Xcope agentClose by company
Close status for each subsidiary, with whatever is still missing for consolidation flagged.
Put AI to workin holding companies.
Every subsidiary's close and the group's cash in one place, with no spreadsheets to stitch together at month end.
The challenge
Group consolidation still comes out of a twelve‑tab spreadsheet.
In a holding company with subsidiaries in several countries, each company closes in its own ERP, sometimes in another currency. Mapping to the group chart of accounts and reconciling intercompany are done by hand, with exports and emails between teams, and treasury lives in a sheet updated every morning from statements downloaded bank by bank.
- 01
Mapping redone every month
Each subsidiary sends its trial balance in its own chart of accounts and someone matches it to the group's. A badly mapped new account only comes to light when the consolidation does not balance.
- 02
Intercompany that will not match
One company invoices in September and the other books it in October, in another currency or for a different amount. The differences get chased by email in close week.
- 03
Cash seen bank by bank
Balances for several companies at several banks, pulled into a sheet by hand every morning. Working out how much headroom is left on the banks' covenants costs a day's work before every meeting.
Day to day
Questions that finally get answers
Which companies have not closed September yet?
How much cash does the group have today, by bank?
Which financing covenants are close to their limit?
Which shared costs still need allocating to the companies?
What transfer pricing documentation do we need to prepare this year?
AI at work
The whole group in one view, updated as each company posts.
AI reads each subsidiary's ERP and maps every trial balance to the group chart of accounts, reconciling intercompany as the month goes on. At close, your team only has to review the exceptions.
Budget variances
Companies off budget, with the cause split between margin and volume.
Group treasury
Available cash by business area, updated every day from each bank's statements.
Bank covenants
Covenant ratios from the financing agreements calculated from the consolidated accounts, with the bank pack reviewed before it goes out.
Illustrative figures.
The data you already have, put to work
We connect to the systems you already have, without replacing them, and you decide which data each agent can read.
Works with what you already use
ERP, CRM, email and documents stay where they are, and nobody has to move to a new system.
Reads and cross‑checks your data
Brings together what is scattered today and finds what does not add up.
Proposes, you approve
Every sensitive action goes to whoever has the authority to approve it.
Acts and keeps a record
Works inside your team's systems and records where every decision came from.
Your first close with AI covers two or three subsidiaries.
We pick the companies with the most intercompany between them and bring in the rest once the mapping is stable.
- 01
Assessment
We map the operation and the data and choose what reaches production first.
- Data sources mapped
- Opportunities assessed
- Scope and plan agreed
- 02
First system in production
We build in the tools you already use and put the system to work on real cases.
- Subsidiary ERPs connected
- Consolidation agent in production
- 03
A team that runs it
Your team takes the system over and we choose the next process together.
- Financial control team trained
- Next process chosen
Our subsidiaries use different ERPs. Is that a problem?
Rarely. We connect to each ERP through its API where there is one, to the database where there is not, or to scheduled exports of the trial balance and account ledgers. The mapping to the group chart of accounts is stored and reviewed whenever it changes.
Does this replace the consolidation software?
No. If you already have one, AI prepares and checks the data that goes into it. If you do not, it helps build the consolidation from the mapped trial balances, with eliminations reviewed by your team.
Who sees what across the group?
The data stays on your infrastructure, with access by company and by role and a log of who looked at what. Each team sees its own company and the holding company sees the consolidated view.
Does it help integrate newly acquired companies?
Yes. Before the deal, it organises the target company's documents for the team reviewing it. Afterwards, it connects the new company's ERP and maps its chart of accounts to bring it into group reporting, with integration decisions always left to your team.
Close next month with intercompany already reconciled.
In a 30-minute call we look at your group structure and each subsidiary's ERP and come away with a first step.
Book a callNot ready for a call yet. I would rather send a question.
Write down the question your operation cannot answer today. We will reply by email with how to get there.
Question received. We will reply by email.
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