Campfire's Intercompany Consolidation and Automation module eliminates the manual effort of producing consolidated financial statements across complex corporate structures, automating intercompany eliminations, currency translations, and multi entity rollups into a single streamlined workflow.
Reduce consolidation close time by up to 80%, eliminate manual reconciliation errors, ensure continuous compliance with AASB standards, and provide leadership with real time visibility into group financial performance across all entities and jurisdictions.
Campfire's Intercompany Consolidation and Automation module addresses the complexity of managing financial consolidation across multiple entities. The platform automates intercompany transaction matching, elimination entries, and consolidated financial report production while meeting both internal governance and external regulatory requirements.
For Australian companies working with Cynder, this includes managing cross border transactions between Australian parent companies and international subsidiaries, handling currency translation adjustments, and ensuring compliance with AASB consolidation standards. The result is a close process that produces accurate consolidated financials in hours rather than days.
Campfire automates the entire intercompany elimination process by maintaining a real time intercompany ledger that continuously matches transactions between entities as they occur. When Entity A records a sale to Entity B, Campfire automatically identifies the corresponding purchase and flags the pair for elimination during the next consolidation run. The platform handles complex elimination scenarios including intercompany profit in inventory, unrealised gains on asset transfers, and dividend payments between group entities.
For multi currency groups, Campfire calculates the currency translation adjustments required to eliminate intercompany balances recorded in different currencies. For Australian companies with international subsidiaries, Cynder configures elimination rules to account for specific AASB requirements around foreign currency translation, minority interests, and equity method investments.
Campfire's multi entity consolidation capability handles all the complexity of producing consolidated financial statements within a single platform. The system automatically maps entity level accounts to the consolidated chart of accounts, performs currency translations at the appropriate exchange rates, and applies consistent accounting policies across all entities regardless of their individual configurations. Tiered consolidation structures support subsidiaries rolling up into regional groups before rolling up to the parent level.
For Australian parent companies with international subsidiaries, Cynder configures the consolidation rules to comply with AASB 10 for control assessment, AASB 121 for foreign currency translation, and AASB 128 for equity method accounting. Consolidation runs can be executed on demand or scheduled as part of your close process, with results available for review within minutes and every adjustment documented with a clear audit trail.
Campfire's intercompany transaction management provides a centralised platform where all intercompany activity is initiated, tracked, matched, and resolved. When one entity creates an intercompany invoice or transfer, the corresponding entry is automatically generated on the receiving entity's books, ensuring both sides of every transaction are recorded consistently and can be reconciled efficiently during the close process.
The platform supports configurable intercompany pricing rules, transfer pricing documentation, and automated netting of balances to minimise the number of settlement transactions required between entities. Ember AI monitors intercompany transaction patterns and alerts the finance team to potential issues such as unmatched transactions, pricing discrepancies, or unusual volume changes.
Campfire's consolidation reporting delivers a comprehensive suite of reports designed specifically for corporate groups operating under AASB standards. The platform generates consolidated balance sheets, income statements, cash flow statements, and statements of changes in equity that fully comply with AASB 10 presentation requirements. Reports can be produced at multiple levels of the corporate hierarchy with configurable report templates.
Campfire's AI powered analytics layer adds intelligent insights to standard consolidation reports, automatically identifying unusual variances, trending patterns, and potential compliance issues. For Australian listed companies, Cynder configures reporting templates to align with ASX continuous disclosure obligations.
Campfire's Intercompany Consolidation and Automation module transforms group reporting from a painful monthly ordeal into a streamlined, automated process that delivers accurate consolidated financials in hours. Whether you manage two entities or two hundred, Campfire handles multi entity consolidation, intercompany eliminations, currency translations, and regulatory compliance automatically. Book a demo with Cynder today.
