Consolidation Premium

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Overview

Consolidation Premium is Planful’s advanced consolidation solution designed to simplify, automate, and enhance complex financial consolidation processes. Built to replace traditional consolidation methods, it delivers more flexibility, accuracy, and transparency for global businesses managing multi-entity structures.

With capabilities such as multi-currency reporting, dynamic sub-consolidations, automated eliminations, and an interactive ownership visualization tool, Consolidation Premium enables finance teams to handle changing ownership structures, regulatory requirements, and multi-level reporting, all without manual workarounds.

Consolidation Premium introduces a visual, group-based consolidation model via the Org Chart tab, replacing rigid hierarchy management with a more intuitive, flexible, and scenario-based approach. This empowers organizations to consolidate at multiple levels, adjust structures dynamically, and instantly reflect changes across financial statements.

Note:
You must contact the Planful Support team to enable the Consolidation Premium feature.

Key Benefits

Consolidation Premium offers the following benefits:

Multi-Currency Reporting Flexibility - Translate local currency balances into parent reporting currency based on the group's currency.
Dynamic Consolidations - Consolidate at the group-level of the organizational structure with full visibility into sub-entity relationships.
Automated Eliminations - Reduce manual work and improve accuracy with automated multi-level elimination entries, including flow and balance-based rules.
Automated NCI-External Calculation - Automatically calculate and post external shareholder data, removing the need for manual configuration.
Simplified Ownership Management - Manage multiple ownership hierarchies across groups. Adjust for mergers, acquisitions, or ownership changes over periods using import and export functionalities.
Interactive Visualization - Use the Org Chart for a visual, period-specific representation of ownership. View or edit details in real time.
Enhanced Reporting Capabilities - Generate management, statutory, and audit reports for a standalone company or for a group-ownership structure.
Requirement-Based Group Structures - Create group structures based on geography, product lines, or legal entities. Assign entities to multiple groups simultaneously.
Independent Data and Process Locking - Gain greater control by locking standalone data separately from the consolidation process, enabling more flexible workflows and secure period-end management.

Consolidation vs Consolidation Premium

Functionality	Consolidation	Consolidation Premium
Local Currency to Reporting Currency	Consolidation at parent/sub-level local currency only in USD.	Assign desired currency to a group and report in your preferred currency. Automatically translates local balances to the reporting currency using average (P&L), closing (Balance Sheet), and historical rates (Equity).
Consolidation Process	Based only on hierarchy.	Parent entities can consolidate sub-entities with clear visibility.
Eliminations Process	Performs multi-level eliminations at any parent level; posted to ELIM companies separately.	Automated and flexible, performs multi-level eliminations at any parent level with postings to ELIM companies separately.
NCI (Non-Controlling Interest) - External Calculations	Manual configuration at the Entity and Account dimensions level.	Fully automated and flexible.
Ownership Structure	Limited to company hierarchy.	Consolidates companies or entities into one or more groups based on ownership, supporting changing relationships and percentages over time.
Ownership Chart & Visualization	Not Available	Interactive table and pie chart views, editable in the entity fly-out or via import/export. Supports centralized or decentralized access and entity fly-out process actions.
Flexible Reporting	Limited to company hierarchy.	Combine multiple consolidated groups across all hierarchies for management and statutory reporting. Automatically adjusts statements as the organization’s structure changes over time.
Working Paper Report	Not Available	Provides a detailed, entity- and group-level view of balances, adjustments, and reconciliations to support accurate period-end close.
Intercompany Matching Report	Not Available	Identifies and reconciles mismatches in intercompany transactions, highlighting variances for accurate eliminations.
Data Locking vs Process Locking	Single lock applied to both data entry and consolidation process, limiting flexibility.	Separate controls for data locking and consolidation process locking, protecting data during consolidation reruns, or permitting new data loads without impacting the consolidation status.

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What's Next

Consolidation Premium Configuration Prerequisites

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