Financial statement consolidation software is an automated system used by business owners and accountants to manage the process of generating consolidated financial statements for large organizations. This type of software simplifies the work of taking the individual company results from a variety of subsidiaries and combining them into one single report. By automating the process, businesses can realize higher accuracy and quicker production times compared to manual approaches, while also eliminating tedious and repetitive data entry tasks. Consolidation software helps businesses save time and money, while also providing insight into their financial situation at a glance.