Latest blogs
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The Impact of Different Accounting Standards on Financial Consolidation (IFRS vs. GAAP)
When a group has entities reporting under different accounting standards — IFRS, US GAAP, UK GAAP (FRS 102) — the figures from each entity cannot simply be aggregated. Different standards produce materially different numbers for the same underlying economic activity: the same inventory may be valued differently, the same lease may produce different P&L and…
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New Feature: Virtual Groups for Flexible Financial Consolidation in BrizoConsol
In financial consolidation, companies often rely on fixed hierarchies based on legal structures. But what if you need to analyze data from a different perspective—such as by region, business unit, or operational division? BrizoConsol now introduces Virtual Groups, allowing users to create custom hierarchies beyond the default legal company structure. This feature provides greater flexibility…
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The Role of AI and Machine Learning in Financial Consolidation
AI in financial consolidation is genuinely useful — and also significantly overhyped. The honest picture is narrower than most vendor marketing suggests, but the areas where it genuinely adds value are real and materially affect how finance teams spend their time. The clearest way to think about it: AI in consolidation is most valuable where…
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New Feature: Cash Summary & Forecast Input in BrizoConsol
Managing cash flow is one of the most critical aspects of running a small business. Without a clear picture of available cash and future cash needs, businesses risk liquidity issues, missed opportunities, or unexpected financial stress. To help businesses gain better cash visibility and control, BrizoConsol introduces the Cash Summary & Forecast Input feature. How…
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Centralised vs. Decentralised Financial Consolidation: Which Approach is Right for You?
The choice between centralised and decentralised financial consolidation is less a binary decision and more a spectrum — and most groups, in practice, land somewhere in the middle. What actually varies is which parts of the process are owned centrally and which are distributed to entity finance teams. Getting that division right affects close timelines,…