Konsolidator, a software provider of financial consolidation, has established a new department, Konsolidator BI.

This strategic move broadens Konsolidator’s value proposition to include advanced reporting and analytics alongside financial consolidation. As of May 1, 2024, Konsolidator’s former Head of Professional and Technical Services has accepted the position as Head of Konsolidator BI.

Konsolidator BI® is one of Konsolidator’s growth initiatives, first mentioned in the annual report 2023. The growth initiative aims to enhance Konsolidator’s value proposition of being the preferred consolidation tool throughout the entire user journey – from closing the books to reconciling and analyzing the numbers to providing comprehensive financial reporting and management insights. The launch of a new department follows the high demand that Konsolidator has seen since introducing Konsolidator BI® to its existing customers.

This advanced reporting and analytics addition offers a unique value offering. It enables access to data from various sources, all tailored to the needs of its customers. Furthermore, it caters to organizations of all sizes and complexities that want to gain more insight into and present data from Konsolidator and their ERP systems in the best and most efficient way.

Konsolidator BI® is offered in three sizes – Essential, Advanced, and Enterprise BI solutions. Essential represents the plug-and-play solution for the new customer in the BI universe, where the two larger solutions give the possibility to drill down to transactional data through a tailormade data warehouse solution to meet any customer requirements.

Konsolidator introduced the new Konsolidator BI® solution to existing customers in April 2024 and expects the first project to be signed within this quarter.

CEO Claus Finderup Grove comments:

“Adding advanced reporting and analytics to our consolidation software strengthens our competitive edge further. We are already known in the market as a leading consolidation tool. With reporting and analytics, we become even more attractive to users seeking complete financial management solutions. We know our data quality is strong, and building a reporting tool on top of it promises our customers efficiency and security in numbers.“