CLOSE AND CONSOLIDATION SOFTWARE
Close and consolidate with confidence.
Take the friction out of your month-end close by moving away from manual processes. Our AI platform automates the complexity and does the heavy lifting, giving you confidence in every report.
WHAT YOU CAN DO
Faster, smarter close and consolidation.
Close faster, consolidate results and create accounting entries in real time. ²ÝÝ®ÊÓƵ AI streamlines the reconciliation and consolidation processes so you can stop moving data around and see the full picture, while it¡¯s happening.
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Global consolidation
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Automated period-end workflows
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Centralised consolidation hub
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Real-time financial reporting
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Complex ownership rules
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AI-powered reconciliation and certification
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Always-on audit trails
Access real-time reporting and analysis
Need real-time access to your financial performance throughout the period? ²ÝÝ®ÊÓƵ close and consolidation provides real-time currency translations, intercompany eliminations, non-controlling interest, equity pickup and retained earnings calculations ¨C whenever you need them.
¡°Since deploying ²ÝÝ®ÊÓƵ, we¡¯ve seen multiple efficiencies in our month-end processes. It used to take more than a week but now it¡¯s just a few days.¡±
Intelligently automate your close process
The financial close is a complex but critical process. ²ÝÝ®ÊÓƵ streamlines closing so you can spend more time analysing results.
Integrate finance data from external systems and enrich, transform and analyse it at scale ¨C all within your system of record.
Our centralised hub provides a comprehensive global view of consolidation tasks, reports and real-time ledger status across your organisation.
Close faster with in-memory accounting and reporting that delivers instant insight, with fewer reconciliations along the way.
Automate consolidation, allocations, translations, eliminations and account reconciliations.
Enable finance to view results throughout the period with real-time reporting that gives you the most accurate view of your financial statements.
Auto-reconciliation instantly links every entry to its source, giving you a seamless audit trail to detect anomalies and close gaps with confidence.
Reconcile accounts the easy way
Manage tasks, track progress and oversee workflows ¨C all in the Reconciliation Hub. AI-powered automation simplifies reconciliations and maintains accuracy, while controls and audit trails keep your data trustworthy and your business compliant.
Gain business insight from your financial system
Say goodbye to the limitations of a traditional accounting code block. ²ÝÝ®ÊÓƵ by any dimension.
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Spend by supplier
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Customer profitability
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Spend by campaign
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Project activity
FAQs.
How does ²ÝÝ®ÊÓƵ consolidate and close software support UK reporting standards (IFRS and UK GAAP)?
²ÝÝ®ÊÓƵ supports UK statutory reporting alongside IFRS through native multi-book, multi-GAAP, multi-chart-of-accounts accounting. Book codes let finance post one transaction and report it under IFRS, UK GAAP or a management basis without duplicating data. Alternate account structures map the corporate chart of accounts to the local statutory formats your UK entities need to file, so group finance runs a single close and each UK entity produces the statutory outputs it submits locally.
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Can ²ÝÝ®ÊÓƵ financial consolidation and close software integrate with common UK ERPs and ledgers?
Yes. Consolidation Data Capture loads summarised trial-balance data from external ERPs ¡ª including SAP, Oracle, Sage, Microsoft Dynamics and NetSuite ¡ª using a defined CSV file format, either uploaded manually from the Consolidation Data Hub or retrieved via SFTP. Mapping tables translate external accounts and worktags into your ²ÝÝ®ÊÓƵ chart of accounts, so UK groups can consolidate non-²ÝÝ®ÊÓƵ entities alongside ²ÝÝ®ÊÓƵ ledgers within one governed close process.
What are typical implementation timelines for UK organisations?
²ÝÝ®ÊÓƵ Financial Management, including close and consolidation, is designed for phased, cloud-based deployment. UK country configurations, preconfigured business processes and the ²ÝÝ®ÊÓƵ business process framework let teams adapt workflows without code, which shortens discovery and testing compared with traditional on-premises ERP programmes. Actual timelines depend on entity count, integrations and the scope of localisation and should be scoped with ²ÝÝ®ÊÓƵ and your delivery partner.
Can ²ÝÝ®ÊÓƵ import and normalise data from non-²ÝÝ®ÊÓƵ general ledgers and third-party systems used by UK subsidiaries?
Yes, through two complementary capabilities. ²ÝÝ®ÊÓƵ Accounting Center ingests high-volume operational data ¡ª such as POS, billing and banking transactions ¡ª and generates auditable journals directly in the ²ÝÝ®ÊÓƵ general ledger, with drill-back to source records. Consolidation Data Capture handles summarised trial balances from acquired or non-²ÝÝ®ÊÓƵ UK entities, applying mapping tables so subsidiary data lands in the correct book, entity and worktag structure ¡ª with error handling and a full audit trail.
²ÝÝ®ÊÓƵ Adaptive Planning is natively connected to ²ÝÝ®ÊÓƵ Financial Management, sharing the same dimensions, data model and security framework. Consolidated actuals flow into planning models without exports or reconciliation lag, so UK FP&A teams can run live variance analysis, reforecasts and what-if scenarios against just-closed numbers. The Planning Agent then surfaces variance drivers and root causes in natural language against those live actuals, moving analysts straight to validation and action.
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Are there UK customer references showing the value of ²ÝÝ®ÊÓƵ for close and consolidation?
Yes. UK public body Innovate UK runs ²ÝÝ®ÊÓƵ Human Capital Management, Financial Management and UK Payroll together, and credits the platform with accelerated monthly processes, automated data-quality checks and better data flow between HR, finance and external bodies including HMRC and pension providers. During the pandemic, Innovate UK more than tripled the grant support it delivered to UK businesses without a proportional increase in cost or headcount. Additional UK customer references are available at workday.com/en-gb/customer-stories.
How does ²ÝÝ®ÊÓƵ help UK finance teams close the books faster?
²ÝÝ®ÊÓƵ delivers continuous accounting in a single cloud system, so transactions from operational sources and non-²ÝÝ®ÊÓƵ subsidiaries are captured, enriched and posted as they happen. That removes the batch reconciliations and data movement that lengthen close cycles in traditional ERP environments. ²ÝÝ®ÊÓƵ customers such as Coventry Building Society have moved to a three-day month-end after standardising on ²ÝÝ®ÊÓƵ Financial Management.
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