Financial consolidation is the process of combining financial data from several entities within an organization, for their reporting purposes. Business owner typically needs a diverse set of skills to succeed, including deep market knowledge, effective management of business operations and hard work. With that in mind financial consolidation report is one of the way to increase group of company’s sales and profits.
The economy growth in developing countries such as Indonesia and India increased in the last decade. Along with that, the development of fintech also increased. Alternative financing is needed to stimulate the economy. In particular, for the micro small and medium enterprises (SMEs). Since there are still many SMEs are having difficulties to gain access to bank, therefore financing models such as financial technology (fintech) is required to reach them.