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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

CFOUR is a financial consolidation software designed to streamline inter-company accounting by integrating data from multiple sources into a centralized platform. It enhances collaborative efforts, enabling teams to expedite the consolidation process and generate precise consolidated reports in real-time. By simplifying the familiar consolidation workflow, CFOUR breaks it down into four clear stages. Initially, it gathers data from various sources, including Excel and ERP systems, into a unified data stream. Following that, it stabilizes the compilation of subsidiary accounts to create management accounts. The inter-company reconciliation process is facilitated through journal entries that document and verify inter-company eliminations using an intuitive interface. Subsequently, the subsidiary accounts are consolidated with clarity, providing a comprehensive view of the holding company and enabling the production of consolidated financial statements. Additionally, users can swiftly generate XBRL or iXBRL files for reporting to regulatory bodies like ESMA or in compliance with GAAP, complete with the relevant taxonomy. This innovative approach not only improves efficiency but also enhances accuracy in financial reporting.

Description

As familiarity with legacy consolidation tools wanes within your organization, they become increasingly difficult to support, leading to significant risks in your financial close process. The separation of financial consolidation from financial planning complicates the establishment of a unified source of accurate information. Relying solely on static spreadsheets is inadequate, particularly under the scrutiny of auditors. The process of generating consolidated financial statements should be streamlined, avoiding the pitfalls of being lengthy, manual, and prone to errors. With close cycles shrinking and regulatory demands intensifying, IDL Konsis streamlines finance and accounting operations by eliminating tedious manual tasks, allowing for a faster and more efficient closing process through fully compliant, standardized consolidations that address all aspects of group reporting. This commitment to excellence is a key factor in IDL's strong position within the corporate consolidation sector, ensuring businesses can adapt to evolving financial landscapes effectively.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

DATEV
Eunoia
Microsoft 365
Microsoft Dynamics 365
SAP HANA

Integrations

DATEV
Eunoia
Microsoft 365
Microsoft Dynamics 365
SAP HANA

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

CFOUR

Country

Malta

Website

www.cfour.tech/

Vendor Details

Company Name

insightsoftware

Founded

2000

Country

United States

Website

insightsoftware.com/idl/idl-konsis/

Product Features

Product Features

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Alternatives

Alternatives

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insightsoftware