BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

  In a recent conversation, the Chief Accounting Officer of India’s largest private enterprise mentioned that a good financial consolidation software would be of great service to the accounting community. His statement implying indirectly that in his many years of managing accounting for an extraordinarily large and complex organisation, he has still not come across a suitable enterprise platform for consolidation. It is but natural to assume that organizations would rid themselves of long days of manual financial consolidation and labour-intensive management and statutory reporting. The practice of being strapped to one’s chair and spending long hours into these activities must be shunned. Instead, quality time should be spent on analysis and decision making. Before you dive in to avail the perks of a financial consolidation software, it is crucial to know what to expect from the software. While there are many choices, one must exercise prudence in selecting the one that furth...

  Did you know, you can setup journal templates in FinAlyzer, so that you do not have to manually select ledger accounts for passing journal entries. To know more, Visit  https://lnkd.in/fuSKuMq #financialreporting   #financialconsolidation   #cxos   #finance   #financialstatements

  Did you know, you can setup IndAS reporting format with schedules in FinAlyzer. To know more , Visit  https://lnkd.in/fuSKuMq #financialreporting   #financialconsolidation   #cxos   #finance   #audittrail   #financialstatements

Did you know, there is a new option called "Audit Reports" in FinAlyzer. Visit  https://lnkd.in/fuSKuMq  for details. #financialreporting   #financialconsolidation   #cxos   #finance   #auditreports  

Did you know, you can setup automatic eliminations in FinAlyzer.  FinAlyzer will then automatically generate an elimination journal that can be reviewed and posted. Visit  https://lnkd.in/fuSKuMq  for details. #financialreporting   #financialconsolidation   #cxos   #finance  

  In business, there is a policy of contingency that provides a ready cushion in case of unexpected events. However, a global pandemic is seldom on any one’s contingency list. The world was thrown off balance due to Covid-19 and impacted many businesses severely due to the subsequent lockdown. Businesses that were once thriving were now scrambling to protect their employees, analyse the new risks to the market, and manage any further supply chain disruptions to curb the spread of the virus. Health and safety took priority at the cost of a crumbling economy. Small and mid-sized businesses that are typically low on cash reserves and experience inconsistent cash flows became more vulnerable than ever. So, how do we flip this situation in our favour to survive and thrive? Learning from past financial crises, it is wise for businesses to mitigate the ensuing damage from the coronavirus at the earliest and develop a cash management strategy to mitigate overall business risks. Below a...

Did you know, FinAlyzer can help you report actual vs budget reports by cost centre. For details visit :  finalyzer.beyondsquare.com   #financialreporting   #CFO   #CPM   #CIO   #finances   #dashboards   #financialconsolidation   #financialstatements