Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Finconsol is a cloud-based software solution designed for financial consolidation, enabling finance teams to aggregate accounts from various companies into comprehensive group statements. This platform facilitates the integration of trial balances, aligns entity accounts with a unified group chart, converts balances into different currencies, reconciles intercompany transactions, and accommodates elimination entries and minority interests. With Finconsol, users can generate consolidated financial statements including balance sheets, profit and loss statements, cash flow reports, fund flow statements, a consolidation worksheet, and group trial balances, alongside detailed reports, dashboards, and presentations for board meetings. Additionally, it accommodates budgeting, forecasting, statistical evaluations, and period-end controls such as locked months and historical changes. The software seamlessly integrates with Zoho Books, and other accounting systems like Xero and QuickBooks can be incorporated through the upload of trial balances. Finconsol is tailored for CFOs, controllers, group accountants, finance teams, and accounting firms that oversee multiple entities, enhancing their financial management capabilities significantly. This robust tool empowers finance professionals to streamline their consolidation processes and improve accuracy in reporting across diverse business entities.
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.
API Access
Has API
No
API Access
Has API
No
Integrations
DATEV
No
Microsoft Dynamics 365
No
QuickBooks Online
Yes
SAP HANA
No
Xero
Yes
Zoho Books
Yes
Integrations
DATEV
Yes
Microsoft Dynamics 365
Yes
QuickBooks Online
No
SAP HANA
Yes
Xero
No
Zoho Books
No
Pricing Details
$60/company/month
The minimum plan covers two companies. Yearly billing starts at $120/month equivalent ($1,440 billed annually); monthly billing starts at $144/month. The first five companies are $60/company/month with yearly billing. Plans include all features and unlimited users. Plans for more than 30 companies are priced by agreement.
Free Trial
Yes
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
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
No
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)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
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
Aaxonix Tech LLP
Founded
2026
Country
India
Website
finconsol.com
Vendor Details
Company Name
insightsoftware
Founded
2000
Country
United States
Website
insightsoftware.com/idl/idl-konsis/
Product Features
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
Alternatives
No Alternatives