Automate Financial Consolidations Across Companies & Systems

Solver for Consolidation | Frequently Asked Questions

• What is financial consolidation software?

  Financial consolidation software automates the process of combining financial data from multiple entities, subsidiaries, and currencies into a single, accurate set of consolidated statements. It eliminates manual spreadsheet work by handling intercompany eliminations, currency translation, and rollups automatically, reducing close cycle times and the risk of reconciliation errors across complex organizational structures. 

• How is Solver different from Excel for financial consolidation?

  Excel requires manual data collection, formula maintenance, and version control across every entity, making consolidation slow and error-prone at scale. Solver connects directly to your ERPs and data sources, automates eliminations and currency translation, and delivers consolidated statements in a governed, auditable environment that Excel cannot replicate for multi-entity organizations. 

• How does Solver handle intercompany eliminations?

  Solver allows finance teams to define and automate intercompany elimination rules so every consolidation cycle runs consistently. Rules are applied automatically across entities and periods, reducing manual intervention and producing clean financials ready for executive, board, and regulatory review without rebuilding the process each close cycle.

• Which ERPs does Solver connect to for consolidation?

  Solver connects to a wide range of ERP systems, pulling data from multiple sources into its Data Warehouse. This allows organizations running different ERPs across subsidiaries to consolidate into a single version of the truth without manual data exports or intermediary spreadsheets between systems.

• How long does it take to implement Solver for financial consolidation?

  Implementation timelines vary based on the number of entities, data sources, and the complexity of elimination rules required. Most mid-market organizations are operational within weeks rather than months, with Solver's pre-built connectors and configurable consolidation framework reducing the setup time compared to custom-built solutions.

• How does Solver Copilot AI support the financial close process?

  Solver Copilot AI assists finance teams during consolidation by surfacing anomalies, flagging reconciliation gaps, and accelerating the review process. Available in the United States, Copilot reduces the time spent manually checking consolidated outputs, so teams can close faster and with greater confidence in the accuracy of their financials. 

• Can CFOs access financial reports without relying on the finance team?

  Yes. Solver's self-service portal gives management direct access to user-friendly reports and performance monitoring without waiting on finance to surface data. This closes the gap between data collection and meaningful action so leadership can make critical decisions faster.