Skip to content
Close
Close Faster. Report Sooner. Trust Every Number

Multi-entity consolidation—automated, accurate, and audit-ready.

If your team is stuck in spreadsheets, late nights, and manual eliminations, it’s time for a better way. Prophix automates consolidation so you can move faster—with fewer errors and full transparency.

Explore what's possible
Request Demo

Why Is Financial Consolidation Still So Manual?

Closing the books across multiple entities, currencies, and systems shouldn’t take weeks. But for many finance teams, it still does.

Weeks to Close Each Month
Weeks to Close Each Month
Manual processes drag out the close—burning time, trust, and talent.
Spreadsheets Everywhere
Spreadsheets Everywhere
No central system. Just endless versions of “final_final_v12.xlsx.”
Intercompany Nightmares
Intercompany Nightmares
Eliminations, adjustments, and reclassifications take days—and still miss things.
Currency Conversion Chaos
Currency Conversion Chaos
Rounding errors and inconsistent exchange rates derail the accuracy.
No Clear Audit Trail
No Clear Audit Trail
You can’t see who made changes, when, or why.
Board-Ready
Board-Ready Reports Take 
Too Long
By the time it’s clean and consolidated, it’s already outdated.

Why Is Financial Consolidation Still So Manual?

Closing the books across multiple entities, currencies, and systems shouldn’t take weeks. But for many finance teams, it still does.

TOUCH
Weeks to Close Each Month Weeks to Close Each Month
Weeks to Close Each Month Manual processes drag out the close—burning time, trust, and talent.
TOUCH
Spreadsheets Everywhere Spreadsheets Everywhere
Spreadsheets Everywhere No central system. Just endless versions of “final_final_v12.xlsx.”
TOUCH
Intercompany Nightmares Intercompany Nightmares
Intercompany Nightmares Eliminations, adjustments, and reclassifications take days—and still miss things.
TOUCH
Currency Conversion Chaos Currency Conversion Chaos
Currency Conversion Chaos Rounding errors and inconsistent exchange rates derail the accuracy.
TOUCH
No Clear Audit Trail-1 No Clear Audit Trail
No Clear Audit Trail You can’t see who made changes, when, or why.
TOUCH
Board-Ready Board-Ready Reports Take Too Long
Board-Ready Reports Take Too Long By the time it’s clean and consolidated, it’s already outdated.

Prophix One™, a Financial Performance Platform

All your insights and processes on a single platform with centralized capabilities
like Workflow, User Management, Data Integration, and security.

Account Reconciliation-1
TOUCH
01 Account Reconciliation
01Account Reconciliation
Budgeting & Planning-1
TOUCH
02 Budgeting & Planning
02Budgeting & Planning
Ad-Hoc Analysis-1
TOUCH
03 Ad-Hoc Analysis
03Ad-Hoc Analysis
Cash Flow Planning-1
TOUCH
04 Cashflow Planning
04Cashflow Planning
Financial Consolidation-1
TOUCH
05 Financial Consolidation
05Financial Consolidation
Financial Reporting-1
TOUCH
07 Financial Reporting
07Financial Reporting
All Your Entities. One Unified, Trusted Close.

All Your Entities. One Unified, Trusted Close.

Prophix centralizes your financial consolidation—eliminating the endless spreadsheets, manual eliminations, and late adjustments. From intercompany logic to currency conversion and audit-ready trails, you get control, confidence, and speed in one platform.

Close your books faster. Report with clarity. Be ready for whatever comes next.

Optional Bullet Highlights:
Automated consolidations across business units, systems, and time zones

  • Multi-currency support with flexible exchange rate logic.
  • Drillable audit trail to trace every number and adjustment.
  • Adjustments and journals tracked with full transparency.
  • Faster close cycles that scale with your business.

Hey Prophix! Show me how to prepare my consolidation.

Eliminate consolidation complexity.

Financial Consolidation software was developed by experts who understand the unique requirements for a streamlined month-end close process. Leveraging best practices, it removes the complexity of consolidation by automating processes like multi-currency translations and sub–consolidation, ensuring multi-GAAP and IFRS compliance and much more to reduce the need for expensive customizations. Regardless of your group structure, depth, or unique chart of accounts, Prophix can execute complex account consolidations in seconds for faster insights that drive better business outcomes.

Built-in customizable audit reports.

The need for transparency and data traceability is paramount. Financial Consolidation software enables the creation of detailed and fully customizable audit reports when needed, simplifying and expediting internal or external audit processes and significantly decreasing the cost and resources spent on audits. By providing user licenses specifically tailored for auditors and a library of configurable audit report templates, Prophix One gives auditors the tools and transparency to self-serve and streamline the audit process ensuring the accuracy and integrity of your consolidated financial statements.

Integrate and automate data collection across business systems.

No matter whether your company is dispersed across different regions, currencies, or business systems, your data collection is made easy. With an easy-to-use interface, Financial Consolidation simplifies the data exchange between our platform and other business systems without involving IT. Using automated imports, integrations, and validation rules, you have complete visibility and control over your data throughout the entire consolidation process resulting in quality consolidated financial reporting.

Key Capabilities That Make Prophix FP&A Smarter.

Everything you need to replace disconnected tools with one powerful, unified platform.
Multi-Entity Consolidation
TOUCH
Multi-Entity Consolidation Bring It All Together—Automatically
Multi-Entity ConsolidationBring It All Together—AutomaticallyConsolidate across subsidiaries, divisions, and geographies with a single governed workflow.
Intercompany Eliminations
TOUCH
Intercompany Eliminations Stop Eliminating Manually
Intercompany EliminationsStop Eliminating ManuallyHandle eliminations with pre-built logic and configurable rules—no need for fragile formulas.
Currency Conversion
TOUCH
Currency Conversion Convert with Confidence
Currency ConversionConvert with ConfidenceApply exchange rates and conversion methods with precision—no more last-minute spreadsheet fixes.
Manual Adjustments & Journals
TOUCH
Manual Adjustments & Journals Log Every Change, Transparently
Manual Adjustments & JournalsLog Every Change, TransparentlyPost top-side adjustments and late entries with full audit trails—ready for review and compliance.
Audit-Ready Governance
TOUCH
Audit-Ready Governance Full Visibility. Zero Guesswork.
Audit-Ready GovernanceFull Visibility. Zero Guesswork.Track every action, change, and approval—from data source to consolidated result.
Accelerated Close Cycle
TOUCH
Accelerated Close Cycle Days, Not Weeks
Accelerated Close CycleDays, Not WeeksAutomate repetitive tasks and shorten your financial close timeline—without sacrificing accuracy.

The Ultimate Guide to Next-Gen Finance

Discover how finance leaders are transforming budgeting, planning, and forecasting with smarter, faster, future-ready tools. Download your copy and start building your competitive edge.

Get The Guide

Trusted by strategic finance teams at…

Ready to Reconcile in Half the Time?

You’ve seen what outdated spreadsheets
can do. Now experience what Prophix—powered by EvomatiQ—can do better. 
As the official Prophix partner in the UAE, 
we help businesses automate, forecast, and grow with confidence.

No more guesswork. No more silos. Just crystal-clear financial visibility. Whether you're in manufacturing, services, or distribution—this is your move.