IDL Konsis

IDL Konsis is financial-close and consolidation software for group enterprises. It is best suited to finance teams managing complex, multi-entity reporting across currencies and accounting standards. Its breadth is compelling for that work, but buyers must request custom pricing.

Overview

IDL Konsis handles consolidation from initial consolidation through deconsolidation, with intercompany reconciliation, eliminations, deferred tax calculations, goodwill amortization, at-equity consideration and late adjustments. That coverage gives group finance teams a single product aimed at both routine close work and more involved consolidation scenarios.

It is designed to scale from groups with fewer than 10 legal entities to those with thousands. Teams can run management and statutory consolidations in parallel, use different consolidation currencies and create multidimensional roll-ups. These capabilities suit groups whose reporting structure is more demanding than a single straight-line consolidation; smaller organizations with simpler needs may not benefit enough to justify a paid, quote-based product.

Key features

Consolidation and reporting

IDL Konsis supports IFRS, HGB, UGB, US GAAP and Swiss GAAP FER reporting. Its combination of multi-currency consolidation, intercompany eliminations, reconciliation and audit trail addresses several recurring demands of group close, while Country-by-Country Reporting support includes requirements of Germany’s Federal Central Tax Office.

Integrations and assurance

Named ERP integrations include SAP ECC, SAP S/4HANA, Microsoft Dynamics and DATEV, a useful fit for groups already working in those systems. The maker says the product is certified to IDW PS 880 by BDO. insightsoftware also says its cloud solutions encrypt data in transit and at rest with TLS and AES-256, and that specific products and services meet ISO 27001 standards and undergo annual SOC 2 Type 2 audits.

Pricing

IDL Konsis is paid, with custom pricing available by request. The IDL Konsis plan has no published price and offers a demo. Because the price depends on a request rather than a displayed rate, prospective buyers should seek a quote before comparing its cost with other options.

Platforms

IDL Konsis supports web and Windows access. Its Web Client streaming feature lets users run it through a browser without installing or downloading a local client; a separate Windows client is distributed through an installer. This gives teams a browser-based route as well as an installed Windows option.

Who it's for

IDL Konsis is a strong fit for group finance teams consolidating multiple legal entities, especially where parallel management and legal closes, several currencies, varied accounting standards or German Country-by-Country Reporting are in scope. The named ERP integrations may also make it relevant to organizations using SAP ECC, SAP S/4HANA, Microsoft Dynamics or DATEV. Teams seeking a free or transparently priced tool should look elsewhere.

Product support is available through the customer community portal Monday through Friday, 08:00–17:00, excluding public holidays. That schedule is a practical constraint for teams that need support outside those hours.

Pros and cons

• Pro: Broad consolidation coverage, including intercompany work, deferred taxes and late adjustments, addresses more than basic group roll-ups.
• Pro: Support for groups from fewer than 10 entities to thousands makes it applicable across a wide range of group sizes.
• Pro: Parallel consolidations, multiple currencies and five named accounting standards serve complex reporting environments.
• Pro: Browser streaming avoids a local client installation, while a Windows client remains an option.
• Con: Pricing is only available by request, so buyers cannot assess cost from a published rate.
• Con: Support hours exclude public holidays and evenings, which may not suit teams needing broader coverage.

Alternatives

Compare financial consolidation software if you want to weigh IDL Konsis against other products in the category.

• AARO CPM is another paid option, with macOS, self-hosted, web and Windows platforms; its base package is quote-based and can be deployed immediately or customized.
• NDC Financial Consolidation offers web and self-hosted options, as a standalone product or SAP Analytics Cloud extension, with cloud or on-premise installation.
• Profitbase Consolidation is a web-based paid option with tailored pricing by request and no free plan.
• CCH Tagetik is another paid alternative.
• Lucanet is a paid web-based alternative with a Basic plan spanning consolidation, planning, ESG reporting, disclosure management, lease accounting, and banking and cash management.
• Planful is a paid web-based option with pricing tailored to company size, user count and selected modules.
• Vena is a paid alternative available on web and Windows.
• Board is a paid, self-hosted alternative with customized quotes.

Verdict

Choose IDL Konsis if your group needs substantial consolidation depth, multi-currency and parallel close support, and reporting across several accounting standards. Its breadth and scale are the main reasons to shortlist it; custom pricing and limited support hours are reasons to compare alternatives before committing.