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.