Use CasesFinancial Consolidation

Consolidation that ties out every month, without the spreadsheet grind.

Roll up every entity, ERP, and currency into one group-level P&L. Set up your intercompany eliminations and currency translation once. Drivetrain applies them every close, with every number traceable to its journal entry.

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The Solution

From scattered entities to one P&L you trust

[ 01 ]

Connect your sources.

Bring in GL data from every entity, whether they're on different instances of one ERP or different ERPs. Connect your FX provider the same way: via API, or manually.

[ 02 ]

Normalize to one chart of accounts.

Build a normalized chart of accounts from every entity's GL. Leverage AI to classify your accounts logically instead of mapping hundreds of accounts across entities by hand.

[ 03 ]

Turn on multi-currency consolidation.

Set the reporting, constant, and local currency for each entity. Drivetrain translates every transaction into your reporting currency, runs exchange-rate gains and losses, and auto-computes CTA.

[ 04 ]

Set up intercompany eliminations.

Tag your intercompany accounts and set your elimination rules once, at the account, transaction, or lump-sum level. Drivetrain posts the eliminations automatically every close.

[ 05 ]

Analyze and share.

Slice your consolidated statements by any dimension or currency type. Use AI to run BvA, drill into any number to find the root cause, and share board-ready reports without rebuilding the deck every quarter.

Why Drivetrain

Why finance leaders trust Drivetrain’s financial consolidation capabilities

Native consolidation, not a custom project.

Consolidation is a native capability on Drivetrain. Connect your data, configure your rules, and go live in weeks, not months.

Owned by finance.

Models use Excel-based formulas, and AI helps build and edit them, so you're not dependent on consultants to set them up or change them later.

Audit-ready, always.

Every change is auditable, and any number can be drilled down to the transaction level. Build statutory and management views easily with numbers you can trust.

“Our monthly close process took over a week. Post implementation, we now have instant access to our data and the various transformations and adjustments are handled automatically in the background with no more reconciliation issues.”

Kevin BuckleyVP of FP&A

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FAQ

Your questions, answered

Still have questions?Talk to us

We've tried multi-entity consolidation tools before, and they couldn't deliver. How is Drivetrain different?

Most tools that claim to do multi-entity consolidation fail for one of two reasons: months of consultant-led setup before they work, or they roll numbers up without really consolidating them, so nothing ties. Drivetrain is different on both counts.Consolidation on Drivetrain is a native module, not a custom project. You connect your ERPs, normalize to one chart of accounts, and set each entity's reporting, constant, and local currency and your elimination rules once. You're live in weeks, not months. And it actually consolidates. Every entity translates at the rate you set per statement, CTA is computed from the translation rather than plugged, and intercompany eliminations are auto-calculated every close, so everything ties.

Are intercompany eliminations automated, or do I have to run them manually each period?

Intercompany eliminations are automated on Drivetrain. Tag your intercompany accounts and set the elimination rules once, at the entity or account level. Drivetrain runs the eliminations every time you generate the report, so you don’t have to calculate them manually each month.

How does currency translation work, and can we use our own rates instead of standard market rates?

You can bring your own rates from your ERP, an FX provider, or a rate table you control. Set the rate type per statement (average for the P&L, closing for the balance sheet, historical for equity). Drivetrain translates every entity into your reporting currency, runs exchange-rate gains and losses, and computes CTA from the translation.

Our entities aren't all on the same ERP. Some are on NetSuite, one is on QuickBooks, and one still sends us an Excel file every month. Can Drivetrain handle that?

Absolutely. You can connect different ERPs or multiple instances of the same ERP. Drivetrain has native connectors for NetSuite, QuickBooks, and several other ERPs (see the full list here). You can also bring in data via Google Sheets or CSV upload. Drivetrain normalizes every entity's GL to one chart of accounts.

Does Drivetrain handle partial eliminations?

Yes. You can set up partial eliminations at the account level, the transaction level, or by any other dimension available in your general ledger.

Our last FP&A tool took months to implement and left us dependent on a consultant. How long does Drivetrain take, and who has to run it?

With Drivetrain, you can go live in weeks, not months. We implement with you directly, with no third-party SI partner. Because the formulas are Excel-based and consolidation is native, your finance team can own and maintain it without the support of any external consultant.

Still consolidating in spreadsheets every month?

Fewer exports, fewer errors, and a faster close across every entity.

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