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.
As often as one chooses to import the source data. You can either configure Finnivo® to extract the data at periodic intervals or on demand as and when required.
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.
Yes. You can make any changes or even build new reporting applications yourself without needing to contract consultants. Finnivo® is the only fully self-maintainable system available on the market.
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