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Multi-Entity Consolidation and Reporting Software for Faster, More Accurate Close Cycles

FYIsoft provides multi-entity consolidation and reporting software to speed and simplify your financial close. Eliminate manual work, standardize reporting across entities, and create trustworthy consolidated financials in minutes—without spreadsheets, errors, or complexity.

multi-entity consolidation and reporting software

Why Is Multi-Entity Consolidation So Time Consuming?

Multi-entity consolidation is the process of combining financial results from several individual entities—such as companies, divisions, or locations—into a single consolidated financial view. Accounting teams face major challenges when consolidating all this disparate data:
 
  • Different charts of accounts across companies
  • Multiple ERPs or GLs following mergers or acquisitions
  • Multi-currency conversions
  • Hundreds of entity-level statements requiring consistent formatting
  • Manual Excel-heavy workflows introducing errors

If your team spends days (or weeks) consolidating data across entities, request a demo to see how FYIsoft solves these challenges and can reduce that workload to minutes.

multi-company reporting

How FYIsoft Automates Multi-Entity Consolidation and Reporting

FYIsoft empowers finance teams to consolidate financial data across entities in a fraction of the time. With FYIsoft, you can:

  • Automatically standardize financial data across entities and GLs
  • Apply consistent formatting and roll-up structures
  • Run consolidated financials at any level—entity, region, business group, or full enterprise in minutes
  • Build once and reuse your consolidation structure every period, and easily change when needed
  • Distribute consolidated and entity-level reports with one click

Teams that adopt FYIsoft routinely reduce consolidation workload by 50% every financial close cycle.

Case Studies: Multi-Entity Consolidation in Action

70% Time Savings for This Restaurant Group with 300 Locations

A national restaurant operator used to spend days consolidating financials from each store. After FYIsoft:

  • Consolidated financials generate automatically
  • Reports for 60+ managers are distributed in one click
  • Hours spent emailing individual reports are eliminated

“I run a report, push one button, and it sends to all owners.”

Multi-National Manufacturer Automates Nearly All Manual Processes

A U.S.-Europe manufacturer struggled with multi-GL, multi-currency consolidation. With FYIsoft they: 

  • Automated consolidation of different GLs and charts of accounts
  • Eliminated nearly all  manual processes
  • Improved accuracy and compliance of global currency conversion

Core Features That Simplify Multi-Entity Consolidation

FYIsoft empowers finance teams to consolidate financial data across entities in a fraction of the time. Our ReportFYI software automates many of the manual tasks that otherwise slow down the multi-entity consolidation and reporting process. 

Standardized Data

Our ConnectFYI technology integrates with your ERP system to extract financial data and standardize it for consistent reporting across all your entities.

Built-In Automation

Our ReportFYI reporting software enables you to consolidate P&Ls, balance sheets, and cash flow statements for all entities at once, with drill-down links to entity-level detail.

Multi-Currency Consolidation

For organizations operating internationally, our CurrencyFYI technology translates balances into a single reporting currency.

Featured Content for Multi-Entity Consolidation and Reporting

How to Choose the Best Financial Reporting Software for Multi-Entity Companies

Not all financial reporting software is the same, especially for companies with multi-entity consolidation and reporting environments. During a demo, most tools look great — but when your reporting complexity and transaction volume grow, performance gaps quickly appear.

Read this article for tips and a downloadable checklist to guide you through the essential features to look for, red flags, and evaluation criteria you need to confidently choose the best financial reporting software for your business. 

The Ultimate Financial Reporting Software Buyer's Checklist, Cover

Multi-Entity Consolidation FAQs

It is the process of combining financials from several entities—companies, divisions, or locations—into consolidated statements with consistent formatting and structure. FYIsoft provides software to simplify this complexity—automating much of the reporting process for multi-entity companies.

Organizations with multiple business units, franchises, subsidiaries, global operations, or entities using different GLs need specialized reporting software like FYIsoft. FYIsoft is specifically designed to simplify multi-entity consolidation and reporting.

To enable easy reporting from multiple GL systems, FYIsoft’s ConnectFYI technology integrates directly with your ERP system. Financial data is extracted and transformed into a standardized format for consistent reporting across all entities.

To simplify financial reporting for international companies, FYIsoft’s CurrencyFYI technology translates multi-company balances into a single currency for financial reporting.