Why financial consolidation still feels broken and what you can do about it 

Let’s get real for a minute. Financial consolidation isn’t just another line item on your team’s to-do list. It’s the quiet pressure that builds behind the scenes every month, quarter and year-end. And if you’re a CFO, you’ve probably felt it more times than you can count. 

You’ve got multiple entities. Different currencies. Different accounting systems. And a team that’s doing everything they can with the tools they’ve got, usually Excel, a few custom scripts, and a lot of manual work. 

On paper, the financial consolidation gets done. The numbers get rolled up. The deadlines are met. But behind the scenes, it’s messy. 

When we talk to finance leaders, the stories are surprisingly similar. You’ve got a strong team spending late nights pulling trial balances, mapping charts of accounts, chasing intercompany adjustments and hoping nothing breaks last minute. 

There’s usually a key file that lives on someone’s desktop. A handful of people who know how to make it work. And a growing backlog of things the team should be doing, but never gets to, because they’re too busy just getting through the financial consolidation cycle.

Does this sound familiar? 

  • The first version of the consolidated report is never the final one. 
  • Your team works in silos, trying to patch things together without full visibility. 
  • You’re always a few steps behind where you’d like to be, despite everyone working hard. 

This isn’t a technology issue. It’s a process strain. And it shows up in places that matter — like decision-making, board prep and the quality of insight your team can actually deliver. 

You might think, “We’re making it work. It’s not ideal, but it gets done.” But here’s the hidden cost: when financial consolidation consumes too much of your time and too many of your people, it takes something away from the rest of finance. 

It means less time spent analyzing and understanding the numbers. Less bandwidth to explore what-if scenarios. Less space to support the strategic work you actually enjoy. 

Over time, that adds up. Not just in hours lost, but in missed opportunities. 

We’ve worked with CFOs from companies with 3 entities, and others with 30 or more. Most weren’t looking to rip and replace their systems. They weren’t chasing shiny dashboards or AI-powered forecasts. They just wanted a process that worked. 

That meant: 

  • Getting clean data from every entity without weeks of cleanup 
  • Automating things like currency translation and intercompany eliminations 
  • Having a system that could produce a reliable first draft, not the third version that finally gets board-ready 
  • Giving their teams time back to think, not just process 

In many cases, this isn’t about software but rather about control, visibility and building a process that doesn’t fall apart when someone goes on vacation or leaves the company. 

Inulta doesn’t believe in one-size-fits-all solutions. We step in quietly, ask the right questions and help finance leaders design a consolidation process that fits how your business works. 

We don’t sell software for the sake of it. We implement systems that reduce manual work and give you confidence in your numbers, and we do it in a way that respects your time, your people and your existing systems. 

Sometimes we help CFOs shorten their close by a few days. Sometimes we help them eliminate entire steps in the process. Sometimes we just help them sleep better knowing the numbers are solid. 

If you’re in the middle of another close that feels harder than it should, or if you’re thinking about how to build a more scalable finance function, we’d be happy to listen. 

No pitch. Just a conversation to understand where you’re at and whether we can help. 

You don’t need more tools. You need the right process. Let’s talk about what that could look like.