FinReCo

consolidated data for financial reporting and controlling that does not require manually editing and rewriting Excel spreadsheets

uniform financial terminology 
for the parent company and its local representatives, for all its subsidiaries and related companies   

transparent approval processes, including automated workflow and access rights management (IAM – identity and access management) 

Financial directors and management

Thanks to the single and unified source of truth provided by FinReCo, they have their 
financial reporting fully under control

Controllers

Thanks to FinReCo, they have acquired certainty 
in detailed analyses of reported numbers,
whether these are examined according to products, customers, countries, branches, or any other view

Online any day and at any time – your management will always have up-to-date financial numbers available for strategic decision-making.

Uniform results – three different controllers will obtain three identical responses to three independent queries on the income statement.

Much faster income statements – you will shorten the time it takes to finish your management income statement, including data collection, from three weeks to three days.

Logical reporting – your business logic will move into your reporting and will not just reside in the heads and spreadsheets of your controllers, whose absence or departure will consequently not endanger your company.

Business analysis and support – your controllers will be able to start analyzing and supporting the business instead of concentrating on the unpopular collection and connection of Excel spreadsheets.

Transparency
Everyone can see exactly which data are included in a consolidated item.

Flexibility in procurement
Choose a solution or service precisely according to your needs and preferences.

Full automation
Changes are automatically shown in all instances, without any need for manual intervention.

Independence from the IT department
Controllers and financial managers can work with FinReCo independently, without calling on the IT department for help.

Auditable, reliable inputs
You can confidently use Adastra FinReCo calculations for independent audits or state inspections.