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Description
Greatwill is a Finnish software solution designed specifically for the creation of consolidated financial statements in compliance with the Finnish Accounting Act (FAS, Finnish GAAP). It simplifies the consolidation process by organizing it into group events, where each event corresponds to a concise form, allowing for the automatic generation of elimination entries, reconciliations, and the consolidation worksheet based on the information provided in these forms.
Each group event has its dedicated form, which includes scenarios such as founding and acquiring a subsidiary, managing intra-group income and expenses, handling receivables and payables, accounting for unrealized margins in both inventory and fixed assets, processing intra-group dividends, and addressing translation differences for foreign subsidiaries. Additionally, the software manages minority interests, facilitates the transfer of depreciation differences and tax-based reserves to equity along with deferred tax considerations, and incorporates equity-method accounting for associates, as well as transactions involving the sale or merger of a subsidiary. Importantly, each form is streamlined to request only the necessary information, while automatically managing aspects like exchange rates, tax implications, and minority shares to enhance efficiency. This comprehensive approach not only saves time but also reduces the likelihood of errors in financial reporting.
Description
Quickly establish your operations with integrated best practice features, which include dynamic calculations. Minimize the need for extensive customization, as essential financial statements like cash flow, balance sheet, and income statement are calculated automatically, along with rollovers and calls to action. Streamline the process of meeting global reporting standards, such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), by utilizing a ready-made consolidation model. Enhance the accuracy and efficiency of your closing process by reclassifying, adjusting, and eliminating data across any hierarchy, thanks to built-in consolidation capabilities. Effortlessly manage the complexities of legal and management rollups that may have distinct calculation and reporting needs. Take control of the closing process by automatically monitoring critical metrics throughout the organization. You have the option to utilize pre-existing calculations or effortlessly develop bespoke solutions tailored to your business's unique requirements, ensuring that all aspects of your financial reporting are handled efficiently and effectively. This ensures that you can focus on strategic decision-making while maintaining compliance with necessary standards.
API Access
Has API
API Access
Has API
Integrations
Artificio
Pricing Details
$3,500/year
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
Greatwill Oy
Founded
2024
Country
Finland
Website
greatwill.fi
Vendor Details
Company Name
Oracle
Country
United States
Website
www.oracle.com/performance-management/financial-consolidation-close/