Why manual consolidation delays close and creates risk
Most multi-entity organizations consolidate financial statements manually in Excel. IC eliminations, currency translations, and sub-consolidations pile up. Close deadlines slip. Audit preparation takes weeks. As M&A adds entities, manual processes can't keep up.
Trusted by 3,000+ finance teams across the mid-market
What Financial Consolidation makes possible
Prophix One Financial Consolidation automates multi-entity consolidation, IC eliminations, and multi-currency translation. Consolidations that used to take weeks in Excel now run in seconds. Close with audit-ready consolidated financial statements.
Automate and Consolidate
Automate multi-currency translations, sub-consolidations, and IC eliminations across 10 to 100+ entities following IFRS 10 and ASC 810. Complex consolidations that used to take weeks in Excel now run in seconds. Support multi-GAAP and multi-currency reporting without expensive customizations.
Audit and Validate
Complete audit trail tracks every consolidation adjustment with user, timestamp, and reason. Library of 140+ out-of-the-box audit reports. Auditor-specific licenses give external auditors self-serve access. Generate statutory financial statements following IFRS and GAAP requirements. Audit reports that used to take days now generate in seconds.
Model and Adapt
Handle complex ownership structures including joint ventures, minority interests, and step acquisitions following IFRS 10 and ASC 810. Support multi-currency consolidation across entities with different functional currencies. Organizational structure changes from M&A are managed without rebuilding consolidation models. Adapt as you grow.
Results from Teams That Chose Prophix
Validated by BARC where consolidation teams feel the most pressure
In The Financial Consolidation & Group Accounting Survey 26, Prophix earned 6 Top-ranked results and 8 Leader results in the Midsize and Large Deployments peer group.
Prophix was Top-ranked for Project Success, Product Satisfaction, Currency Management, and Traceability & Auditability—areas that matter directly to finance teams managing multi-entity consolidation under audit and reporting pressure.
Source: BARC, The Financial Consolidation & Group Accounting Survey 26.
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