Consolidation and Elimination Close

Overview

This Starter Kit helps consolidation teams complete entity eliminations accurately and on time by fully matching intercompany transactions before consolidation runs, applying consistent elimination entries across the entity hierarchy, and maintaining a real-time view of close status.

In addition to core workflows, this kit includes guidance for effectively using AI tools alongside the workflows to enhance output.

What problem does it solve?

Intercompany discrepancies frequently appear during the consolidation process, forcing teams to manually reconcile balances across entity ledgers and prepare elimination entries under tight close timelines.

What’s included?

• Pre-Consolidation Intercompany Matcher. Matches intercompany transactions before consolidation runs so breaks are resolved before they create rework downstream.
• Entity-Consistent Elimination Entry Builder. Generates elimination entries consistently across all legal entities so the process is repeatable and auditable.
• Multi-Currency Translation Handler. Applies currency translation rules systematically so translation errors do not compound across the consolidated financials.
• Entity Structure Change Updater. Reflects legal entity structure changes in consolidation rules promptly so reporting stays aligned with the current hierarchy.
• Consolidation Close Status Dashboard. Provides real-time visibility into close status across the full entity hierarchy so the consolidation team can intervene early.
• Optional AI Guidance. Learn how to generate financial commentary using AI.

Extending your workflow with AI

This Starter Kit is AI-ready, meaning it’s designed to help you leverage AI tools more effectively with structured, analysis-ready data. With this Starter Kit, you can:

• Prepare high-quality, structured data ideal for LLMs
• Apply AI tools more effectively and consistently
• Combine deterministic analytics with generative AI for enhanced outputs

How it works:

• Build and run the Alteryx workflow to prepare and analyze your data
• Export structured outputs
• Use the included guidance to input results into your preferred LLM

How to use this Starter Kit?

After downloading, you’ll be redirected to our How to Use Starter Kits page for step-by-step guidance on installing, locating, and exploring Starter Kits in Alteryx.