Trusted by finance teams
Consolidation challenges that cost time and trust
Fragmented data: figures from different ERP and accounting systems that don't line up one-to-one
Error-prone intercompany eliminations: one missed internal transaction between parent and subsidiary and the group numbers are off
Currency conversions: FX differences for foreign entities make every close unnecessarily complex
Manual work in spreadsheets: gathering and checking data takes days and increases the risk of errors
One source of truth for the entire group
Consolidation in minutes
No more manual gathering, Smartbooks aggregates every entity automatically, always up to date.
Intercompany under control
Automatic IC eliminations and a reconciliation tool that instantly shows where differences sit.
Scales with the group
New entity, different accounting system or currency? Plug & play, no Excel rebuild.
Group figures in one click
See group-level results without manual aggregation. Smartbooks automatically rolls up every entity in your consolidation structure, P&L, balance sheet, cashflow, always up to date, always consistent.
- Consolidated P&L, balance sheet and cashflow in one environment
- Group-level dashboards with the KPIs you steer on
- Always current, no monthly manual refresh
- Drill down from a consolidated figure to the underlying entity and transaction
A structure that fits your group
Got a holding with an operating arm and a real-estate arm? Or an international structure with multiple subgroups? Configure your consolidation structure with drag & drop and define ownership percentages per entity. Report at any level, main group, sub-consolidation or individual entity.
- Drag & drop consolidation structure, modeled exactly the way your group works
- Ownership percentages per entity, including minority interests
- Report at any level: main consolidation, sub-consolidation or entity
- Adjust the structure as the group changes, no need to start from scratch
Intercompany, fully under control
One missed IC entry derails your entire consolidation. Smartbooks automatically identifies intercompany transactions and eliminates them. Spot differences instantly with the reconciliation tool. And even if your source system doesn't book IC on separate accounts, Smartbooks splits it for you, without touching your bookkeeping.
- Automatic IC eliminations, consolidated figures only show external activity
- IC reconciliation tool, see instantly which items between entities don't match, down to the transaction
- Intercompany Relation Mapping, define per entity pair which debtor or creditor maps to which group entity
- IC reclassification, split accounts in Smartbooks if your bookkeeping doesn't post IC separately
Foreign entities without the headache
Have entities abroad? Smartbooks converts automatically: P&L at the average period rate, balance sheet at the closing rate. FX differences are reported separately, so you immediately see what's operational and what's currency-driven.
- Automatic currency conversion per entity
- P&L at average period rate, balance sheet at closing rate
- FX differences reported separately for full transparency
Report at group level, down to cost center
Consolidation doesn't stop at profit and loss. Report at consolidated level per cost center, project or dimension, so the management team gets the same depth at group level as at entity level.
- Consolidated reporting per cost center, project or dimension
- Same dimensions work across every entity
- Drill down from a consolidated dimension to the underlying entity
Works with every accounting system in your group
Even when your entities sit in different accounting systems. Smartbooks consolidates across systems, no need to standardize first.
Entities in different systems? No problem, Smartbooks consolidates them anyway.
Connect your systems in minutes
Smartbooks plugs seamlessly into your existing accounting, ERP and BI stack. No IT project, no migration, just plug-and-play with the tools you already use.
Missing an integration? Almost any connection is possible via our API and integration platforms.
Data & BI
Systemen & automatisering
For BI tools and automation platforms we use open APIs and ready-made connectors.
Frequently asked about consolidation
See Smartbooks in action
See Smartbooks in action, in 25 minutes
In our on-demand webinar we walk you step-by-step through automating consolidation, reporting and cash flow.
- Demo in a real multi-entity environment
- How to shorten your monthly close by days
- Real-world examples from finance teams like yours
Free Whitepaper
Discover in our whitepaper how AI is transforming the financial sector and how your organization can benefit.