Yes. Finnivo® is designed to automate the data collection process and present the consolidated results at various management or statutory entity levels. You will be able to design and easily assemble your annual financial statements based on the final consolidated results.
In Finnivo® you can enforce good practice, efficiency and accuracy through various rules, locking and sign-off processes. This is achieved without needing to introduce cumbersome and rigid work-flow elements throughout the reporting environment. Finnivo® also gives you monitoring tools to track efficiencies and key performance indicators.
No. With Finnivo® you import data from one or more data sources (including your ERP programme) into a separate database. This way the reporting department can be confident that it is working with data from a specific point in time and not a constantly moving target. If you need to process more transactions at source, you can simply update the results in Finnivo® by initiating another import.
Yes. Finnivo® allows you to build in various consolidation or equity accounting rules; manual or automated elimination journals; structure consolidation settings; and automated consolidation and reconciliation between group entities.