Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
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
No
API Access
Has API
No
Integrations
DATEV
No
Microsoft Dynamics 365
No
SAP HANA
No
Pricing Details
$3,500/year
Free Trial
Yes
Free Version
No
Pricing Details
No price information available.
Free Trial
No
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
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Greatwill Oy
Founded
2024
Country
Finland
Website
greatwill.fi
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
No
Audit Trail
No
Balance Sheet
No
Cash Management
No
Consolidation / Roll-Up
No
Forecasting
No
General Ledger
No
Income Statements
No
Multi-Company
No
Multi-Department / Project
No
Profit / Loss Statement
No