Financial Consolidation
Save Time.
Close Faster.
Instantly integrate data from any accounting system, currency or chart of accounts, creating a consolidated view of your financials across countries, business units and currencies.
Save Time.
Consolidate data from any – or all – of these accounting systems:
Close each month faster
ScaleXP financial consolidation works alongside your existing accounting systems, importing all financial data.
- Once imported, financials are consolidated instantly, ensuring that group results can be produced as soon as the subsidiaries have completed their month-end close.
- Exchange rates are imported automatically and applied following IFRS and GAAP standards.
Report with ease
With all your team’s data imported and consolidated, you can view your company’s financial performance across any subsidiary or at the consolidated level.
- Load budgets and forecasts into the system, either from your accounting software or by importing spreadsheets or CSV files.
- Integrate Xero Tracking Codes and QuickBooks Classes into your consolidation, making it easy to report by department or business unit.
Increase accountability
ScaleXP smart reporting templates make it easy to report by team, business unit or department.
- Financials are consolidated instantly, ensuring that group results can be produced.
- For international subsidiaries, exchange rates are imported automatically and applied.
- We follow IFRS and GAAP standards ensuring the highest degree of accuracy.
With ScaleXP you can
Use any accounting system
Import data from any of our accounting systems, with no need for the same general ledger, providing the greatest flexibility to automate financial consolidation whatever systems you use.
Impress your colleagues
Built-in presentation templates allow you to create sleek board or management account packs, seamlessly integrating graphs, metrics and reports, with data that is always up to date and easy to share.
Get fully setup in 1 hour
There is no need to spend days or weeks configuring ScaleXP. Connect your data now. Then book a short zoom with one of our product specialists to optimise the system to your requirements.
What our customers say
ScaleXP is great at calculating MRR by click of a button compared to manual excel system which was very time consuming... 
Arttu - Finance Director - 
Xero App Store Review
Xero App Store Review Thanks to ScaleXP we're now producing more insights, faster and with greater accuracy. The system is intuitive, user friendly and constantly improving. The team made us successful with the product from the outset. Tom - CEO - Xero App Store Review
Xero App Store Review ScaleXP has given us hugely improved visibility on what is happening in the business and saves hours every month on reporting. Jack - Commercial Analyst - Xero App Store Review
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ScaleXP is great at calculating MRR by click of a button compared to manual excel system which was very time consuming... Arttu Ollila - Xero App Store Review
Xero App Store Review Thanks to ScaleXP we're now producing more insights, faster and with greater accuracy. The system is intuitive, user friendly and constantly improving. The team made us successful with the product from the outset. Tom Prince - Xero App Store Review
Xero App Store Review ScaleXP has given us hugely improved visibility on what is happening in the business and saves hours every month on reporting. Jack Hooper - Xero App Store Review
Xero App Store Review Previous
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Who uses ScaleXP?
Access financial data anytime, on-demand. Integrated with key business KPIs, available via user-friendly online dashboards.
Streamline the month end process. Instantly consolidate P&L, Balance Sheet and Cashflow, using IFRS and GAAP compliant FX rates.
Simplify and streamline month-end process. Instantly consolidate P&L, Balance Sheet and Cashflow, using IFRS and GAAP compliant FX rates.
Financial consolidation FAQs
ScaleXP automatically imports foreign currency exchange rates and ensures that IFRS compliant rates are always used. Once consolidated, ‘drill down’ into the data with instant click-through, to understand anomalies and get answers quickly. The system can provide FX rates with any currency in the world.
| Europe Pound Sterling (GBP), Euro (EUR), Bulgarian Lev (BGN), Norweigan 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) | Oceania Australian Dollars (AUD), New Zealand Dollar (NZD), Fijian Dollar (FJD) | North America American Dollars (USD), Canadian Dollars (CAD), Cayman Islands Dollars (KYD), Mexican Peso (MXN) | Asia Singapore Dollar (SGD), Taiwan New Dollar (NTD/NWD), Indian Rupees (INR), Hong Kong Dollar (HKD), Japanese Yen (JPY), Brunei Dollar (BND), Turkish Lira (TRY) | South America Colombian Pesos (COP), Brazilian Real (BRL) | Africa Moroccan Dirham (MAD), South African Rand (SAR), Egyptian Pound (EGP), Nigerian Naira (NGN), Kenyan Shilling (KES) | Middle East 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) |
Absolutely. You can include a budget for the entire group, or roll up individual budgets from each entity. You can then perform actual vs budget analysis in our reports and dashboards.
A consistent chart of accounts isn’t necessary. ScaleXP allows you to combine data in the format that works best for you, creating a custom Profit & Loss or Balance Sheet for the consolidated company.
You can consolidate up to 20 entities in ScaleXP. If you need more than this, just get in touch, and we’ll see if we can help.
Please click on the link below for more detailed answers on consolidating your financials. Read more ->