Publish consolidated financial statements for the first time
Until recently, because of its own size and the size of its subsidiaries, PBS, a subsidiary of PMU, was exempted from having to consolidate its accounts. Because it exceeded these thresholds, PBS Group is now legally required to consolidate its accounts. PMU had never published consolidated financial statements and wanted a simple tool backed by a responsive Support team in the event of problems. PMU therefore sought the help of one of its certified public accountants. Recognized by the market, Viareport was one of the software publishers they recommended. After a comparative analysis, PMU decided to go with Viareport.
● Use a simple easy-to-adopt tool to publish consolidated financial statements for the first time
● Enjoy improved data accuracy and quality in daily operations
● Identify the impact of each component, namely for different currency transactions
● Perform step consolidations for PMU and all of its subsidiaries
● Save time in establishing and checking consolidated accounts
● Rely on the expertise of a responsive Help Desk
A simple easy-to-adopt tool to publish consolidated financial statements for the first time
" We chose the SaaS-based solution. Compared to other more complex tools we have, it was very quick to install. Adoption was easy. In addition to the two days of training initially recommended by Viareport, we added another two days in order to ensure that we fully mastered the application. "
" We wanted a simple tool. Prior to this, we were only producing a combination of accounts in Excel for PMU. We needed an intuitive reliable solution that would provide an audit trail to show the origin of each item of data.
As our consolidation is audited, it was vital for us to see the relationship between the data entered and consolidated amounts. "
" The application is able to satisfy our different needs perfectly. We also expected the Help Desk to be highly responsive and we were not disappointed as their service fully met our requirements. We are highly satisfied with daily operations in Conso & Report. "
" Our scope is limited but quite complex, especially with transactions in different currencies. With
this application, we can easily see the impact of each element. Viareport also helped us produce the
combination of accounts for step consolidation including the PMU and all of its subsidiaries. This
helped us save time in production and control. As the application is easy to adopt, we will soon be
asking subsidiaries in the PBS Group to enter or import their own packages in Viareport. "
" On the whole, the process for standardizing the charts of accounts is reliable and easy enough. The tool is easy to understand. We can see clearly how consolidated accounts are mapped with local accounts from our subsidiaries. As regards the interface, it’s a good application. "
Conso & Report
With Conso & Report, Viareport highlights its expertise in both software development and financial consolidation by improving on the user experience Conso & Report provides a solution to issues reported by SaaS-based customers, such as incompatibility with modern browsers, complex navigation and a non-intuitive interface with too many screens. Conso & Report is available in our Finance Cloud.