Consolidation function outsourcing is the practice of delegating all or part of a company’s financial consolidation activities to an external specialist or firm. This includes tasks such as preparing group financial statements, managing intercompany eliminations, and ensuring compliance with accounting standards.
External Consolidation Department
An external consolidation department refers to a dedicated team or service provider outside the organization that manages the preparation and coordination of group-level financial consolidation. This external unit handles complex tasks such as data collection, intercompany reconciliation, and compliance reporting, offering expertise, scalability, and independence from internal operations.
Consolidated Financial Statement
A consolidated financial statement presents the financial position and performance of a parent company and its subsidiaries as a single economic entity. It combines all assets, liabilities, revenues, and expenses across the group, eliminating intercompany transactions to provide a clear, unified view of the group’s overall financial health.
Outsourcing this function allows businesses to gain expert support, streamline reporting cycles, and focus internal resources on core strategic activities.
Our consolidation function outsourcing service involves streamlining and optimizing the consolidation process for businesses.
Our experienced team ensures efficient data consolidation, leading to enhanced accuracy and visibility into financial performance.
We leverage advanced technologies and best practices to deliver comprehensive consolidation solutions that empower organizations to make informed decisions and drive growth.