Import data from multiple sources in a timely fashion
Handle the process to gather financial information from multiple systems to establish a baseline quickly
Less time spent on manual efforts to gather and organize data
Avoid problems caused by performing tasks in different and incompatible systems
Get daily or more frequent updates on intercompany transactions
Easy to edit and update any changes in the group structure
Mitigate human errors
Handle acquisition calculations
Elimination of investments
Amortization/depreciation of surplus value
Calculation of latent tax
Get a full overview of acquisitions, with preview of future transactions
Handle differences with manual entries
Adjust figures when needed using voucher templates
Adjust figures for provisions, different accounting standards etc.
Manual entries in both group companies and elimination entity
Use IFRS or other accounting principles
Recurring manual adjustments and automatic elimination posting and reversing posting in the next period
Automation
Automatic reconciliation
Speed up the reconciliation of intercompany balances
Elimination of intercompany transactions where the subsidiaries meet their counterparts in both legal and management structure
Match transactions and identify the root causes of differences and errors
Users are notified when inconsistencies occur
Access to voucher and other necessary documents
Customers Success
Less time - More Precision
Profitbase has skilled people who know what they are doing. In the past, we used to spend two or three weeks on this type of work. Now we have all the information available, and can get this done in ten minutes.
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