Consolidation software enables you to centralise and aggregate the financial data of several legal entities to produce a coherent group view. For an SME CFO managing several companies, subsidiaries, or holdings, manual consolidation on Excel is a considerable source of errors and time loss. Okimia offers native cash consolidation: each entity is connected to its banks, flows aggregate automatically, and you switch from the individual view to the group view in one click, without manual reconciliation.

Excel has structural limitations for consolidation: scattered files, fragile formulas, absence of automatic controls, and high risk of inconsistencies between entities. For a CFO consolidating several companies, each update is a risk. Consolidation software like Okimia automates data retrieval, applies the same categorisation rules to all entities, and produces a reliable group view in real time. You gain reliability, reactivity, and reduce time spent on low-value tasks.

Traceability is at the core of good consolidation software. Okimia keeps a complete flow history per entity, with the categorisation applied, transfers made, and interco movements. Auditors have a clear audit trail without having to reconstruct data from multiple files. Differentiated access rights per entity ensure that each stakeholder only sees what concerns them, which reinforces internal control without adding to operational processes.

Statutory accounting consolidation aims to produce financial statements compliant with legal standards (IFRS, PCG) for the entire group. Cash consolidation, on the other hand, focuses on real and forecast cash flows to manage the group's liquidity on a daily basis. These two approaches are complementary and not interchangeable. Okimia covers cash consolidation in real time: cash position by entity, group forecast, intra-group flow management. For statutory consolidation, Okimia integrates with the accounting tools that produce legal statements.