Knowledge Base

When collating information from multiple group entities, source systems, people or time periods, the amount of manual intervention needed when only working in Excel (including copying, pasting, linking and editing), causes you to waste too much time assembling reports and leaves you with too little time to efficiently analyse and present your results.

With Finnivo, data is stored in a secure access-controlled database, instead of being saved to multiple files spread across multiple folders. From here your data can easily be re-called, rolled forward, and compared (between periods).

Other advantages include:

• Standardised templates and report formats;
• Extensive drill-down and analysis capability (deep dive into numbers – in cells within your consolidated reports);
• Automated data collection (no copying or pasting, no dissemination and coordination of multiple files, etc.);
• Generate your final output reports at the click of a button (i.e. management accounts, Annual Financial Statements, PowerPoint presentations, etc.);
• Automated reconciliation of inter-company transactions and currency conversions.

Yes. Dashboards are generated and published in various formats throughout the software.

Finnivo offers user-friendly and flexible tools to create dashboards, empowering users to generate dashboards without the need for technical assistance.

Finnivo is a ‘one-stop shop’ for all your reporting and planning needs. It provides a comprehensive set of functions and features that can be used to automate any/every reporting and planning process within an organisation. There is no limit to the amount of reporting and planning processes that one can use Finnivo for.

For example: You will use the same functions to automate your management accounts as you would for your budgeting and forecasting processes. You also don’t need to activate or pay for additional ‘modules’ when you need to automate a new process.

Data can be imported from various source systems, including any on-premise type ERP platform such as Sage, Accpac, Microsoft Dynamics or Business Central, Syspro, Oracle and many more, as well as cloud-based applications such as Xero, QuickBooks, SAP S/4 Hana, etc. Finnivo can integrate to your source systems, and you’ll also have the option to import from an Excel file extracted from whichever system.

Your final output reports can be published and extracted in various formats, including Excel, Word, PowerPoint or PDF.

Furthermore, Finnivo will allow for data to be exported via database views or customisable API’s.

Yes. Journals can be processed to specific report line items and to specific group entities. These journals can be processed manually, copied forward between periods or even imported in batches. The calculation and posting of journals (including the re-allocation or distribution of amounts) can be fully automated.

Lastly, role-based access, audit trails and journal reports are also available in Finnivo.

Yes, transactional data can be imported into Finnivo. You can be selective over which general ledger accounts you want to import transactional data for (i.e. for all- or for a select few accounts).

Yes, where the same data has been mapped to two different reports, you will be able to import the data to both reports simultaneously. At the time of import, you will be able to select all the report templates it needs to be imported to (if imports have not been set to run automatically on a regular basis).

Trial Balance data can be utilised for both AFS and Monthly Reporting in Finnivo. As the source data (TB data) remains consistent, accommodating both reporting needs simplifies the process.