Signup
Signup

Be the first to see the Savant Spring release + sneak peek at what’s next. Register →

  How To Build an AI-Ready Finance Function. Read the Guide →

  On-Demand | See How Rover’s Tax Team Automated Sales Tax Workflows. . Watch Now→

Login
Book a Demo

Financial Consolidation and Close

Financial consolidation and close combines entity results. Automation ensures accuracy and audit readiness.
Back to Glossary

What is Financial Consolidation and Close?

Financial consolidation and close is the integrated process of combining results from multiple entities, eliminating intercompany transactions, and preparing consolidated financial statements at period-end. Automated consolidation and close centralizes submissions, applies mapping and elimination rules, and generates audit-ready outputs.

See also
Previous
Financial Close

Financial close reconciles accounts and generates statements. Automation accelerates cycles and ensures accuracy.
Next
Financial Controls

Financial controls ensure accuracy and compliance. Automation enforces policies and maintains audit trails.