Group Financial Consolidation Decision Workflow

Close faster without giving up financial control

Special Flanges turns financial consolidation across seven companies into one governed decision workflow. Finance sees what is holding back the close, focuses judgement on material exceptions, and lets repeatable accounting decisions move forward automatically within approved rules.

Situation

Create one trusted financial view without making the close the bottleneck.

Across seven companies, consolidation brings together local accounts, adjustments, intercompany positions and cash-flow information into one consistent group view.

Closing faster matters, but not at the expense of control. Finance needs confidence that material differences have been resolved, accounting treatments are consistent and the final numbers provide a reliable view of profit, cash and intercompany exposure.

As the group scales, the strategic challenge is therefore not simply shortening the reporting cycle. It is strengthening financial control without adding more manual work to every close.

Key challenges

Separate the exceptions that need judgement from the work that should be routine.

Closing entries, accounting harmonisation, intercompany eliminations and cash-flow preparation had to be coordinated consistently across seven entities.

Finance repeatedly had to determine which entities were ready to close, which intercompany differences required intervention, how adjustments should be treated and which issues were material enough to hold back the process.

Some decisions genuinely required accounting judgement. Others followed recurring, predictable rules.

Handling both in the same way created unnecessary manual work, slowed exception resolution and extended the monthly close.

Solution & Benefits

Automate what is repeatable and focus finance on what is material.

Natzka connects local close, group adjustments, reclassification, intercompany elimination, monthly data freezing and indirect cash-flow calculation in one governed consolidation workflow.

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Decision Support

See exactly what is holding back the close

Incomplete entities and accounts, unresolved intercompany balances and other closing exceptions are surfaced in one context. Finance gets a clearer view of what requires attention, what is already complete and where intervention will have the greatest impact on reaching close.

The result is less time reviewing everything with the same intensity and more attention on the issues that can delay or compromise the close.

Human in the Loop

Let AI prepare the work while finance keeps the judgement

AI agents and decision logic prepare matching, elimination, FX and harmonisation entries, then prioritise exceptions according to materiality, risk and closing deadlines.

Finance validates material treatments, resolves exceptions and applies professional judgement where accounting context matters. Preparatory work moves faster without removing accountability from the people responsible for the final numbers.

Decision Automation

Keep recurring accounting decisions moving within approved rules

Immaterial intercompany differences can be resolved automatically, while recurring elimination and FX entries are posted within predefined rules and parameters. The workflow can also advance or stop the close according to completeness, anomalies and materiality thresholds.

Routine transactional decisions no longer wait for repeated manual intervention, while exceptions and higher-risk accounting decisions remain under finance control.

The result

Special Flanges has reduced its monthly consolidation cycle by 30%, cut the time required to resolve closing and intercompany exceptions by 50%, and now matches more than 90% of intercompany balances before final close.