When the group consolidation means copying balances between separate company files and chasing intercompany mismatches by hand, close drags on for days and one broken link can throw the whole group off. cifraHQ aggregates every entity, eliminates intercompany activity, and converts currencies automatically, so consolidated statements come out right the first time.
Group close usually looks like this: each subsidiary sends its trial balance, someone pastes them into a master consolidation workbook, and then the real work begins. Intercompany sales and loans have to be matched and eliminated by hand, foreign subsidiaries reconverted at the right rates, and every tie-out re-checked because a single mispaste can leave the statements out of balance. It costs days the finance team does not have, and at year-end the auditor still asks for a trail the spreadsheet cannot cleanly show. Structured consolidation replaces all of that.
Multi-company reporting is complex and error-prone
Consolidation done in Excel with complex formulas and manual data entry. One wrong link and the whole report is wrong.
Tracking and eliminating intercompany transactions manually takes days. Miss one and your statements don't balance.
Converting foreign subsidiaries to reporting currency requires research, calculations, and reconciliation every period.
Auditors want to see the trail from subsidiary to consolidated. Proving accuracy from spreadsheets is painful.
True consolidation at the push of a button
Define your company structure once. Generate consolidated statements instantly for any period, any time.
Intercompany transactions identified and eliminated automatically. Matching rules ensure nothing is missed.
Subsidiaries in any currency converted automatically. Historical, average, and spot rates applied correctly per IFRS.
Drill from consolidated number to entity to transaction. Full transparency for auditors and management.
Watch how cifraHQ eliminates intercompany transactions automatically
Entity A sells $50,000 of goods to Entity B (both 100% owned). This creates revenue in A and cost in B that must be eliminated.
Everything you need for professional multi-company reporting
Model the group as it actually is, parent, subsidiaries, and sub-subsidiaries across unlimited levels, so consolidation follows a defined structure instead of a workbook that has to be rewired every time the group changes.
Get non-controlling interests right without a side calculation. Whether an entity is 51, 75, or 100 percent owned, the split is computed correctly so partial ownership stops being a manual footnote.
Set the matching rules once and let the system catch intercompany sales, purchases, loans, and dividends every period, so nothing slips through and leaves the statements out of balance.
Foreign subsidiaries are translated for you, with the correct rate type applied per account class, so currency conversion is no longer a period-end research project prone to reconciliation errors.
Trace any consolidated figure back to the entity and the transaction behind it, so when a number is questioned you show the evidence instead of unpicking a chain of linked spreadsheets.
Group statements come out formatted to international standards, with disclosures, notes, and segment reporting included, so the pack is ready for auditors rather than reformatted for them.
All the statements you need for group reporting
Group assets, liabilities, and equity with eliminations applied.
Group revenue, expenses, and profit with intercompany eliminated.
Group cash movements across operating, investing, and financing.
Consolidated equity movements including non-controlling interests.
From setup to consolidated statements in 4 steps
Set up your company hierarchy. Define ownership percentages and reporting relationships.
Map subsidiary accounts to consolidated chart. Define elimination rules for intercompany accounts.
Select period and click consolidate. System aggregates, eliminates, and converts currencies.
Review elimination entries, validate balances, and generate final consolidated statements.
Stop wrestling with spreadsheets. cifraHQ delivers true consolidated financial statements with automatic eliminations and full audit trails.
Unlimited entities • Automatic eliminations • IFRS compliant