It's time to automate consolidation and simplify multi-dimensional reporting
Multi-company (or fund, SPV) accounting can present monthly consolidation challenges for many finance teams who rely on spreadsheets to collate subsidiary accounts. AccountsIQ's multi-company accounting software reduces errors and provides real time information with drill-down capability to subsidiary level. It also blends your GL coding with detailed BI analysis to give you all the insights you need to make better decisions.
Join our webinar on Thursday 19th May, 11am to learn how you could save a huge amount of time producing consolidated management reporting like Apera Asset Management and Thermatic Technical.
This Webinar covers:
- Problems with consolidating accounts
- The software marketplace
- Automated consolidation
- Intercompany recharges
- Minority interests
- Multicurrency consolidation
- Consolidated reporting
Apera Asset Management Case study
Solving the accounting needs of a multi-entity, international business, Rob Shaw, CFO of Apera Asset Management chose to move from Xero to AccountsIQ when consolidation became too cumbersome and international jurisdiction requirements became too complex. Rob explains, “I was looking for a Xero equivalent but more turbo-charged in its ability to do consolidation, meet the requirements of multiple jurisdictions, and handle foreign exchange. AccountsIQ seems to tick more boxes than other systems designed for businesses like ours.”
Read our Apera Capital case study
Thermatic Technical Case study
Fast-growing engineering group, Thermatic, opens new world of multi-dimensional management reporting with AccountsIQ.
Thermatic Technical provides Mechanical, Electrical, Heating, Drainage, Ventilation, Air-Conditioning, and Refrigeration (HVACR) services to large multi-site commercial customers across the UK.
"We’ve been growing so much, we now have thousands of transactions every month,” explains Finance Director, Natalie Hopkins. “We were using Sage 50, but it was too slow for such high volumes and took an age to run reports. When I looked at Xero, I knew we’d have a similar issue within a year.”
It was a frustration shared by Thermatic’s Management Accountant, Heather Stockton, who discovered AccountsIQ through the Digital Accountancy Forum having researched: ‘What do you do when you’ve outgrown Xero?’ The answer that kept popping up in response was: ‘Take a look at AccountsIQ’.
Read the Thermatic Technical Case study.
You might also be interested in
Award-winning cloud accounting software for multi-company businesses.