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Average Ratings 0 Ratings

Total
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

Legal entity management includes the administration, control, and oversight of corporate investments. As businesses become increasingly interconnected, the significance of effective legal entity management continues to escalate. Tailored software solutions can illustrate shifts in a company’s ownership landscape, allowing corporate groups to effectively manage and enhance their investment frameworks. By fostering collaboration among various departments, subsidiaries, and the central office, proficient legal entity management can yield a significant competitive edge. The intricate nature of legal entity management typically spans multiple departments, often involving legal, mergers and acquisitions, taxation, finance, and controlling, and sometimes even a specialized legal entity management team. One department usually assumes a pivotal role in overseeing the legal entity management process, with the specific department varying based on the organizational structure of the group. This collaborative approach not only streamlines operations but also ensures compliance and strategic alignment across the entire organization.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

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 No 
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

zetVisions

Founded

2001

Country

Germany

Website

www.zetvisions.de/en/software-solutions/legal-entity-management/

Product Features

Product Features

Entity Management

Access Control No 
Compliance Management No 
Contract Management No 
Corporate Structure Management No 
Document Assembly No 
Due Date Tracking No 
Electronic Filing No 
Electronic Signature No 
Multi-Jurisdictional No 
Ownership Tracking No 
Records Tracking No 
Registered Agent Services Integration No 
Subsidiary Governance No 
Task Management No 

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