Accounting and consolidation
Several companies in one system, with consolidated statements.
- Multiple companies and currencies
- Intercompany transactions
- Consolidation
- Chart of accounts and dimensions
Industries · Financial services
Accurate figures for management, auditors and regulators
Non-bank lenders, leasing companies, insurance brokers and holding companies deal with high transaction volumes, branches and reporting requirements. Business Central handles accounting, treasury, budgets and internal control. Loan portfolios, lease contracts or policies stay in your core system, and Business Central receives the accounting entries from it.
In financial services, trust starts with clean books
A month-end close that takes two weeks, a difference between the core system and the ledger that nobody can explain, an auditor's report pieced together from five files. When every transaction lands in one ledger, with clear rules and a history of every change, the figures can be explained at any time.
Challenges
Key Challenges for Financial Companies
Common situations at lending, leasing and insurance companies.
- Data from the core system reaches accounting manually or late
- Month-end close means days of reconciliations
- Reporting requirements change and reports are rebuilt in Excel
- The group's companies and branches are consolidated by hand
- Nobody knows who changed an entry and when
- Profitability by product, branch or agent is not visible in time
What Business Central covers
Accounting, treasury and control in one system
Standard Business Central features for financial companies. The link to your core system and the format of mandatory reports are analysed in the project.
Treasury and settlements
Bank accounts, payments and cash flow under control.
- Bank statement reconciliation
- Payments with approval
- Cash flow forecast
- Settlements with partners and agents
Budgets and profitability
Revenue and costs by product, branch and channel.
- Dimensions: product, branch, agent
- Budgets and actuals
- Allocation of shared costs
- Reports in Excel and Power BI
Internal control and audit
Who did what and when, without digging through e-mails.
- Role-based access rights
- Approval workflows
- Change history
- Closed posting periods
Benefits
What a financial company gains
Results depend on your processes and data quality. Here is what becomes possible.
Faster month-end close
Entries from the core system arrive without manual copying, and reconciliations happen in the system, not in spreadsheets.
Answers ready for the audit
Every amount has a document, an author and a date, so auditors can see where it comes from.
Profitability of every product
Revenue and costs are visible by product, branch and agent, not just in total.
Next step
From the first estimate to a working system
We support you from the first estimate to life after go-live.
Estimate the cost
An indicative budget in a few minutes, based on your answers.
Learn moreImplementation and migration
Clear stages, verified data and go-live on the agreed date.
Learn moreTraining
Every employee learns the tasks of their role.
Learn moreSupport
Help after go-live and further development of the system.
Learn more First step
Start from the business processes, not from licenses
Enter a few company parameters and instantly receive a preliminary project estimate.