Financial consolidation software and implementation

Group finance teams still spend weeks collecting subsidiary data in Excel, reconciling intercompany balances and rebuilding reports. We implement consolidation systems that automate the close from data collection to statutory and management reports.

What we automate

A consolidation system replaces manual workbooks with controlled workflows, audit trails and validations.

  • Multi-entity, multi-currency consolidation and translation
  • Intercompany matching and eliminations
  • Ownership, minority interest and equity pickup
  • IFRS, Taiwan and Hong Kong statutory reporting
  • Management reporting and KPI dashboards

Experience with listed groups

Together with Elufa Systems, our team has delivered consolidation for HKEX blue-chip and red-chip groups. In one Hong Kong listed group the close moved from eight weeks to four, a 50% faster group close.

Platforms we use for consolidation

YonYou Financial Consolidation, CCH Tagetik, Oracle Financial Consolidation and Close (and Hyperion HFM migrations), Jedox, EVOX and NetSuite NSCMC. We recommend the platform that fits your ERP and group structure.

Implementation approach

We begin with a focused discovery of your finance process, reporting calendar, source systems and controls. The delivery then moves through design, configuration, data integration, user testing, training and a controlled go-live.

  • Process and requirements workshop
  • Solution blueprint and data mapping
  • Build, testing and finance-user validation
  • Go-live support and continuous improvement

How to decide if this is the right fit

The right choice depends on process complexity, deployment policy, current ERP, user experience, internal skills and total cost. 3PEAKS evaluates these factors against your real requirements before recommending a platform.

What a successful project delivers

Success is measured in a faster and more controlled finance cycle, not simply installed software. We define measurable outcomes before implementation and validate them with process owners during testing.

  • Less spreadsheet collection and reconciliation
  • Clear ownership, workflow and audit trail
  • Faster reporting and scenario turnaround
  • A scalable model finance can maintain

Frequently Asked Questions

How long does a consolidation project take?

Typical projects take three to six months depending on the number of entities, currencies and reports. We phase delivery so the first close runs in the new system as early as possible.

Can consolidation run on-premise?

Yes. YonYou, CCH Tagetik, Oracle Hyperion and EVOX support on-premise or private deployment for companies with data-residency requirements.

Talk to an EPM Consultant Book a free 30-minute call with our consultants in Kaohsiung and Hong Kong to review your consolidation, budgeting or planning process. Contact 3PEAKS