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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

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

Subsidiary accounting journals can be seamlessly imported or uploaded in any compatible format with your accounting software. Rephop retains a record of all business combination and asset sale transactions entered during consolidation. Transactions from subsidiaries that operate in foreign currencies are converted to group currency using daily exchange rates. Utilizing advanced machine learning techniques, we identify intergroup transactions from the imported data. With just a few clicks, you can access your financial figures. If you've encountered consolidation errors in the past, our expert consultants are ready to assist you. Designed with CFOs in mind, Rephop is user-friendly and requires minimal training, as the interface is intuitive and self-explanatory. Regardless of the type of consolidation transaction you need to document, Rephop allows you to do so effortlessly. Remarkably, this powerful tool remains lightweight and efficient, ensuring it does not overwhelm users.

API Access

Has API

API Access

Has API

Screenshots View All

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Screenshots View All

Integrations

No details available.

Integrations

No details available.

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

Rephop

Founded

2014

Country

Estonia

Website

www.rephop.com

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

No Alternatives