ScaleXP provides seamless consolidation of multiple Xero entities and multiple currencies. The ability to quickly and easily consolidate companies, consolidate entities, consolidate currencies, etc. is a standard feature across all ScaleXP plans.
ScaleXP’s Xero consolidation tool imports data from different entities, and translates it using the appropriate exchange rates, enabling you to close faster as well as instantly view your choice of consolidation reporting.
Aggregate your financial statements in a click.
ScaleXP makes it very easy to aggregate financial statements which sit in different legal entities and different countries. The system is super quick to upload all your financial data from multiple sources and entities and aggregate this information into consolidated statements including all the necessary currency translations and inter-company adjustments and eliminations. You can then easily view reports and KPIs for individual entities or the consolidated company for your choice of time period and format and easily switch between them.
ScaleXP automates the tedious task of translating international accounts into a single currency as well as consolidating accounts across multiple countries and/or legal entities.
Instant drill-down to support your audit
You can easily audit the consolidated accounts and easily report on the consolidation including splits by entity and reporting of inter-company adjustments. The system automatically applies the appropriate currency translation rules and applies the relevant foreign exchange rates to each account. Moreover, you are not locked into a single currency translation; you can also view any entity in any currency at the touch of a button.
One click drill down provides details on the consolidation, making it easy to track costs across entities.
Always up to date
You can chose to auto-sync data, daily, or click to sync now. Updating the data across multiple entities takes less than a minute.
Track key metrics across legal entities
In addition to financial consolidation, the system is able to provide a host of business critical metrics using the rich data set in Xero. This includes number of customers, revenue upgrades, downgrades, recurring revenue, revenue per customer and so much more. Information is presented in reports or graphs and are easy to share with the business.
Easy set up process
ScaleXP is quick and easy to upload; once you have subscribed to the service, you have the ability to consolidate accounts across all your companies to create a single consolidated view of multiple companies and countries.
All ScaleXP customers are onboarded over a 1 hour zoom, which is specifically designed to ensure you get value from the system immediately. At the end of the hour, your financials will be consolidated, both the financials and key metrics.
Company consolidation, even multi-currency consolidation, is so much easier and faster using ScaleXP. ScaleXP does all the tedious work for you, freeing up your time for more value added tasks and analysis of the information. Find out more about consolidation for Xero by booking a demo.