Consolidation software for precise reporting

One solution, all data

Precise, simple and efficient consolidation software:

Consolidation is an essential process for companies, especially for groups with several subsidiaries or shareholdings. The main purpose of consolidation is to show the financial results and the position of the entire company in a uniform presentation. This involves combining the financial data of all subsidiaries into a single, consolidated set of financial statements.

Manual consolidation often involves time-consuming processes, error-prone intercompany reconciliations, complex currency conversions and, to top it all off, the pressure to deliver compliant financial statements quickly and accurately.

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More overview, less effort:

Consolidation made easy with CoPlanner

We at CoPlanner understand consolidation. Our consolidation software offers you:

Transparency and clarity:

You and your stakeholders receive a clear and comprehensive view of the financial situation of the entire company.

Compliance with legal regulations:

Through consolidation, you ensure that you meet the legal requirements and thus minimize compliance risks.

Improved decision making:

Get a more comprehensive database for strategic decisions. Group-wide, all trends and developments can be recognized more easily and acted upon accordingly.

Efficient resource planning:

With a consolidated overview of your finances, you can plan and deploy your resources better.

Economy and efficiency:

Through the consolidation process, you can identify and utilize economic synergies. This leads to cost savings and even more efficient business management.

Time saving

Our consolidation software automates many manual processes, such as data aggregation or currency conversion, and eliminates intercompany transactions.

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Future-proofed consolidation

Advantages of the consolidation software CoPlanner

Increase efficiency

CoPlanner consolidation software allows you to optimize your financial processes and significantly increase efficiency in your company. The software automates numerous steps in the consolidation process. This reduces manual entries and other error-prone work.

Seamless integration: The software integrates perfectly into your existing systems.
Automated workflows: These significantly reduce the need for manual intervention.
Increased efficiency: More time for value-adding activities.

Accurate and reliable

The accuracy and reliability of financial reporting is critical to making informed business decisions. CoPlanner is a powerful tool that processes data consistently and accurately.

Minimize errors: by automating calculations and reconciliations.
Comprehensive validation mechanisms: Ensuring data integrity.
Audit trails and documentation: Meets legal requirements and increases transparency.

Saving time

Time is a valuable resource, especially in finance. CoPlanner consolidation software helps you save time by speeding up the entire consolidation process.

Automated workflows: Complete tasks faster and more efficiently.
Intuitive user interface: Work quickly and efficiently.
Centralized data access: Facilitates collaboration and reduces coordination effort.

Learn more about the benefits of CoPlanner and request a free demo tailored to you and your company!

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More overview, less effort:

Consolidation made easy with CoPlanner

We at CoPlanner understand consolidation. Our consolidation software offers you:

Debt consolidation:

Automatic reconciliation and elimination of intercompany receivables and liabilities to clean up the balance sheet

Consolidation of income and expenses:

Consolidates income and expenses between affiliated companies to avoid double counting in the income statement.

Capital consolidation:

Investments in subsidiaries are consolidated and equity items are presented correctly.

Interim profit elimination:

Elimination of internal profits from intragroup transactions to ensure the correctness of consolidation

Currency conversion:

Automatically converts foreign currencies into the Group currency based on current exchange rates.

Segment reporting:

Enables consolidated reporting by business unit or region and supports the segmentation of financial data.

Adjustment postings:

Allows manual or automated adjustment postings to meet specific consolidation requirements.

Goodwill calculation and offsetting:

Support in the calculation and offsetting of goodwill in the consolidation of company acquisitions and investments.

Experience CoPlanner in action and see the benefits of its comprehensive functions for yourself!

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See for yourself: Join a free webinar to explore CoPlanner. We offer webinars on a range of topics that you can watch right now. Alternatively, discuss your challenges with us, and we’ll provide a personalized demo. Together, we’ll create a solution to help you make the most of CoPlanner’s powerful controlling software.

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FAQ: Frequently asked questions about consolidation and our software

The consolidation software CoPlanner improves consolidation through a range of functions:

Automation: Reduces manual intervention and minimizes errors.
Integration: Seamless integration into existing IT systems for central data storage.
Flexibility: Adaptation to company-specific requirements and processes.
Reporting: Automatic generation of consolidated financial reports according to individual and legal requirements.
Compliance: Compliance with legal regulations and audit compliance through seamless logging and documentation.

No, the implementation of CoPlanner consolidation software is actually very simple. Our software has been designed to integrate seamlessly with your existing IT systems.

Our experienced support team will guide you through the entire process and provide comprehensive training so that your employees can work quickly and efficiently with the software. This minimizes downtime and makes the transition easier for you.

Consolidation is crucial in order to obtain a clear and comprehensive view of the financial situation of the entire company. It enables informed decisions, improves resource allocation and ensures compliance with legal requirements. Through consolidation, companies can:

Transparency and Clarity: Consolidated financial statements provide a consistent presentation of the financial results of the entire company.
Improved decision-making: A comprehensive database supports strategic decisions.
Compliance with legal regulations: Many countries require consolidated financial statements for corporate groups to minimize compliance risks.

Consolidation is the process of combining the financial data of several subsidiaries or business units of a group into a single set of consolidated financial statements. This process ensures that the financial situation of the entire company is presented clearly and transparently.

Consolidation Definition: Combining the financial data of all subsidiaries into a single set of financial statements.
Consolidation Objective: Clarity and transparency regarding the financial position of the entire group.

Consolidation fulfills several important purposes:

Transparency and Clarity: It provides a unified view of financial results across the organization.
Improved decision making: A comprehensive database supports strategic decisions.
Compliance: Consolidation ensures that companies meet regulatory requirements and minimize compliance risks.

Companies carry out consolidation in several steps:

Data integration: Collection and consolidation of all relevant financial data of the subsidiaries.
Eliminate intra-group transactions: Elimination of intra-group transactions and transactions that could influence the consolidated financial statements.
Harmonize: Alignment of data formats and accounting standards.
Prepare the consolidated financial statements: Compilation of all data into a consolidated financial report.

Companies with several subsidiaries, shareholdings or complex corporate structures benefit most from the CoPlanner group consolidation software. This applies to large corporations and medium-sized companies that need to consolidate their financial data for a clear overview of their overall financial situation and compliance with legal requirements.

CoPlanner supports compliance with legal regulations through:

Automated Compliance-Audits: The software automatically checks compliance with relevant laws and regulations.
Audit-Trails: The detailed documentation of all consolidation steps facilitates internal and external audits.
Updates: Regular software updates ensure that the software always complies with the latest legal requirements.
Reporting: Creation of legally compliant financial reports including detailed disclosures and attachments.

.With these features, CoPlanner helps your organization meet all regulatory requirements while ensuring the accuracy and reliability of your financial reporting.

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