LeapZipBlog: BeyondSquare FinAlyzer's blog: Financial Consolidation Tools In India

Financial Consolidation Tools In India

August 29, 2019 by BeyondSquare FinAlyzer  

Beyond square Finalyzer is a fast, cost-effective & easy to use tool that effortlessly consolidates & converts financial data to actionable insights. BeyondSquare Solutions is an IT products and services company founded to bring about innovative FinTech products and solutions for the finance & accounting office. BeyondSquare's flagship product, FinAlyzer acts as a catalyst for CFO reporting in multi-entity organizations, covering integrated group reporting, legal & management consolidation & segment wise profitability reporting. FinAlyzer effortlessly converts financial data to actionable insights with decision analytics, KPIs, insights, predictive forecasting and benchmarks. Our Objective: Bringing Innovation and Efficiency to the F&A Office. Our Mission: Develop high performance, innovative & cost-effective solutions for the F&A office to free skilled bandwidth for pursuing strategic business goals. Understanding the problem • 90% of organizations use manual processes for financial consolidation, business critical MIS, financial performance dashboards & statutory financial reporting • It takes considerable time after monthly book close to prepare management reports making the data less useful for actionable insights & decision making • The process is manual, and thereby prone to errors and is time-consuming • Implementing traditional EPM solutions is time consuming and expensive FinAlyzer - Financial consolidation, analysis and reporting • Simplify Financial Analysis through dashboards & management reports • Aid Decision Making through cash, revenue & profit forecasts • Measure Financial Health & Provide Timely Alerts • Give exposure to key information like revenue, expenses, profit, cash reserves, sales, trends & projections • Automatically Generate Bank & Regulatory Reports The FinAlyzer Offerings Out-of-the-box: • Financial & Operational Performance monitoring dashboards for tracking of KPIs • Get notified on hits & misses through alerts & easy to understand commentary • Decision support through intuitive forecasts • Segment wise slicing & dicing of revenue/P&L • Canned & customized MIS Custom Offerings Custom Add-Ons: • Complex customized reports & dashboards • Automatic allocation of costs • Book keeping module • Statutory Consolidation • Foreign Exchange Translation • Multi-GAAP financial reporting • Other regulatory reports Key Advantages • Implementing FinAlyzer takes half the time and a fraction of the cost compared to traditional EPM solutions • A unified platform to automate all aspects of management & statutory financial consolidation & reporting • FinAlyzer helps reduce consolidation cycle by over 75%. Spend more time on analysis and less time on data preparation • Scheduled interface helps in straight through processing, reporting & keeping the data current • Complex multi-level hierarchies in different currencies and alternate reporting hierachies can be easily consolidated with a single click • Eliminate compliance risks and huge compliance costs, through fast and accurate reporting • Automate inter-company eliminations and time-consuming inter-company reconciliations • Rich profitability & cost analysis by various business segments and flexible cost allocation for better alignment of resource & cost drivers