Multi-Entity Financial Consolidation for Sri Lanka

The operating system that connects fragmented subsidiaries into one unified financial view. Purpose-built for conglomerates and family offices.

Path A

Direct Platform

Deploy for your group's 5–50 subsidiaries. LKR-first, e-invoicing ready, Central Bank compliant.

Path B

White-Label Partnership

Your brand. Our infrastructure. Offer consolidation-as-a-service to your clients.

Platform Architect & CTO

20+ years – JP Morgan, HSBC, CLSA, Block Inc (Square), VivoPower (NASDAQ), Blocktrust

Built enterprise platforms for $5B+ family offices, $2B+ hedge funds, and NASDAQ-listed enterprises across financial services, blockchain, and regulated industries. 55+ integrated modules in production.

Business Development

15+ years – Goldman Sachs, Macquarie Bank, Segantii Capital ($6B AUM), HexTrust, IMC Trading, Bullish

The Gap No One Fills

Local platforms can't consolidate. International platforms won't localise. This market has been underserved for a decade.

Local Platforms

Sage 300, Tally, Microsoft Dynamics

Designed for single-entity accounting
No native consolidation across subsidiaries
Inter-company eliminations require workarounds
No API readiness for e-invoicing mandates
Each subsidiary typically runs a separate instance

International Platforms

NetSuite, SAP S/4HANA, Addepar

USD-first: LKR is supported but not optimised
Prohibitive cost for Sri Lankan mid-market
No Sri Lankan regulatory templates pre-built
Operating businesses treated as “other assets”
Limited local support (nearest offices in India or Singapore)

Nexara

Consolidation engine built for this market

Multi-entity consolidation across 5–50 subsidiaries
Automated inter-company reconciliation with audit trail
LKR-first with dual-currency (LKR + USD) reporting
Government e-invoicing (RAMIS) API ready
Central Bank, SLFRS 9, Inland Revenue templates built in
Operating businesses as first-class entities
Mid-market pricing with local implementation support

Deep Market Understanding

Operating Businesses Are Core Wealth

Sri Lankan family wealth is 50–80% in operating businesses – plantations, manufacturing, retail. Not portfolio assets.

Global platforms like Addepar treat operating businesses as “other assets” requiring manual valuation updates. A plantation company (Watawala), a retail chain (Arpico), and a cement factory (Tokyo Cement) each need different chart-of-accounts structures, revenue recognition models, and consolidation treatments. Nexara handles operating businesses as first-class entities with real-time P&L, not static valuations.

Currency Complexity

LKR volatility (Rs. 185 to Rs. 370 per USD in two years) means wealth reporting requires both LKR and USD lenses simultaneously.

A family office with Rs. 500M in Colombo real estate and $2M in Singapore equities needs to see both in their native currency AND a consolidated view. LKR fixed deposits (a major allocation for safety) are invisible on USD-first platforms. Nexara reports in LKR natively, with USD translation on demand – not the other way around.

Cultural & Legal Nuances

Partnership deeds, Kandyan law considerations, extended family structures, and Colombo Stock Exchange (CSE) reporting requirements.

Sri Lankan family businesses operate with partnership deed structures, Kandyan law considerations for certain land holdings, trustee board governance, and informal agreements across extended families. Global platforms assume nuclear families with clear wills and US trust structures. Nexara is built for Sri Lankan reality – share dilution modeling for private companies, voting rights tracking, family constitution integration, and beneficial ownership mapping across complex structures.

Built for companies like

Sunshine Holdings CIC Holdings DIMO Tokyo Cement Richard Pieris (Arpico) Haycarb FINCO Holdings IWS Holdings Lalan Group Hemas Holdings

The 2026–2027 Compliance Window

Three regulatory forces are converging. Manual consolidation becomes objectively non-compliant.

April 1, 2026 – Convergence Point

VAT invoice format, Digital Services VAT, SET elimination, and SSCL changes all took effect simultaneously. The original January deadline was pushed back – demonstrating regulatory seriousness while granting preparation time.

RAMIS E-Invoicing

API mandate for all VAT-registered entities. Each subsidiary must integrate independently.

Sri Lanka's National E-Invoicing System requires every business to connect their accounting software directly to RAMIS via API. Real-time invoice submission, not manual filing. For a conglomerate with 10–20 subsidiaries, each entity needs its own API connection, and inter-company invoices must reconcile automatically. Pilot launched 2026 with large taxpayers. Full rollout to ~100,000 entities expected 2026–2027. Penalty: Rs. 100,000+/month per non-compliant entity.

CBSL Enhanced Supervision

Consolidated group reporting. Real-time data feeds. Cross-regulator data sharing.

The Central Bank's 2026 Policy Agenda commits to data-driven supervisory tools and coordinated data-sharing arrangements with other regulators. Financial groups must provide consolidated reporting showing entity interconnections, group-level risk exposure, and Expected Credit Loss (ECL) calculations under SLFRS 9. Even non-financial conglomerates are affected if they have banking subsidiaries or large bank borrowings. The direction is clear: entity-by-entity reporting is no longer sufficient.

Digital Services VAT – 18%

18% VAT on cross-border SaaS, cloud, and digital services. Reverse-charge mechanism required.

From April 1, 2026, Sri Lanka imposes 18% VAT on foreign digital services – including Salesforce, AWS, Microsoft 365. Companies must apply reverse-charge mechanism for all foreign SaaS subscriptions. For a conglomerate using foreign software across 20 subsidiaries, this creates a significant compliance burden – tracking subscriptions, calculating VAT, and claiming input credits across every entity. A group with $500K annual SaaS spend faces Rs. 27M (~$90K) in additional annual VAT.

The convergence is accelerating. CBSL's new cross-regulator data-sharing initiative means consolidated reporting requirements may extend beyond banking groups to cover cross-sectoral financial conglomerates. Companies that modernise now gain a structural advantage over those scrambling to comply later.

The Platform

8 core modules for multi-entity consolidation. 50+ available for future expansion.

Entity Hierarchy Management

Auto-derived entity structures with elimination accounts and inter-company transfer tracking.

Consolidated Financial Reporting

Consolidated balance sheet, P&L, and cash flow across all subsidiaries. Multi-period, multi-currency.

Inter-Company Reconciliation

Automated matching of inter-company transactions. Elimination entries with full audit trail.

Regulatory Compliance Engine

RAMIS API integration, CBSL reporting templates, SLFRS 9 ECL calculations, Digital VAT tracking.

Board Pack Generation

AI-generated monthly board packs from financial reports. Templates and PowerPoint automation.

Service Provider Registry

Centralised contract tracking, renewal reminders, PDPA & data protection compliance. Full vendor lifecycle.

Bank Reconciliation

Multi-bank statement import, automated matching, variance detection, outstanding check tracking.

Credential & Security Management

Secure credential storage for system logins, regulatory portal access, and key custody.

8 modules in focus. 50+ available. Start with what you need. Expand as you grow.

Partnership Model

Your brand. Our infrastructure. A new revenue stream.

Instead of selling directly, partner with a family office, wealth manager, or accounting firm. Implement for your own use case, then white-label the platform and sell downstream to your clients.

Partner implements for their own operations

We customise branding: “[Partner] Consolidation Cloud”

Partner sells to their clients – conglomerates, family offices, SME groups

For the Partner

New recurring SaaS revenue stream
“Tech-enabled” differentiation from competitors
Sticky client relationships through platform lock-in
No development cost – we maintain the platform

Potential channel partners

LYNEAR Wealth Management Capital Alliance (CAL) BDO Partners Baker Tilly Nations Trust Bank DFCC Pinnacle HNB Private Banking Sampath Private Banking KPMG Sri Lanka

The accounting firm that offers consolidation-as-a-service captures the client relationship that SAP and NetSuite can't reach. BDO and Baker Tilly's mid-market clients are the exact companies that need this – and their auditors see the consolidation pain firsthand.

Let's Explore the Opportunity

If you see what we see – a market gap, a regulatory forcing function, and a platform ready to fill it – let's talk.

Contact details available on request.