Accountant is overwhelmed by manual consolidation of financial statements from multiple business units, with insufficient time and unreliable data, leading to errors and stress.

Workarounds Described

• Manually reruns reports multiple times
• Puts stuff in manually
• Relies on an employee to send data
• Spends time checking and footing numbers

Implied Software Gaps

• Automated consolidation software that pulls data directly from source systems
• Validation and error-checking tools to catch discrepancies early
• Workflow management to ensure timely data submission from subsidiaries

ConsolHub

A cloud-based financial consolidation platform that automates data collection, validation, and consolidation for multi-entity companies. It eliminates manual data entry and errors by integrating with accounting systems and providing real-time visibility.