Financial reporting, consolidation and budgeting system

Emfino begins with the straightforward set-up of Group Chart of Accounts (COA) and Dimension Structure. This essential step guarantees consistent data quality validation, standardizes the presentation of financial information across your entire organization, and establishes a shared understanding of reporting requirements among your employees. It’s your first step to improved reporting and enhanced budget management.

This unique Emfino feature is the ideal financial management solution for global businesses. There are 10 automated foreign currency translation strategies in Emfino for instant local-to-reporting currency conversion.  The system allows you to customize currency translation strategies for each account in the Group Chart of Accounts (COA), providing a tailored solution for accurate and efficient multi-currency financial management.

Emfino’s custom financial tools include a smooth and efficient monthly closing process to save you time. It features a 2 or 3 level sign-off system designed for easy use by both subsidiaries and holding companies.

If you need a budgeting software that will help you stay on top of your finances, Emfino is the perfect option for you. Emfino’s budgeting tool not only offers detailed bottom-up and high-level budgeting perspectives, but also ensures that budgets align with actuals and are automatically integrated into reports for performance analysis and variance commenting. And because Emfino offers complete flexibility of custom user permissions, each of your team members can enjoy a secure and tailored budgeting experience.

When it comes to financial reporting, it’s crucial to work with up-to-date data. That’s why Emfino conducts automated daily data imports from a wide range of sources, including accounting systems (transaction report & Trial Balance), ERP systems, CRM, and BI tools. The software also supports manual data imports from spreadsheets to ensure comprehensive coverage of your financial and business data. The data source for each company may be different - there is no need for a single global ERP system.

Emfino’s automated reporting software includes the option to implement rules-based IFRS, GAAP or Group reporting adjustments alongside cost allocation bookings. This ensures automated reporting meeting Statutory, IFRS, GAAP, or Group requirements, as well as enables accurate activity-based costing and precise profitability analysis, which are critical for making strategic financial decisions.

Emfino offers accurate automated solutions for Statutory, IFRS, GAAP, Group and Management reporting. With the option to use predefined reporting templates or set up your own custom reports using Emfino’s simple Report Builder feature, you can quickly and easily create a report that’s perfect for your business (e.g., Cash Flow report). This efficient reporting tool includes comment fields in the reports to provide crucial context for your data and variances, giving you a detailed overview of your finances. Plus, its handy data snapshot feature allows you to capture and label specific data points, like 'Investor Report Q3', enabling later comparisons between these saved Checkpoints and updated actuals to easily track and identify changes over time.

We know that not every member of your team needs access to each aspect of your company’s finances. That’s why Emfino offers tailored access permissions for data administration, viewing, budgeting and variance commenting based on legal entities, system modules, reports, chart of accounts (COA), and dimensional structures. This ensures secure and efficient data management, with your team able to access everything they need.

Emfino is financial reporting software that prioritizes data integrity and accuracy. Its automated, built-in, and customizable data validation and import checks ensure that only accurate and consistent data enters the system. It’s an elegant and efficient solution for reliable reporting.

Emfino allows for a streamlined rules-based, multi-level invoice and transaction approval process. This tailored finance solution cleverly offers to configure approval rights by Chart of Accounts (COA) entries, dimensions, and transaction values, ensuring secure and accurate approval of invoices.

Looking for advanced automated consolidation software? With options for automated and rules-based consolidation elimination entries by both accounts and dimensions, Emfino allows you to view consolidated results even in custom reports, providing the crucial insights needed to make informed financial decisions.  Emfino’s user-friendly interface allows for automated intra-group transaction reconciliation, giving you a comprehensive view of corrections needed.