Campfire brings together financial data from every entity in your group and produces consolidated financial statements automatically. The platform handles multi-level ownership structures, partial holdings, and complex group hierarchies without manual intervention. Trial balances from each subsidiary are aggregated, intercompany transactions are eliminated, and minority interests are calculated as part of a single streamlined process that replaces spreadsheet-based consolidation.
Unlike traditional consolidation tools that operate on periodic snapshots, Campfire consolidates in real time as transactions flow through the system. Finance teams can view consolidated results at any point during the period and drill down from group-level totals to individual entity transactions. This continuous visibility eliminates the waiting period associated with month-end consolidation runs and enables faster decision-making.
Every consolidated figure produced by Campfire is fully traceable through the elimination and aggregation process back to source entity records. The system maintains a complete audit trail of all consolidation adjustments, currency translations, and ownership calculations. This transparency satisfies both internal governance requirements and external auditor expectations, reducing the time spent on audit queries and period-end reviews.
Why Campfire Stands Out
