Financial Close & Consolidation
Software – CCH Tagetik
Book a Close & Consolidation Demo
15 weeks to go-live · 3-5 day close cycles · 250+ projects · Platinum Partner
Our solutions
Close & Consolidation
Speed up your financial close, while keeping pace with
evolving accounting standards
Financial Consolidation is challenging. Companies face ever-changing GAAP and IFRS requirements, while dealing with multiple legal entities, non-standardized chart of accounts, multiple currencies, regional and global regulatory requirements, account reconciliation and inter-company transactions. We manage the complexity so you can accelerate the close.
Why the Financial Close Still Takes Too Long
In groups with multiple legal entities, the monthly close is dominated by manual work: collecting data from different ERP systems, reconciling intercompany balances by email and Excel, translating currencies, and re-checking eliminations that were already checked last month. The result: close cycles of 10-15 days, with management decisions waiting on provisional numbers.
Financial consolidation software changes the mechanics of the close. With CCH Tagetik, intercompany transactions are matched automatically, consolidation rules run without manual recalculation, and the finance team validates results instead of producing them.
What CCH Tagetik Consolidation Delivers
Every group closes its books. The difference between a five-day close and a fifteen-day close is not effort – it is how much of the process runs automatically and how much still depends on someone reconciling numbers by hand. Three areas account for most of that gap.
Automated intercompany reconciliation
Intercompany transactions are collected automatically from each entity’s ERP, matched in real time, and flagged immediately when differences appear. Local finance teams resolve discrepancies directly in the platform – no email chains, no intermediate spreadsheets.
Multi-GAAP and multi-entity consolidation
Consolidate across any number of legal entities, currencies and charts of accounts – with parallel reporting under IFRS, local GAAP and management views from a single data set. Elimination rules, minority interest and group adjustments run automatically at every close cycle.
Faster close with full auditability
Organizations implementing CCH Tagetik for financial close typically reduce close timelines from 10-15 days to 3-5 days – with every consolidation step documented, repeatable and audit-ready.
Go-Live in 15 Weeks at MONETA Money Bank
The solution was implemented and tested on a tight timeline and integrated seamlessly
with our existing technology. The Inulta consultants showcased excellent technical expertise,
and their knowledge of the subject enabled them to identify all the intricacies of our
business processes in their system implementation.
Petra Jankovská, IFRS Reporting Manager at MONETA Money Bank a.s.
Choosing a close & consolidation platform is a decision you live with for the next 5 – 10 years
OneStream, LucaNet, CCH Tagetik, Oracle FCCS, SAP – on a demo, they all consolidate. The real differences appear in how they handle your consolidation logic: elimination rules, intercompany volumes, multi-GAAP requirements, and the number of entities you close every month.
Platform Selection
Consolidation Process Design
Project Management
Data Integration
Before you commit to a platform, you should know exactly how it will handle your close and consolidation processes. We help you find out – with proof, not promises.
Migrating from Oracle Hyperion or SAP BFC
If your group still runs Oracle Hyperion Financial Management (HFM) or SAP BusinessObjects Financial Consolidation (SAP BFC), you are consolidating on a platform your vendor has stopped investing in. Support windows are closing, expertise is getting harder to find, and every close cycle carries growing operational risk.
CCH Tagetik is one of the most common migration destinations for Hyperion and SAP BFC customers – recognized as a Leader in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions, with pre-built migration accelerators that map existing consolidation logic, historical data and reporting structures into the new environment.
Inulta has delivered legacy consolidation migrations for enterprise groups across Europe – preserving consolidation history, running parallel closes during transition, and going live without disrupting reporting deadlines.
How Inulta Implements CCH Tagetik Consolidation
A consolidation platform is only as good as the rules configured inside it. Inulta – CCH Tagetik Platinum Implementation Partner and Best EPM Implementation Partner 2026 – has delivered close and consolidation transformations across 250+ enterprise projects, with go-live timelines as short as 15 weeks. Our consultants understand elimination logic, IFRS and local GAAP requirements, and intercompany complexity – so the system is built around your consolidation reality, not a generic template.
Close & Consolidation Across Industries
Frequently Asked Questions
What is financial consolidation software?
Financial consolidation software automates the process of combining financial results from multiple legal entities into a single set of group financial statements — including intercompany elimination, currency translation, minority interest calculation and group adjustments. Modern consolidation platforms replace the manual, spreadsheet-based processes that make group closes slow and error-prone.
What is the best financial consolidation software?
The leading enterprise consolidation platforms include CCH Tagetik, OneStream, Oracle Cloud EPM (FCCS), SAP Group Reporting and LucaNet. CCH Tagetik – developed by Wolters Kluwer – is recognized as a Leader in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions, and is particularly strong for groups that need consolidation, planning, disclosure and regulatory reporting in one unified platform.
What is the difference between financial close and consolidation?
The financial close is the full process of finalizing the books at period end — journal entries, reconciliations, accruals and reporting — at both entity and group level. Consolidation is the specific step of combining entity results into group financial statements, including intercompany eliminations and currency translation. Modern platforms like CCH Tagetik manage both in a single governed workflow.
Can CCH Tagetik replace Oracle Hyperion (HFM)?
Yes. CCH Tagetik is one of the most common migration destinations for Oracle Hyperion Financial Management customers, as HFM approaches end-of-life. Migration typically includes mapping existing consolidation rules and hierarchies, transferring consolidation history, and running parallel closes during transition. Inulta has delivered Hyperion-to-Tagetik migrations for enterprise groups without disrupting reporting deadlines.
Can CCH Tagetik replace SAP BFC (BusinessObjects Financial Consolidation)?
Yes. With SAP BFC no longer actively developed, many groups migrate to CCH Tagetik for consolidation – often while keeping SAP as their ERP. CCH Tagetik integrates with SAP as a data source and provides more advanced consolidation, disclosure management and regulatory reporting capabilities than the legacy BFC environment.
How does CCH Tagetik handle intercompany reconciliation?
CCH Tagetik automates intercompany reconciliation by collecting transactions from each entity’s ERP, matching them in real time, and flagging differences immediately. Local finance teams resolve discrepancies directly in the platform through governed workflows – eliminating the email chains and intermediate spreadsheets that typically make intercompany matching the slowest step of the close.
What is multi-entity consolidation?
Multi-entity consolidation is the process of combining financial results from multiple legal entities – often across different countries, currencies and charts of accounts – into unified group financial statements. It requires currency translation, intercompany elimination, minority interest calculation and consistent application of group accounting policies at every close cycle.
How long does a CCH Tagetik consolidation implementation take?
A focused close and consolidation implementation typically takes 15-20 weeks with an experienced partner, depending on the number of entities, complexity of consolidation rules and integration requirements. MONETA Money Bank went live in 15 weeks with Inulta – implemented, tested and integrated with existing technology on a tight timeline.
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