Managing finance across multiple countries and entities

Managing finance operations across multiple countries introduced significant complexity for GP Bullhound’s finance team.

Each entity operates under different legal structures, currencies, tax laws, and accounting standards — creating challenges around consolidation and reporting.

“One of the main complexities of the finance function at GP Bullhound comes from having multiple different entities in multiple different countries, all with a different currency and different tax laws and different accounting standards.”

The team needed a way to consolidate reporting efficiently across the group while maintaining visibility across all entities.

“We need to be able to consolidate all our reports in one place.”

A centralised platform for group consolidation and reporting

AccountsIQ provides GP Bullhound with a consolidated finance environment capable of supporting global reporting requirements across the business.

Within AccountsIQ, all entities roll into a central consolidation structure, enabling the team to manage reporting across multiple currencies and jurisdictions more effectively.

“So within AccountsIQ, we have a consolidation company which all our group entities roll up into.”

The platform also supports FX consolidation across GBP, USD, Euro, and other operating currencies, simplifying reporting across international operations.

GP Bullhound also uses an integration between AccountsIQ and FP&A platform Abacum to support wider reporting workflows.

“We also have an integration between AIQ and our FP&A provider, which is a system called Abacum.”