Emfino consolidation feature is advanced and distinctive - it performs automated and rule-based elimination and adjustment entries not only by accounts from the Group Chart of Accounts (Group COA) but also by financial DIMENSIONS!
This super feature allows you to view CONSOLIDATED results in ANY report! You can analyze product results, department performance, and project profitability at the Consolidated level!

Advantages of Emfino Consolidation feature:
1) Easy setup of several consolidations
It is straightforward to set up several consolidations in the system. One consolidation might be for management purposes, another - representing legal structure for regulatory reporting, and third - to see consolidated results of one country.
2) Drill downs to transaction level in consolidated reports
Full transaction reports from accounting/ERP systems (not just Trial Balances) are the primary data imports in Emfino, providing drill-downs to the transaction level in all reports, even in Consolidated reports. The drill-downs in the consolidated reports contain both the original transactions and the consolidation elimination/adjustment entries.
3) Merging of Partner names' aliases
The same legal entity may have several variations of its name, mainly when data are imported from different countries. The system allows merging several names of the same partner under ONE Partner name. Thus, the system knows all possible variations of partner names and includes all name options in the intra-group checks and consolidation.
4) User-friendly intra-group reconciliation of transactions and balances
Accountants and controllers appreciate that they can see detailed intra-group transactions and balances not only for the legal entity they are responsible for (Legal entity A), but also the transactions and balances the corresponding legal entity has booked towards their entity A.
5) Intra-group reconciliation in original currencies
The intra-group reconciliation is performed in original currencies to avoid any foreign currency translation effects. If a legal entity has issued a loan in PLN currency, reconciliation is performed in PLN.
6) Advanced foreign currency translation
The system ensures very advanced and customizable foreign currency translation to reporting currency at the transaction level. See more "Multi-Currency Translation in Reporting and Consolidation 🚀- Emfino Super Feature #3".
7) Automated data validation and import checks
Automated, built-in, and customizable data validation checks ensure the quality of imported accounting data for all legal entities and the reliability of reporting and consolidation. See more "Data Validation and Import Checks 🚀- Emfino Super Feature #2".
8) Advanced mapping
Advanced mapping helps if data are imported from various ERP/accounting systems with different Local Charts of Accounts and if data quality needs to be enhanced. The On-the-fly mapping feature ensures that each change in the mapping of Local COA to Group COA automatically reflects in all reports, including consolidation, without the need to reimport the financial data. Read more "On-the-fly Advanced Mapping🚀-Emfino Super Feature #4".
9) Consolidation entries by account numbers and financial dimensions
Consolidation entries contain the account numbers and dimensions (if applicable), ensuring the possibility of getting any reports, including product profitability, at the consolidated level.
10) Automated elimination entries
The client customizes the account selection for automated elimination in the Group COA.
11) Rule or formula-based adjustment entries
For example, you can create a formula to eliminate an unrealized profit from selling a fixed asset to another Group company. The system will calculate the adjustment entries automatically each month, removing the unrealized profit from fixed assets, accumulated depreciation and depreciation in the P&L. Formulas may help with monthly Minority / Non-controlling interest adjustments.
12) Manual consolidation adjustment entries
No worries. If necessary, manual adjustment entries are always an option.
13) Self-service solution
The Finance team administers the system itself, so there is no need for constant IT Department support. All features are already built into the system, so the Finance team has to perform the setup and start importing data to get Consolidated reports quickly.
It might be worth reading 😊: "Automated Financial Reporting & Consolidation in ONE MONTH!".
Examples of Advanced Automated Consolidation in Emfino DEMO System
Defining consolidations


Intra-group reconciliation



Defining aliases of Partner names

Balance splits by Partners

Consolidation report

Consolidated P&L report by dimensions

Automated elimination bookings by accounts and dimensions for positions "Loan interest expense" and "Marketing / Selling expense" in consolidated P&L report


Next Steps
We encourage you to 📍 Request a Demo on our website by submitting the Contact form. We'll gladly arrange a video call to show you an online demo of Emfino Reporting, Consolidation, and Budgeting system and discuss how it can meet your company's specific needs.
Or
📍Request a subscription fee offer on Emfino Pricing page! We'll prepare and send you a draft offer for a system subscription and set up a video to demo the system and get to know your company.