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Dive into the complexities of financial consolidation and how BrizoSystem simplifies the process. From automating currency conversions to standardizing charts of accounts and eliminating intercompany transactions, this category covers strategies for achieving accurate, real-time group-level reporting across subsidiaries.
May 12, 2025
Most group finance teams run into the same problem eventually. The legal structure of the business — the holding company, its subsidiaries, the ownership percentages — reflects how…
May 8, 2025
Excel is a legitimate starting point for multi-company consolidation. At two entities with straightforward intercompany flows and no foreign currency, a well-maintained spreadsheet model is reasonable. The problem…
April 30, 2025
Intercompany dividend elimination is one of the most commonly mishandled adjustments in group financial consolidation. When a subsidiary pays a dividend to its parent or another group entity,…
April 23, 2025
Seeing the Group as One When a group of companies is under common control—such as a parent company with several subsidiaries—the goal of financial consolidation is to present…
April 16, 2025
AI is already doing useful work in financial consolidation — account mapping suggestions, intercompany transaction matching, anomaly flagging in trial balances. These are real, deployed capabilities that compress…
April 9, 2025
When operating across the UK and the US, finance teams face a challenge that goes beyond currency conversions — they must reconcile two fundamentally different accounting frameworks. UK…
April 2, 2025
Financial consolidation has a reputation for being something large corporations do — a complex process involving teams of accountants, expensive software, and statutory requirements that only apply once…
March 26, 2025
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.…
March 22, 2025
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,…