Financial Consolidation and Reporting Software | Multi-ERP, Multi-Entity, M

 Financial Consolidation and Reporting

Financial Consolidation and Reporting Platform for Multi-Entity, Multi-ERP, Multi-GAAP Close

Taxilla helps organizations automate financial consolidation and reporting across multiple entities, countries, ERPs, and accounting standards. Ingest trial balances from multiple sources, map GL accounts to reporting line items using a visual taxonomy mapper, run controlled workflows, auto push to the consolidation entity, and generate audit-ready consolidated financial statements, notes, disclosures, and report packs

  • 50+ Global Enterprises
  • 99% Match Rate

Financial Consolidation and Reporting Challenges

Financial consolidation is increasingly treated like a controlled reporting cycle, because stakeholders expect the same rigor as financial reporting: controls, evidence, approvals, traceability, and repeatability. Most organizations struggle when data, entities, and accounting policies scale faster than the close team.

Multi-ERP
Multi-ERP: Trial balances arrive in different formats, charts of accounts, and calendars, slowing standardization.
GL Mapping
GL Mapping: GL-to-reporting mapping is rebuilt in spreadsheets, making it manual and error-prone.
Intercompany
Intercompany: Entity mismatches create late rework and make eliminations a bottleneck.
FX Translation
FX Translation: Currency conversion and translation reserves need consistent logic and governance
Multi-GAAP
Multi-GAAP: IFRS, US GAAP, Ind AS, and local views multiply reconciliation effort.
Disclosures
Disclosures: Notes, rollforwards, tie-outs, and report packs still remain manual.
Controls
Controls: Approvals, sign-offs, and evidence are scattered across emails and files, increasing audit risk.
Allocations
Allocations: Department, profit center, and cost center allocations must be rules-driven, not manual.

Taxilla's Unified Consolidation and Reporting Hub

Use the Financial Consolidation and Reporting hub to navigate to dedicated spokes:

hub
  • Consolidation and Reporting

    Automate multi-entity consolidation with multi-ERP trial balance ingestion, automated entity submissions to the group layer, currency translation, topside adjustments, consolidated statements, dashboards, and audit trail.

  • Multi-GAAP Reporting

    Produce reporting views across IFRS, US GAAP, Ind AS, and local GAAP using governed mappings, traceable adjustments, and controlled reconciliations across entities and periods.

  • Management Reporting

    Generate internal MIS reports and performance dashboards with department, cost center, and profit center views using rules-driven allocations and consistent reporting structures from the same mapped financial data.

  • Financial Disclosures

    Standardize report packs using templatized notes, automated rollforwards, tie-outs, reviewer sign-offs, version control, and print-ready outputs for board, audit, and statutory reporting.

Why Traditional Tools Fail

Most consolidation and reporting is stitched together using ERP extracts, spreadsheets,email approvals, and point tools. Even well-known platforms emphasize automation of consolidation activities like currency translation and intercompany eliminations, highlighting how painful these remain when handled manually

Where traditional approaches fail:

  • Spreadsheets do not scale to close-to-disclosure: version chaos, fragile formulas, limited audit trail, and inconsistent controls.
  • ERP-led consolidation works best in a single ERP world: mixed-ERP groups still end up with manual mapping and reconciliation.
  • Point tools solve one step, not the lifecycle: consolidations, eliminations, report packs, notes, and approvals still require stitching.
  • Reporting mapping remains a bottleneck: without a governed taxonomy and mapping layer, report preparation stays manual and slow

Key Business Outcomes

40-60%

Faster consolidation and close cycles

Reduce cycle time by standardizing trial balance ingestion, taxonomy mapping, validations, workflow approvals, and eliminations.

70-80%

Higher confidence in consolidated reporting

Run a controlled close with audit trail, approvals, and drill-through from consolidated outputs back to source balances.

70%

Lower intercompany rework

Detect mismatches early and automate eliminations with traceability. Intercompany eliminations are consistently positioned as a major automation area by leading platforms.

100%

Consistent multi-currency translation

Use consistent rules for currency conversion and Cumulative Translation Adjustment every period.

One

Single governed taxonomy

Once the taxonomy is mapped, reporting becomes repeatable: consolidated statements, MIS views, notes schedules, and report packs are generated from thesame governed structure.

End-to-End Process Coverage:

Taxilla covers the full consolidation and reporting lifecycle:

Ingestion

1. Ingestion

Capture trial balances and finance masters from ERPs and source systems.

Mapping

2. Mapping

Map GL accounts to reporting line items using the visual taxonomy mapper.

Controls

3. Controls

Validate data with rule-based checks, exceptions, evidence, and approvals.

Group Push

4. Group Push

Auto-push approved subsidiary balances and adjustments to the group consolidation entity.

Consolidation

5. Consolidation

Run currency translation, intercompany eliminations, and topside adjustments.

Reporting

6. Reporting

Generate consolidated statements, MIS and KPI dashboards, notes, and print-ready report packs with audit trail and scheduled distribution.

Technology Advantage

Built for Continuous Close

Taxilla is built to combine consolidation depth with reporting automation and a controlled operating model:

  • Visual Taxonomy Mapper for GL to Reporting Mapping

    A governed mapping layer that converts trial balance GLs into reporting-ready structures, reducing manual report preparation and improves consistency across entities.

  • Consolidation Engine with Controlled Adjustments

    Automates key consolidation activities such as intercompany eliminations, topside adjustments, and currency translation, while keeping finance in control.

  • Multi-Entity and Unlimited Hierarchies

    Support group structures, sub-consolidations, reorganizations, and multiple rollups.

  • Multi-GAAP and Multi-Standard Reporting

    Support multiple accounting standards through mapped views and traceable adjustments.

  • Pre-configured Workflow Preparation and Data Push

    Close calendars, maker-checker approvals, validations, evidence capture, and automated push of approved subsidiary data to the group entity.

  • Close-to-Disclosure Outputs

    Templatized notes, report packs, and disclosure-ready financial statements without rebuilding outputs each cycle.

TechnologyAdvantage

Integrations and Ecosystem

Taxilla integrates as a non-disruptive overlay.

SeamlessErp

Industries & Operating Models Served

Built for finance teams operating with real complexity:
  • ManufacturingManufacturing
  • Services & TechnologyServices & Technology
  • Retail and CPRetail and CPG
  • LogisticsLogistics

Construction & BFSI groupsConstruction & BFSI groups

Operating models:
  • Multi-entity groupsMulti-entity groups
  • Multi-country subsidiariesMulti-country subsidiaries
  • shared servicesShared services
  • Holding-company structuresHolding-company structures
  • Acquisition-led growthAcquisition-led growth

Proven Results Across Global Enterprises

ProvenResults
  • 5 Days

    Faster Close Cycle

    Reduced month-end consolidation time for a multi-entity group by automating trial balance ingestion, visual taxonomy mapping, validations, and approvals across entities.

  • 60%

    Less Intercompany Rework

    Cut intercompany reconciliation and elimination effort by standardizing matching rules, exception workflows, and auto-generated elimination entries across entities.

  • 20+

    Entities Consolidated

    Centralized multi-entity, multi-currency consolidation across 20+ entities with automated data push to the group layer, consistent currency translation, and controlled adjustments.

  • 30%

    Lower Audit Rework

    Reduced audit and reviewer back-and-forth by standardizing evidence capture, drill-through traceability, maker-checker approvals, and period locks across consolidated statements, notes, and report packs.

Why Taxilla Over Alternatives

Why Taxilla vs ERP extracts, spreadsheets, and fragmented tools:
  • Automation starts at mapping: visual taxonomy mapping turns GL data into reporting-ready structures, enabling repeatable automated reporting.
  • Built for multi-ERP reality: standardize ingestion, validation, and mapping across varied ERP sources.
  • Controlled workflow preparation: tasks, approvals, evidence, and audit trail built into the close process.
  • Automated push to group consolidation: approved subsidiary submissions flow to the group entity without manual coordination
  • Strong consolidation fundamentals: intercompany eliminations, currency translation, and topside adjustments are governed and traceable, aligning with core expectations in leading consolidation platforms.
  • Close-to-disclosure delivery: report packs, notes, and print-ready outputs delivered from the same governed dataset.

See Financial Consolidation and Reporting in Action

Experience how Taxilla automates multi-ERP trial balance ingestion, visual taxonomy mapping, workflow-based preparation, automated push to group consolidation, intercompany eliminations, multi-currency translation, multi-GAAP reporting, and disclosure-ready report packs across India, Australia, Malaysia, KSA, UAE, and the USA.

Frequently asked questions
What does financial consolidation software mean?
A system that combines results from multiple entities into consolidated financial statements, including currency translation, intercompany eliminations, adjustments, and governed reporting outputs.
What is a visual taxonomy mapper and why does it matter?
It is a visual mapping layer that links GL accounts to reporting line items in a governed taxonomy. Once mapped, reports can be generated automatically and consistently across entities and periods, reducing manual report preparation effort.
Does Taxilla support intercompany eliminations and reconciliation?
Yes. Taxilla supports controlled workflows to identify mismatches, process eliminations,and maintain traceability and audit trail.
Can we consolidate across multiple currencies?
Yes. Taxilla supports multi-currency translation from subsidiary currency to group reporting currency using standardized or configurable translation logic.
Which accounting standards does Taxilla support?
Taxilla supports IFRS, US GAAP, Ind AS, and local GAAP reporting views using governed mappings and controlled adjustments. Multi-standard support is commonly positioned as a core requirement by leading consolidation platforms.
How does automated data push to the group entity work?
Subsidiary entities complete validations and approvals in Taxilla. Once approved, balances and adjustments are pushed to the group consolidation layer automatically, reducing manual coordination and late-stage surprises.
Can we generate report packs and print-ready disclosures?
Yes. Taxilla generates report packages, notes templates, and disclosure-ready outputs with review workflows and audit trail.
Can Taxilla integrate with our ERP systems?
Yes. Taxilla supports connectors and structured ingestion for common ERPs and mixed source systems typical in multi-entity organizations.
Can we start with consolidation and later expand?
Yes. Many teams start with trial balance ingestion, visual taxonomy mapping, and consolidated reporting, then expand into notes automation, scheduled reporting, and management analytics.

Move beyond ERP limitations and spreadsheets.

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