Automated Intercompany Eliminations
Intercompany transactions are tagged at source and eliminated automatically at consolidation. No spreadsheet matching. No manual journal entries. Elimination differences flagged instantly.
Core Finance
Multi-Entity Consolidation
Consolidate dozens of entities across currencies, jurisdictions, and accounting standards — in minutes. Nexus automates intercompany eliminations, currency translation, and minority interest calculations so your group close is never the bottleneck.
Group close reduced from weeks to hours
Key Capabilities
What Multi-Entity Consolidation does
Multi-Currency Translation
Functional to presentation currency translation using closing rate, average rate, and historical rate — as required by GAAP and IFRS. CTA (cumulative translation adjustment) calculated automatically.
Minority Interest & Equity Method
Partial ownership, equity method investments, and non-controlling interests — all handled. Complex group structures with multiple ownership layers supported.
Consolidation Journal Overlay
Post group-level adjustments (goodwill amortization, fair value adjustments, purchase price allocation) without touching subsidiary books. Full audit trail on every overlay.
Group Financial Statements
Consolidated P&L, balance sheet, and cash flow statement generated at the push of a button. Segment reporting (ASC 280 / IFRS 8). Management vs. statutory view toggle.
Ownership & Structure Management
Define your group structure, ownership percentages, and consolidation rules. Change ownership dates handled correctly — pro-rata periods, step acquisitions, disposals.
How It Works
- 1
Define Structure
Set up your entity hierarchy, ownership percentages, functional currencies, and consolidation rules. Update structure when you acquire or dispose of entities.
- 2
Close Subsidiaries
Each subsidiary closes in their own books. Data flows automatically to the consolidation layer — no manual data entry, no file imports.
- 3
Consolidate & Report
Intercompany eliminations and currency translation run automatically. Review exceptions, post overlay journals, and generate the group pack — all in the same workflow.
Compliance & Standards
GAAP (ASC 810 — Consolidation)IFRS (IFRS 10 — Consolidated Financial Statements)IFRS (IAS 21 — Effects of Changes in Foreign Exchange Rates)ASC 280 / IFRS 8 (Segment Reporting)
Available for:Mid-MarketEnterprise
Key Outcomes
Group close
time reduced by 70%
Zero manual
intercompany reconciliation
Board pack
generated in under 30 minutes