Profitbase Consolidation

What Profitbase Consolidation is

Profitbase Consolidation supports period closing and group reporting for commercial organizations seeking business control. Its reconciliation engine connects to source systems and flags exceptions in real time; the vendor says this can reduce monthly closing time by over 50%. Users can add or remove companies and create versions of the group hierarchy, with dimensions copied automatically. Reports and trial balances are available for a group or individual companies, with drill-down to voucher details and functional, transaction, and reporting currencies shown together. Additional modules cover acquisitions, eliminations, manual entries, and intercompany differences. The acquisitions module summarizes group entities, ownership, currencies, acquisition cost, goodwill, and depreciation; eliminations can be automated using counterparty codes or accounts. Listed capabilities also include multi-entity and multi-currency consolidation, audit trails, cash visibility, liquidity planning, payment workflows, investment and debt management, and financial risk tools. Hypergene says it can provide solutions with data storage and processing in Sweden. Pricing is available on request.