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14+ of the best financial consolidation tools [2025]

Cube Software

What is financial consolidation? Financial consolidation is the practice of combining financial data from multiple business entities into a single, unified set of financial statements.

IFRS 52
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The Role of IFRS in Simplifying Cross-Border Financial Reporting 

CFO Talks

Being IFRS-compliant means that a company follows a set of internationally recognised accounting rules when preparing its financial statements. These rules, set by the International Accounting Standards Board (IASB), are designed to make financial reports clear, comparable, and reliable.

IFRS 52
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Quickbooks Integrations for Better Connectivity and Reporting

The Finance Weekly

All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. Key Features Datarails Connect offers AI-powered financial data analysis within Excel, providing real-time insights and easing IT burdens.

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How to Simplify Consolidated Financial Statements

Planful

A 2017 study on Business Intelligence in Consolidation of Financial Statements showed that while spreadsheets can be adequate for a simple consolidation “involving few entities, single-level, and currency,” it’s best to implement a “dedicated consolidation software” for a complex structure of businesses.