Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
The buzz surrounding SAP S/4HANA for Group Reporting is entirely justified, as this innovative Group Accounting solution from SAP emphasizes that effective group reporting transcends mere consolidation. For over a decade, we have adopted this philosophy alongside various consolidation tools through our SAP add-on, ConVista ConsPrep. By focusing on vital tasks within the record-to-report process, we facilitate seamless data flow and reduce the need for manual adjustments. Our methodology emphasizes a cohesive process that spans from the initial recording of accounting data in individual financial statements to the final consolidated report. Furthermore, ConVista ConsPrep is recognized as a SAP-certified software package, and its adaptable architecture allows the integration of standard software benefits while accommodating specific client needs effectively. This ensures that organizations can achieve both efficiency and customization in their reporting processes.
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.
API Access
Has API
No
API Access
Has API
No
Integrations
SAP HANA
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$3,500/year
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
Convista
Founded
1999
Country
Germany
Website
www.convista.com/en/insights/details/convista-consprep/
Vendor Details
Company Name
Greatwill Oy
Founded
2024
Country
Finland
Website
greatwill.fi
Product Features
Financial Management
Budgeting & Forecasting
No
Cash Management
No
Consolidation / Roll-Up
No
Currency Management
No
Financial Reporting
No
Investment Management
No
Project Management
No
Revenue Recognition
No
Risk Management
No
Tax Management
No