Financial Consolidation Reporting | Unified & Accurate
Consolidation Reporting

Empowering Decision-Making: The Power of Accurate Financial Consolidation

Seamlessly unify financial data from multiple ERPs to deliver a consolidated, accurate view of group financial performance by automatically eliminating intercompany transactions and balances.

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Consolidation Reporting

Trusted by 1500+ Organizations Worldwide

Intelligent Financial Consolidation: Unifying Entities, Enhancing Compliance, and Driving Growth

1

Segment Reporting

Provides a more detailed view of the performance of specific areas of the group.

2

Financial Disclosures & Compliance

Any intercompany loans or balances between the parent and subsidiaries are disclosed in the notes to the consolidated financial statements, even though they are eliminated in the actual financial reports.

3

Tax Implications

Considers the tax implications across the entire group, including potential deferred taxes arising from temporary differences between financial reporting and tax bases.

4

Organization structure

Consolidated reports reflect the ownership structure of the parent company and its subsidiaries along with controlling interest overall financial results.

5

Data Consolidation

Integrating data from various systems provides a comprehensive view of financial transactions, facilitating accurate analysis and book closing.

6

Multi-Entity Consolidation

Centralizing transactional data allows for parallel financial closes across multiple entities, enhancing efficiency and reducing bottlenecks.

HOW IT WORKS

Why Choose Taxilla ?

Consolidated reporting combines data from different entities, offering a comprehensive snapshot of the entire organization.

Automating the consolidation process reduces time spent on manual data gathering and reconciliation.

It streamlines compliance by providing a clear, auditable trail for regulatory reporting, simplifying the audit process and ensuring adherence to standards like IFRS or GAAP.

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Frequently Asked Questions

1

What is consolidation reporting?

It is the process of combining financial data from different entities into a single, unified report. These reports present the financial performance and position of a group of companies as though they are one entity, typically the parent company and its subsidiaries.

2

What is unique about Taxilla's Consolidation Reporting?

Taxilla's consolidation reporting offers several unique features that make it stand out in the regulatory technology space including end-to-end automation, real-time data processing, customizable reporting and reconciliations, sophisticated tech-infrastructure for enhanced security and compliances.

3

What is the significance of consolidation reporting?

Consolidation reporting is crucial for businesses with multiple entities for holistic financial view, informed decision making, to eliminate double counting of revenue and expenses and more importantly to bring consolidated view to the stakeholders and regulatory reporting.