The headaches of Group Reporting (and how to fix them).

Group reporting doesn’t have to be painful. Our tips to cut consolidation time by 100%: Get a multi-entity, multi-currency, and multi-software overview in seconds.

With Riskrate automation, multi-national SMEs can cut 99% of time wasted in Group Reporting.

Group reporting looks simple on paper: collect financials from subsidiaries, consolidate, and present the full picture. But if you're part of a finance team, you know the truth: it’s often a scramble of exports, back-and-forth emails, bookings, a delayed monthly closing, and long nights trying to make numbers match. If month-end feels more like a rescue mission than a routine, this one's for you.

Here are the top 5 group reporting headaches, and how teams are solving them today. Group reporting doesn’t have to be painful. With the right tools and workflows, what used to take weeks can now happen in a minute.

1. Too many bookkeeping software, files, and formats.

One company connects with Netvisor. Another gives you a QuickBooks login. A third emails Excel files with notes in the margins.

Pain point: Manually collecting and converting data from different systems takes hours, every single month.

Fix: Automate the data flow. With tools like Riskrate, you can connect directly to bookkeeping software or upload files. It doesn’t matter if it’s CSV or Excel, everything gets pulled into one clean format automatically.

2. Currency confusion.

All subsidiaries report in different currencies, and someone’s using last month’s exchange rate again.

Pain point: Manual FX conversions are error-prone and take too much time.

Fix: Let tech do the math. Riskrate handles 30 currencies and uses up-to-date ECB exchange rates, converting everything to your group currency during consolidation instantly.

3. Intra-group reconciliation = headaches.

Internal loans, service fees, and recharges cause chaos when one side books it and the other forgets, or records a different amount.

Pain point: Unmatched intra-group entries lead to balance sheet errors and delayed closing.

Fix: Set a monthly process and automate it. With Riskrate, you can reconcile intra-group accounts online, spot mismatches faster than ever before, and avoid the back-and-forth.

4. No shared rules.

Some companies report monthly, others quarterly. Some use accrual, others cash-based. It’s like trying to build a puzzle with pieces from different sets.

Pain point: Inconsistent policies lead to errors and extra work during consolidation.

Fix: Standardize your group’s reporting rules, reporting deadlines, and chart of accounts. Tools like Riskrate help map each company’s local accounts to the group chart automatically.

5. Reporting takes forever.

Collecting, checking, reconciling, converting, and building reports, all by hand, can drag reporting timelines from days to weeks.

Pain point: Delayed reporting slows down decisions and frustrates leadership.

Fix: Automate the full flow, from bookkeeping to board deck. With Riskrate, teams cut 90–99% of the manual work and get real-time group reports whenever needed.

How to cut 99% of the hours spent on group reporting?

Let's talk about how we can help you optimize your processes. Book a meeting with our team here.

1. Automated data collection from any bookkeeping software, CSV, and Excel files in seconds.

2. Instant intra-group reconciliation.

3. Automatic FX conversion up to 30 currencies.

4. Ready-to-share reports for the board, auditors, and investors
   

Group reporting doesn’t have to be painful. With the right tools and workflows, what used to take weeks can now happen in a minute.

Automate all your financial reporting with riskrate.

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