Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
As familiarity with legacy consolidation tools wanes within your organization, they become increasingly difficult to support, leading to significant risks in your financial close process. The separation of financial consolidation from financial planning complicates the establishment of a unified source of accurate information. Relying solely on static spreadsheets is inadequate, particularly under the scrutiny of auditors. The process of generating consolidated financial statements should be streamlined, avoiding the pitfalls of being lengthy, manual, and prone to errors. With close cycles shrinking and regulatory demands intensifying, IDL Konsis streamlines finance and accounting operations by eliminating tedious manual tasks, allowing for a faster and more efficient closing process through fully compliant, standardized consolidations that address all aspects of group reporting. This commitment to excellence is a key factor in IDL's strong position within the corporate consolidation sector, ensuring businesses can adapt to evolving financial landscapes effectively.
Description
Konsolidat is a flexible, open-source EPM platform, licensed under MIT, that integrates seamlessly with Excel for organizations utilizing SAP or Microsoft Dynamics. It facilitates multi-entity IFRS and GAAP consolidation, incorporating features like foreign exchange translation, currency translation adjustments, intercompany eliminations, and non-controlling interests; it also supports driver-based, cascading, and reciprocal cost allocations, along with budgeting that accommodates seasonal variations and variance analysis. Finance teams can utilize their current Excel workbooks by employing =EPM() formulas, while the underlying close logic operates on a ClickHouse and dbt framework, ensuring full traceability to the source general ledger and implementing 26 automated assertions with each execution. Current connectors are available for Dynamics 365 F&O and ERPNext, with SAP S/4HANA access provided through a four-week pilot program. The application layer enhances security through two-factor authentication, role-based access control, audit logging, and single sign-on capabilities via OIDC/SAML, Entra ID, and LDAP. Users can opt for a self-hosted solution at no licensing cost, or they may select a fully managed hosting service. Designed to accommodate between 10 and 500 finance team members, it aims to streamline financial processes and improve collaboration among users.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
DATEV
No
Microsoft Dynamics 365
No
SAP HANA
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$0
Free Trial
No
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
insightsoftware
Founded
2000
Country
United States
Website
insightsoftware.com/idl/idl-konsis/
Vendor Details
Company Name
Grynn GmbH
Founded
2016
Country
Switzerland
Website
www.konsolidat.com
Product Features
Financial Reporting
"What If" Scenarios
No
Audit Trail
No
Balance Sheet
No
Cash Management
No
Consolidation / Roll-Up
No
Forecasting
No
General Ledger
No
Income Statements
No
Multi-Company
No
Multi-Department / Project
No
Profit / Loss Statement
No