Financial Consolidation Software
CFOUR
Speed up your group’s financial consolidation to hours. Compatible with any accounting system, ERP, or Excel, and connects to BI tools for data visualisation.
- Agnostic to data sources
- Faster consolidation
- Better process visibility & control
- Analytical reporting
CFOUR: Cut Financial Consolidation Time to Hours
CFOUR cuts group financial consolidation time from days to hours. It connects to
any data source and uses your familiar Excel layout.
Fast
Speeds up financial consolidation, allowing more time for analysis.
Agnostic to data sources
Integrates with any accounting system, ensuring accurate financial consolidation.
Accurate
High accuracy in financial data, enhancing reliability and precision in reporting.
How it works
Collate
CFOUR financial consolidation software collates data from multiple sources into a single, unified stream. This saves you time and eliminates manual data entry errors.
Compile
Our system compiles subsidiary accounts and creates reliable management accounts.
Calibrate
CFOUR simplifies inter-company eliminations and journal entries. It ensures accurate transactions and compliance.
Consolidate
Consolidate subsidiary accounts and gain clear visibility into your holding company’s finances. CFOUR generates comprehensive consolidated statements in hours, not days.
CFOUR: Faster Financial Consolidation for Group Companies
Integrations
CFOUR combines financial data from various sources, ensuring accurate consolidation. It streamlines the process, leveraging existing data structures.
Reporting
Our financial consolidation software automates multi-currency translation and inter-company elimination. It has a seamless account mapping setup, which retains mappings for future consolidations.
Better process visibility and control
CFOUR is designed to centralise the process through the collaborative dashboard. The role-based security ensures control over the data being accessed, whilst the audit log guarantees transparency.
Analytical reporting
CFOUR integrates with any BI tools, empowering users to create customised reports and advanced data visualisations. It uncovers deep insights into the company’s financial performance, revealing opportunities for improvement beyond mere data consolidation .
Interested to see how your group can benefit from CFOUR?
Speak with us to see how we can help your group automate the financial
consolidation process and help you increase efficiency, visibility, and control within your group.
Frequently asked questions
Q : What are consolidated financial statements?
A : Consolidated financial statements combine a parent company and its subsidiaries’ finances as one entity. They aggregate group data, remove inter-company transactions, and show overall assets, liabilities, revenues, and expenses. These statements provide a clear view of the group’s financial health for stakeholders and regulators.
Q : How to consolidate financial statements?
A : Consolidating financial statements involves a series of steps that financial consolidation software like CFOUR automates to save time and improve accuracy. The process typically begins with collating financial data from all subsidiaries, and then compiling these subsidiary accounts into a standardized format. Next, the software eliminates inter-company transactions to avoid double-counting of revenues or assets. Finally, it consolidates all accounts to produce group financial statements.
Q : What software is used to consolidate data?
A : While some companies use accounting system tools, specialized solutions like CFOUR are essential for groups with multiple data sources. CFOUR financial consolidation software integrates with any system or spreadsheet, reducing consolidation time from days to hours. It improves accuracy with features such as automated currency translation and inter-company eliminations, streamlining the entire process for complex group structures.
Q : How does consolidation software work?
A : Financial consolidation software like CFOUR automates the entire process from data collection to reporting. It collates data from multiple sources, compiles subsidiary accounts, and simplifies inter-company eliminations. With features like collaborative dashboards and role-based security, it provides better process control. CFOUR generates group financial statements in hours, allowing finance teams to focus more on analysis and planning.
