Benefits of automating financial consolidation
Import data from your current accounting systems, and define consolidated financials, exactly as you want to see them.
Close faster
Streamline your accounting process and close the month faster.
Improve transparency
Improve transparency, traceability with instant drill down. Ensure a clear audit trail.
Instant setup
The best part is that the setup process takes just one hour, with no need for a consistent chart of accounts
Provide highly accurate consolidated financials easily
Share beautiful graphs which bring financial data to life.
Integrate your accounting systems
ScaleXP offers the broadest range of accounting integrations, allowing you to consolidate your financials in just a few clicks, across systems, currencies and countries.
Additional accounting integrations are available, click here to learn more ->
Integrate your accounting systems
ScaleXP offers the broadest range of accounting integrations, allowing you to consolidate your financials in just a few clicks, across systems, currencies and countries.
Additional accounting integrations are available, click here to learn more ->
Multi-currency consolidation
Multi-currency consolidation is a cinch with ScaleXP. Exchange rates are imported automatically and applied in accordance with IFRS standards. Each rate is stored to four significant digits (four places after the decimal point), ensuring the highest degree of accuracy for each calculation.
With the data imported and consolidated, you can view performance across all businesses, including the parent company or any subsidiary, with instant drill down. It is as simple as one click.
ScaleXP boosts the productivity of the finance team and makes it easier to close quickly. In fact, the system is so quick that you can even provide a mid-month revenue forecast in just a few clicks, should the boss ever ask!
Multi-currency system
Combine data from disparate accounting systems, in just a few clicks. Data can be imported from multiple countries and multiple systems. As a simple example, you can combine data from Xero in the UK, Quickbooks in the USA and Sage in Canada.
ScaleXP automatically imports foreign currency exchange rates and ensures that IFRS compliant rates are always used. Once consolidated, ‘drill down’ into the data to understand anomalies or get answers quickly.
The system can provide FX rates with any currency in the world:
- American Dollars USD
- Canadian Dollars CAD
- Cayman Islands Dollars KYD
- Mexican Peso MXN
- Colombian Pesos COP
- Brazilian Real BRL
- Pound Sterling GBP
- Euro EUR
- Bulgarian Lev BGN
- Norwegian Krone NOK
- Bulgarian Lev BGN
- Norwegian Krone NOK
- Swiss Franc CHF
- Swedish Krona SEK
- Croatian Kuna HRK
- Danish Krone DKK
- Polish Zloty PLN
- Czech Koruna CZK
- Romanian Leu RON
- Gibraltar Pound GIP
- Turkish Lira TRY
- Moroccan Dirham MAD
- South African Rand SAR
- Egyptian Pound EGP
- Saudi Riyal SAR
- Jordanian Dinar JOD
- Omani Rehal OMR
- Libyan Dinar LYD
- UAE Dirham AED
- Bahraini Dinar BHD
- Kuwaiti Dinar KWD
- Israel New Shekel ILS
- Singapore Dollar SGD
- Taiwan New Dollar NTD/NWD
- Indian Rupees INR
- Hong Kong Dollar HKD
- Japanese Yen JPY
- Brunei Dollar BND
- Turkish Lira TRY
- Australian Dollars AUD
- New Zealand Dollar NZD
- Fijian Dollar FJD
Multi-currency system
Combine data from disparate accounting systems, in just a few clicks. Data can be imported from multiple countries and multiple systems. As a simple example, you can combine data from Xero in the UK, Quickbooks in the USA and Sage in Canada.
ScaleXP automatically imports foreign currency exchange rates and ensures that IFRS compliant rates are always used. Once consolidated, ‘drill down’ into the data to understand anomalies or get answers quickly.
The system can provide FX rates with any currency in the world:
- American Dollars USD
- Canadian Dollars CAD
- Cayman Islands Dollars KYD
- Mexican Peso MXN
- Colombian Pesos COP
- Brazilian Real BRL
- Pound Sterling GBP
- Euro EUR
- Bulgarian Lev BGN
- Norwegian Krone NOK
- Bulgarian Lev BGN
- Norwegian Krone NOK
- Swiss Franc CHF
- Swedish Krona SEK
- Croatian Kuna HRK
- Danish Krone DKK
- Polish Zloty PLN
- Czech Koruna CZK
- Romanian Leu RON
- Gibraltar Pound GIP
- Turkish Lira TRY
- Moroccan Dirham MAD
- South African Rand SAR
- Egyptian Pound EGP
- Saudi Riyal SAR
- Jordanian Dinar JOD
- Omani Rehal OMR
- Libyan Dinar LYD
- UAE Dirham AED
- Bahraini Dinar BHD
- Kuwaiti Dinar KWD
- Israel New Shekel ILS
- Singapore Dollar SGD
- Taiwan New Dollar NTD/NWD
- Indian Rupees INR
- Hong Kong Dollar HKD
- Japanese Yen JPY
- Brunei Dollar BND
- Turkish Lira TRY
- Australian Dollars AUD
- New Zealand Dollar NZD
- Fijian Dollar FJD
Consolidated company KPIs & metrics
With ScaleXP, you can easily track financial and non-financial insights. All KPIs are available for the parent company or any subsidiary, instantly consolidated with drill down functionality.
Budgets and forecasts can be loaded into the system, either from your accounting system or from a spreadsheet or CSV.
Every metric is interactive, allowing you to click for further detail. This is designed to make it easy to understand the full calculation, even for the most complicated metrics.
Built-in presentations for consolidation
ScaleXP’s built-in presentation templates allow you to create sleek board or management account packs in less than 30 minutes!
Our board presentations templates seamlessly integrate graphs, metrics and reports. Each time new data is imported to the system, the graphs and tables automatically update.
All you need to do is add commentary, and present!
And, as if that’s not enough, reports and presentations can be shared online, allowing your teams to use the interactive features.
Download Free ScaleXP Templates:
Share consolidated reports across teams
Sharing your consolidated financials and metrics across the company is easy with ScaleXP. In two clicks, you can provide an interactive presentation, showing both graphs and reports. All online versions are fully interactive, making it easy for the business to see their numbers visually.
PDF or Excel downloads are also available.
These features are designed to ensure that all of the financial data can be used throughout the business.
Financial consolidation FAQs
Financial consolidation FAQs
Financial consolidation is the process of preparing a single set of accounts across multiple legal entities. For example, if a company has a trading subsidiary in the UK and one in the USA, the combined financials represent a consolidated view. These consolidated accounts are also called group accounts.
Please click on the link below for more detailed answers on consolidating your financials.