Rebuilding financial consolidation for a regional holding group
How we turned a spreadsheet-driven, nine-day month-end close into a real-time consolidation platform used by 40 finance professionals daily.
36h
Month-end close, down from 9 days
99.98%
Ledger accuracy at audit
40
Daily active finance users
0
Spreadsheets left in the close
The challenge
The client managed 23 subsidiaries across 4 currencies with consolidation living in linked spreadsheets. Month-end close took nine days, errors surfaced weeks later, and auditors billed for untangling it. Previous vendors had proposed off-the-shelf ERPs that would force the group to change how it operated.
The approach
- 01
Three-week discovery embedded with the finance team, mapping every journal flow before writing code.
- 02
An event-sourced ledger core so every balance is traceable to its source transactions — the feature auditors ended up loving most.
- 03
Incremental rollout entity by entity, running parallel to spreadsheets for two closes before cut-over.
- 04
Real-time FX revaluation and inter-company elimination, previously a two-day manual exercise.
“They understood our close process better than some of our own controllers. The system simply mirrors how the group actually works.”
Group CFO
Ledgerly holding company
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