Pelvar: the agentic month-end close for UK groups.
Groups with multiple companies and currencies spend days every month combining their books by hand. Pelvar runs that close with an AI agent. It reconciles the balances between entities, gets the currency right, and writes the result back into the accounts. Audit-ready group accounts in a fraction of the time.
Pelvar group close screen, in-build product UI
Group close, by hand, every month
If you operate a UK group with more than one entity, the month-end consolidation looks roughly the same everywhere. Each entity closes its own books. Someone exports those books into a spreadsheet. Intercompany balances are matched by hand. Currencies are translated by hand. Adjustments are journaled, then re-journaled when something doesn’t tie. The result is a group P&L, balance sheet, and trial balance that an auditor can sign off, produced days after the underlying entity closes.
The accounting itself is well understood. The cost is the volume of repetitive, exact work needed to do it reliably across entities, currencies, and books that don’t sit in the same system.
What Pelvar does
Multi-currency intercompany that balances
Pelvar reconciles intercompany transactions across entities, translates between functional currencies, and surfaces the differences that need a human decision.
Write-back into the books
Pelvar posts elimination, translation, and consolidation entries back into the source accounting system, so the books and the consolidation always agree.
An agent that runs the close
An AI agent runs the workflow end to end on a schedule, asks the team only for the judgement calls a person should make, and produces audit-ready group accounts at the end.
Who it’s for
Designed for
- UK-headquartered groups with two or more operating entities
- Multi-currency books, typically GBP plus at least one of EUR, USD, or NGN
- Finance teams running on Xero today, with NetSuite to follow
- A monthly close with an external auditor signing off the result
Later versions
- Single-entity businesses, where the work is close rather than consolidation
- Groups on a single mid-market ERP
- Single-currency groups within one region
Why we built it
Pelvar started as a problem we saw up close in client work: finance teams losing the first week of every month to a manual group close. We engineered it into a product, an agent for the close, built by people who have run the close.
Design partner enquiries
Pelvar is in build with a small number of design partners. If you run a UK multi-entity group, close monthly, and want to help shape the product, get in touch and we’ll reply within one business day.