Diamant Software
Bielefeld accounting and controlling suite with group consolidation, Konzernabschluss and EU-hosted cloud
Quick Overview
| Company | Diamant Software GmbH |
|---|---|
| Category | Financial Reporting Software |
| Headquarters | Bielefeld, Germany |
| Founded | Not stated |
| EU Presence | Yes - Germany (EU) |
| Data Location | Certified data centres in the EU and EFTA regions |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | Not stated |
| Main Features | General ledger, group accounting, full, multi-level, proportional and equity consolidation, intercompany postings, eliminations, reporting with drill-down to voucher, financial planning |
| Pricing | Pricing on request |
| Best For | German-speaking groups consolidating several legal entities in one ledger system |
| Replaces | Workiva, group consolidation spreadsheets |
Detailed Review
Diamant Software GmbH is registered at the Amtsgericht Bielefeld (HRB 43313), and its imprint names four managing directors. Diamant/4 is first an accounting system, and group consolidation is a module on top of the ledger.
That makes it different from Workiva, which sits on top of existing systems. Diamant replaces the ledger and the consolidation step together.
Legal Consolidation
The group accounting page lists full consolidation, multi-level consolidation, proportional consolidation, equity consolidation and first, subsequent and final consolidation. Automated rebookings and eliminations support what the vendor calls a fast close.
The module is described as GoBD-compliant and attested to the IDW PS 880 standard.
Reporting Across Clients
Reports can span clients and financial years, with drill-down from a figure to the voucher in the originating client. The vendor says Diamant/4 can also supply data to Excel.
Cloud and Certifications
The trust centre says all data is processed in certified data centres within the EU and EFTA regions. It states that cloud operation is attested to BSI C5 (PS 860) and that the internal control system meets ISAE 3402.
Limitations to Consider
The website and product pages are in German, and the product is built around German accounting rules such as GoBD, so groups outside the German-speaking market need to check local fit. No prices are published. It is an accounting suite rather than a disclosure tool, and it does not list XBRL or ESEF tagging, for which CoreFiling is the specialist.
Who Should Use Diamant Software
Mid-sized German-speaking groups that want ledger, consolidation and management reporting under one German vendor with EU data centres.
Pros and Cons
Pros
- Several consolidation methods listed
- Drill-down from reports to vouchers
- EU and EFTA data centres
- BSI C5 attestation and ISAE 3402 stated
- German managing directors and register entry published
Cons
- German-language website
- No public pricing
- No XBRL or ESEF tagging listed
- Replaces the ledger rather than adding to it
Alternatives to Diamant Software
Other European financial reporting software worth comparing before you decide:
Lucanet
Germany · Financial consolidation, planning and disclosure management in one platform
Jedox
Germany · Planning, budgeting and reporting in one Excel-friendly model
CoreFiling
United Kingdom · XBRL, iXBRL and ESEF tagging and filing software
Board International
Switzerland · Planning, reporting and analytics on one no-code platform
See all European financial reporting software or compare them directly against Workiva on our alternatives page.
Frequently Asked Questions
The vendor lists full, multi-level, proportional and equity consolidation, plus first, subsequent and final consolidation.
The trust centre says in certified data centres within the EU and EFTA regions.
The product pages checked do not list XBRL or ESEF tagging. A filing tool such as CoreFiling would sit next to it.