can design consolidated financial statements using Solver's Excel-based report designer and distribute them automatically through the Solver web portal. This provides consistent, governed access to group-level reporting without reliance on individual spreadsheets.
Top benefits of Solver consolidation and multi-entity reporting
By automating consolidation and centralising multi-entity data, Solver gives finance teams the structure, accuracy, and speed they need to deliver group-level reporting with confidence. The result is a more controlled month-end close and clearer insight into performance across entities and business units.
Close the books faster, with fewer manual steps
Improve accuracy and reduce data consolidation risk
Standardise reporting across all entities
Enhance visibility for leaders and stakeholders
Strengthen governance and month-end control
Give finance teams more time for analysis - not administration
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