Shared Service Financial Consolidation

Shared Service Financial Consolidation

Automate financial consolidation across shared services to reduce duplication and ensure clarity.

Why automate?

Organizations using shared services (e.g., IT, HR, procurement) must allocate costs fairly across departments or entities. Manual consolidations often involve conflicting data sources, late entries, or unclear cost attribution. Cflow routes shared service reports and cost entries through a structured review and approval process. Departments can confirm their usage, accept allocations, or raise disputes—all within one workflow. Finance gains an audit-ready trail and improved consolidation timelines.

Cflow Automation Benefits:

Usage-Based Approval Routing:

Departments approve cost attribution entries based on service usage or consumption metrics.

Automated Dispute Handling:

Disagreements are routed to controllers with documentation for quick resolution.

Transparent Cost Allocation:

Everyone involved can see how costs were split and approved, improving acceptance.

Faster Consolidation Cycles:

Eliminate time-consuming reconciliation by tracking approvals in real time.

Transform & streamline business processes with cloud BPM & workflow automation software.

Join 100k + Users Who Are Already Using Cflow

“I’m really impressed with the support provided by Cflow. There has never been a time when they have kept me waiting. A product that is simple to use and a team that is smart and extremely fast are factors that help me feel reassured and confident.”

Ronald Tibay

Ronald Tibay

Senior IT Manager @ NutriAsia, Inc

“The WFH environment during the COVID-19 pandemic made it clear how inefficient our processes were. Cflow allowed us to digitize paper forms with automated workflows. If you can envision a tool for an online workflow, it can be done in Cflow!”

Stephanie Duncan

Stephanie Duncan

Registrar @ Freed-Hardeman University

“We are extremely liking CFlow. So far any issues that we’ve had once we contacted support they were able to help us resolve the issue. This has helped us take a paper process and replace it, faster and more streamlined now for us.”

Bradley Wilkins

Bradley Wilkins

Director of Technology @Hazel Park School

Frequently Asked Questions

What is shared service financial consolidation?

A process that centralizes financial operations across multiple business units.

What are the main challenges in shared service financial consolidation?

Ensuring consistent reporting, integrating financial systems, and managing intercompany transactions.

How can institutions streamline shared service financial consolidation?

By using centralized ERP systems, automating data consolidation, and standardizing financial processes.

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