Corvenia offers an AI‑driven consolidation platform that automates account mapping, intercompany eliminations, currency conversion, and anomaly detection directly from existing ERP and accounting systems.
Funding
Funding not disclosed
Founders
Product
Problem
Financial controllers in multi-entity organizations spend extensive time manually exporting trial balances, reconciling intercompany transactions, and rebuilding consolidation reports, which delays insight and increases the risk of errors. Traditional consolidation software requires lengthy, costly implementation projects and forces users into proprietary interfaces, further slowing decision‑making.
Solution
Corvenia delivers an AI‑driven consolidation platform that automates account mapping, intercompany eliminations, currency conversion, and anomaly detection directly from existing ERP and accounting systems. The solution connects new entities within hours, eliminating the 6‑12 month rollout typical of legacy tools. Consolidated data is presented in a familiar data layer that can be accessed through Corvenia’s interface, Excel, or Power BI, allowing finance teams to continue using their preferred analysis tools. All automated actions are routed for controller approval, ensuring compliance and auditability. The platform supports plug‑and‑play integrations with major ERP systems and offers configurable reporting to match specific business requirements.
Target Audience
Primary customers are finance departments of multi‑entity corporations, private equity firms, family offices, and real‑estate holdings that need fast, accurate consolidation while retaining use of existing reporting tools.
Features
- AI‑powered account mapping and intercompany matching that reduces manual effort and error rates
- Automatic currency conversion and real‑time consolidation across multi‑entity, multi‑region structures
- Anomaly detection alerts to highlight potential data issues before reporting
- Seamless integration with popular ERP and accounting systems (e.g., Visma, Tripletex, Xledger, Fortnox, QuickBooks) via a plug‑and‑play data lake
- Exportable data layer compatible with Excel, Power BI, and API access for custom analytics
- Controller‑approved workflow that maintains compliance and audit trails
- Guided onboarding and ongoing support to ensure rapid deployment without technical expertise