PlaniFi Consolidations
As financial consolidation software, it keeps consolidation rules, eliminations, roll forwards, cash flow and top-side journals in the same place your team already plans and reports from.
What you get
Statutory and management consolidation in one application
Eliminations, minority interest, CTA and automated cash flow
Any structured general ledger source, SAP or not
On SAP Analytics Cloud, with SAP Datasphere underneath
What the Financial Consolidation Software Delivers
What changes for the finance team that owns the close, rather than a list of features.
Statutory and management, nothing bolted on
The statutory consolidation for the external numbers and the management consolidation for how leadership manages the business come out of the same application. No third-party product is required to produce the group numbers or the statements that come off them.
One set of numbers, not three
Planning, analytics and consolidation work together, so nothing is shuffled between tools to make them agree.
Entities and group close together
Group and entities work the same governed process with one audit trail, instead of waiting on submissions.
The whole close in one place
Close status lives in the same model as the numbers, so where the close stands is not a separate spreadsheet.
The close, end to end
Five Stages, One Platform
The group close has five stages, and PlaniFi carries all five on one platform. You add the applications your close needs.
The general ledger is the system of record for entity-level accounting, and it can post some elimination entries, but it is not a group consolidation and reporting tool. Multiple ERPs and multiple local GAAPs have to come together somewhere, and that is what financial consolidation software is for.
The core process. All five stages come with PlaniFi Consolidations.
included in PlaniFi Consolidations Optional an add-on, attached to the stage it extends
From your ledgers
SAP S/4HANA
Other ERPs
Entity close
Local books closed in the ERP. PlaniFi carries the workflow, the ownership and the status.
- Close calendar and workflow
- Beginning balance carry forward
Validation and reconciliation
Balances checked and tied out before they consolidate.
- Month-end validation reporting
- Roll forwards tied to the general ledger
PlaniFi Account Reconciliation
Certifies account balances in a uniform cycle, with the review recorded.
Intercompany
Differences found, explained and agreed between trading entities.
- Intercompany matching report
- Eliminations at the common parent
Consolidation
Eliminations, minority interest, constant currency, CTA, automated cash flow and top-side journals.
- Standard journal entries
- FX, non-controlling interest and CTA
- Automated cash flow
PlaniFi Advanced Journal Entries
Batch and Excel entry, for groups where top-side journals are a large part of the close.
Group reporting
Statements, report books and commentary against the numbers.
- Consolidated statements and report books
- Approve and lock the period
For leadership
P&L
Balance sheet
Cash flow
How the group close moves through PlaniFi Consolidations. Not a product screen.
From Close to Reporting
The actuals you consolidate here feed PlaniFi Financial Statement Reporting, where they sit next to plan and forecast in the P&L, balance sheet and cash flow your leadership team reviews.
Three Process Flows, Each With Its Own Workflow
Each flow has a workflow that carries the sequence, the ownership and the status, so every role sees where its own part stands without asking.
Setup and administration
Consolidation manager: FX rates, the close calendar, the workflow itself and beginning balance carry forward.
Entity submission
Local controllers: statistical inputs, trial balance, intercompany matching and eliminations at the common parent, validation controls, roll forwards and automated cash flow.
Group consolidation
Corporate: FX overrides, non-controlling interest, the consolidation calculation, matrix consolidation, publishing the report book and locking the period.
What Comes in the Application
Seven parts come with PlaniFi Consolidations. Five optional add-ons extend it, so you take the ones your close needs.
Included part of PlaniFi Consolidations Optional add-on, taken when your close needs it
In the application
Consolidated statements and management reporting Included
Income statement, balance sheet and automated cash flow, at both local and group level.
Journal entries (standard) Included
Top-side and management journals: create, post, unpost, lock and auto reverse, each with a unique journal ID, change history and stored comments. Drill from any figure to the journals behind it, in original and converted currency.
Eliminations and intercompany matching Included
Legal, management and tax eliminations, segment eliminations, and the intercompany matching report that feeds them.
Supplemental inputs and roll forwards Included
Statistical data such as headcount and product, roll forward schedules and cash flow adjustments.
Month-end validation reporting Included
Checks that the balance sheet balances, statistical inputs are entered, roll forwards tie to the general ledger and elimination accounts balance.
Consolidation calculations and configuration Included
FX rates, non-controlling interest, cash flow configuration and elimination configuration.
Approve and lock historical data Included
Periods are closed and locked, so a published number does not quietly change afterward.
Optional, add what your close needs
PlaniFi Data Consolidator Optional
Finance owns the mapping: rules with ranges and wildcards, a coverage check for every unmapped record, and drill back from any group account to the local accounts. Needed when your entities sit on more than one ERP. Now on SAP Store.
PlaniFi Intercompany Matching and Reconciliation Optional
Harmonizes mismatched charts of accounts, master data and partner identifiers first, then matches by amount.
PlaniFi Account Reconciliation Optional
Certifies that account balances are supported, in a uniform cycle every period, with the review recorded.
PlaniFi Month-End Close Agent Optional
Works through the close steps in a fixed order, every month, with the status next to the numbers.
PlaniFi Advanced Journal Entries Optional
Top-side journals entered in a batch or loaded from Excel, on top of the standard journal entries, for groups where top-side entries are a large part of the close.
Where AI Fits in the Close
The steps repeat every month and the data is already governed, so AI has somewhere obvious to land.
Agents that work the process
PlaniFi Month-End Close Agent
The agent handles the administrative side of your month-end close inside SAP Analytics Cloud: it restricts the period, proves the model is ready, opens the period for the close team, then returns it to restricted and locks it once two people have signed. Your team still owns the accounting.
If a readiness check fails, the period does not open.
See the Month-End Close AgentSAP Business AI, embedded in the process
SAP’s own AI, including SAP Joule, works inside the platform your close already uses: same data, same security model. As an SAP Sell partner, we help you buy the SAP licensing you need.
AI in how we deliver it
We apply AI to how we configure, test and document the application, so your team spends its time on the accounting rather than the tooling. How we use AI
Where It Sits
PlaniFi Consolidations is one application in the PlaniFi EPM line on SAP Analytics Cloud, with SAP Datasphere underneath, both inside SAP Business Data Cloud. As financial consolidation software, it shares the architecture, the interfaces and the licensing of the rest of the line.
SAP Business Data Cloud
SAP Analytics Cloud
SAP Datasphere
Harmonized models and data products. One copy of the data, no replication.
Any structured general ledger source is supported, with standard accounts and the dimensions consolidation needs: company, profit center, cost center and flow.
Find PlaniFi Consolidations and our other PlaniFi applications on the SAP Store.
Learn More
Where your consolidated numbers go next, and the rest of the suite.
Prefer to Calculate in SAP S/4HANA?
The alternative engine
SAP Group Reporting
If you would rather calculate the consolidation in SAP S/4HANA, SAP Group Reporting replaces the calculation engine inside PlaniFi Consolidations with its own. SimpleFi’s pre-built consolidation content can be transported into the Group Reporting engine, and PlaniFi EPM on SAP Analytics Cloud stays on top for the reporting.
SimpleFi delivers it for you.
See SAP Group ReportingSee It Against Your Own Close
Thirty minutes, your close calendar, and an honest view of whether this fits. No deck. Prefer email? Write to contact@simplefisolutions.com.