Konsolidator logo

Konsolidator

by Konsolidator A/S · Since 2014
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ActiveAvailable globallyCloud
Quick facts
VendorKonsolidator A/S
Year launched2014
StatusActive
LocationKonsolidator A/S Toldbodgade 3, 5th floor 1253 Copenhagen K Denmark
Countries servedGlobal
Languages3
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About Konsolidator

Konsolidator is a consolidation software from Konsolidator A/S that supports financial reporting and analysis. It provides features including multi-entity consolidation, automated data integration, and compliance management so users can efficiently manage complex financial data. Konsolidator enables businesses to consolidate financial statements from different subsidiaries and simplify their reporting process with accuracy and speed. The software is designed for organizations that require timely insights into their financial performance across multiple entities. Key capabilities: multi-entity consolidation automated data integration compliance management financial reporting data analytics Best for: finance teams that need to consolidate and report on financial data from various subsidiaries.

Konsolidator is a cloud-based financial consolidation software designed to simplify and automate complex consolidation processes for corporate groups. With its auditor-tested methodology, the platform ensures precise and error-free financial reporting, making it a trusted tool for over 250 organizations worldwide. It eliminates the need for traditional spreadsheet-based consolidation by offering a streamlined, standardized dashboard that guides users through every step. This software is particularly well-suited for multinational companies, as it supports multi-currency functionalities and ensures secure, centralized data storage via SQL, making it both scalable and reliable. The user interface of Konsolidator is intuitive and straightforward, allowing finance professionals to complete full consolidations in as little as 15 minutes. This efficiency is powered by automation that handles intercompany eliminations, exchange rate adjustments, and minority share calculations with accuracy. Accessible through any web browser, the software ensures users can log in from anywhere and enjoy a consistent and efficient workflow. Its cloud-based infrastructure reduces IT overhead, while its focus on standardization promotes consistency and reliability in financial processes across teams and departments.

Pros & Cons

Pros
  • Ease of Use: Simple to implement, user-friendly interface.
  • Support Team: Responsive and knowledgeable, offering excellent assistance.
  • Cost-Effectiveness: Lower implementation costs without needing external consultants.
  • Features: Efficient data upload, manual journals, and Excel integration for reporting.
  • Time-Saving: Streamlined consolidation process, ideal for first-time users.
  • Modern Technology: Quick setup and adaptable functionality for consolidation needs.
Cons
  • Intercompany Transactions: Improvements needed for handling large volumes.
  • Journal Functionality: Better visualization of eliminations required.
  • Documentation: More detailed explanations for elimination journals would be helpful.

Features

Key features

Automated Consolidation

Simplifies and accelerates consolidation, reducing time by 50%.

Auditor-Tested Methodology

Ensures reliable and precise financial calculations.

Multi-Currency Support

Handles currency conversions seamlessly for global businesses.

Error-Free Results

Centralized data storage in SQL guarantees data accuracy.

Standardized Process

Guides users through a consistent, efficient consolidation workflow.

Time-Saving Dashboard

Complete consolidations in as little as 15 minutes.

Additional features

Cloud-Based Access

Enables users to log in from anywhere with secure data storage.

Intercompany Eliminations

Automates the elimination of intercompany transactions.

Minority Share Handling

Streamlines calculations for complex ownership structures.

Exchange Rate Adjustments

Automatically adjusts for currency fluctuations.

Financial and Management Accounting

Supports various accounting types, including enterprise and custom solutions.

Auditor-Level Precision

Provides confidence in compliance and accuracy of reporting.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Annual plans

Additional Cost
EUR 275/yr
billed yearly · ≈ EUR 22.92/mo

≈EUR 22.92/mo when billed annually

Base Price
EUR 5,000/yr
billed yearly · ≈ EUR 416.67/mo

≈EUR 416.67/mo when billed annually

Base Price
EUR 8,000/yr
billed yearly · ≈ EUR 666.67/mo

≈EUR 666.67/mo when billed annually

Countries & Languages

Global
Countries served
3
Interface languages
1
Billing currencies

Interface languages

EnglishDanishSpanish

Billing currencies

🇺🇸USD

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