Financial consolidation

Multi-entity close breaks down when elimination entries, currency translation, and intercompany reconciliations sit in separate systems. Each entity has its own data, its own chart of accounts, and its own timeline. Planful brings consolidation into one system, so you close faster with less manual work.

What you can do with Planful

Multi-entity consolidation in one model

Every entity's data rolls up through your company hierarchy into a single governed structure. Finance works from one consolidated model, not a collection of separate entity-level files.

Intercompany eliminations, handled in the system

Planful handles intercompany eliminations at any parent level in your hierarchy. Elimination entries run inside the system, not as a manual step outside it.

Currency translation as part of the close

Planful translates entity-level balances into your reporting currency as part of the consolidation process, so foreign currency entities roll into the consolidated model without separate manual conversion work.

Consolidated reports from a single governed source

Build your consolidated P&L, balance sheet, and cash flow reports that stay up to date. They pull from the same model every period with no manual rebuild.

Why teams love it

Consolidation that runs in the system, not in spreadsheets

Multiple entities each manage their own trial balance, finance collects and consolidates everything manually, close takes longer and errors are hard to catch before reporting. Planful’s consolidation model is built on your company hierarchy, so entity data flows in through a defined structure and finance works from one consolidated model rather than assembling a view from separate files. Close moves faster because the consolidation mechanics are already in place when the period opens.

Consolidated financial reports ready when close wraps

After entities submit and eliminations are posted, producing the consolidated package manually adds days to a close that should already be finished. Planful’s reporting pulls from the same governed model that runs the consolidation, so your consolidated P&L, balance sheet, and cash flow refresh automatically each period. Reports go out the same day close wraps.

Actuals ready for planning the moment close wraps

When consolidation runs in a separate system from planning, close results have to be exported and re-imported before the next forecast cycle can start. That handoff adds days to a process that should be continuous. Planful runs planning and consolidation in the same platform, so consolidated actuals land in the planning model the moment the period closes. No export. No re-import. The full cycle from close to reforecast starts immediately.