Combine group company figures effortlessly
Ready-made integrations with all the most common financial management software make it easy to combine figures. In Finadeck's group environment, you can easily combine the actual and budget figures of the subsidiaries activated in Finadeck and of any subsidiary groups.
When defining the group structure, you can enter in Finadeck information on when the subsidiaries are included in the group, the % ownership and any changes in ownership, which will allow Finadeck to automatically calculate the impact of minority interests and associates on the group's result and balance sheet.
Let automation handle eliminations
The elimination of intra-group transfers is achieved by excluding the intra-group transfer accounts of each group company in the group accounting rules. The figures for foreign companies can be translated into Finadeck either using an automatic rate extracted by Finadeck from the Bank of Finland's interface or using a manually set rate. In the automatic exchange rate, Finadeck translates the results of foreign companies into the group at the average rate and the balance sheet at the month-end rate.
One-off eliminations, such as cost calculations and eliminations that cannot be carried out under the group's accounting rules, can be accounted for within the group by entering the elimination entries in an affiliated elimination company.
Automate Group reporting
Create the consolidated reports you want, such as Consolidated Sheet, with an easy-to-use report builder built in Finadeck, which you can use to select the columns and variables you want for your reports and to complete the visual appearance of the reports. You can also automate the monthly submissions of your own reports to people you want.
