Deliver accurate group reporting – on time.
Shorter close cycles
Data Integration
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
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