- Manual processes to consolidate multiple entities
- Time consuming to eliminate intercompany trades
- Difficult to manage various % ownership and/or multi-currencies
- Streamlined multi-entity financial consolidations
- Easy to find and eliminate intercompany trades
- Automated % ownership of entities and multi-currency management
What Adaptive Insights' Clients Say
Peter Cannan, Group Financial Controller, Eaton Towers
“Financial close cycles were arduous, involving currency conversions, intercompany eliminations, and allocations”
"Instead of spending my time checking and adding up numbers, I now have more time to analyse the data and have meaningful discussions with each of our operations—for example, where costs can be reduced and incomes maximised. In this way, we have been able to be far more strategic, with time to share learning experiences, identify opportunities, and ultimately add value to the business."
Jonas Hallman, Senior Manager FP&A, Infoblox
“We have locations in 25 countries, each using local currencies, and our finance team was tasked with consolidating those financial performance figures each month. It was a very manual, slow process using spreadsheets.”
“Our financial consolidation process now takes about 30 minutes with Adaptive, without IT intervention,”
Jeff Bergstrom, CFO, Winshuttle
"We really needed a better way to accurately and efficiently roll-up those subsidiaries into our corporate financial model,"
"Adaptive Consolidation properly handles any variance issues, meaning we no longer have to complete manual, monthly eliminations process like before. Now we upload our accounts and we are done."
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