About Affecto

Affecto is the leading Nordic competence center for creating business value for and with our customers by combining information with insight. We leverage the full data set surrounding organizations, and our services range from information technologies to advanced digital business solutions. Affecto have more than 1.000 employees located in eight countries – Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and Poland.

Affecto have 15 years of experiences providing Corporate Management Solution based on the best softwares in the market. 3 years ago our dedicated finance team found interest in delivering our CFO services based on the Jedox platform.

Solutions description

Financial Consolidation & Close is part of the Affecto CFO-Suite. With our user-friendly best practice, automated cloud solution for financial consolidation and month-end closing you can speed up your closing process and free time for analysis and business partnering.

The out-of-the-box functionality include journal entry, local adjustments, multi-currency translations, complex ownership structure, balance copy opening, intercompany matching, validations, automatic eliminations, income- and balance sheet statements, KPIs, and management reporting. All elements are supported by fast-close processes that will lead users through their tasks for speedier closing. Complete with overview of the close process and including security setup and work status for locking of data.

Affecto cloud Financial Consolidation will be configured with Your chart of account, entity structure, departments, currencies, users, process, colors, and language during the initial setup – all ready to be used by You and Your team.

Benefits of the partner solution for the customer

The out of the box solution will provide You and Your team a fully functional consolidation within weeks. The user-friendly solution with work flow will give the client the possibility to close the month or year speedier than ever, and with KPI and management reporting have platform for communicating the results throughout your organization.

Besides the implementation of the solution configured with your chart of account and ownership structure. Affecto will provide you with the necessary training package for you to maximize the value from day 1.

The solution is installed on an MS azure cloud to maximize the stability and security of your consolidated results.Pricing will be “as a service” with a monthly user price depended on the number users including the software, hosting and monthly support.The consolidation solution is part of suite of solutions and is the natural first step in developing a full Corporate Performance Management solution for your company.

Key features of the partner solution powered by Jedox

Business Logic:

Currency conversion, Ownership calculation, Intercompany elimination, Investment/Equity adjustments, Minority/Non-controlling interests, Multi-level consolidation, KPI’s and ratio, Accounting validations

Data integration:

Exchange rates import from ECB, ERP finance module integration, File uploads

Reports & input forms:

Financial statements, Management reports, KPI and workflow dashboards, P&L and balance adjustments, Intercompany specification and matching, Non-financial input and reporting, Checks, validations, and other

Features:

SaaS cloud solution, Small, medium and large enterprise sizes, Journal entry, Workflow and process management, Process controlled data locking, Audit-trails and monitoring

 

Try Jedox On-Premises Try Jedox Cloud

Additional information

Department Finance
Industry
Region

Related Solutions

This solution was created by our partner Affecto powered by Jedox.

Screenshots