Modern companies, especially those with a holding, branched, or multi-level structure, face challenges in managing financial data collected from various systems, especially when accounting in branches and divisions is conducted in different currencies.
The financial data consolidation solution based on the Microsoft Dynamics 365 Business Central platform is designed to generate consolidated reports in compliance with Ukrainian standards and IFRS. This is an effective tool for analyzing a company’s financial status and supporting strategic decisions based on real data.
The solution enables management and business owners to obtain comprehensive, reliable financial information across the entire holding, allowing them to make effective managerial decisions.
The system allows financial information from different sources to be consolidated, minimizing manual work and reducing the risk of errors.
Easy transformation of data into a single reporting currency facilitates work with multinational divisions and ensures consistency in financial reports.
The use of analytical dimensions (e.g., by business segments or regions) enables detailed analysis and forecasting.
The platform supports the possibility of integration with leading ERP solutions, including Microsoft Dynamics, SAP, and others, creating a unified information space.
With the audit trail function, all changes are recorded, ensuring compliance with auditors’ requirements and international standards.
Data collection and transformation
Allow accounting data from branches to be transferred for further processing. Flexible data transformation settings enable the creation of consolidated reports according to the requirements of the parent company.
Intercompany transactions
The system allows to keep records of business transactions carried out by branches among themselves, as well as to take into account such internal business transactions in corporate reporting or exclude them when processing data.
Analytics
Comprehensive analysis based on parameters and analytical dimensions.
Reporting
Automatic generation of management reports according to predefined rules, both for individual branches and as consolidated reports in the required currency.
Automation reduces the risk of inaccuracies and enhances confidence in financial statements.
Minimizing manual work allows the team to focus more on strategic tasks.
Accurate and up-to-date information is available in real time, enabling management to respond quickly to current challenges.
IFRS support makes this solution optimal for global companies.
Provides in-depth data analysis based on various parameters such as business directions, regions, projects, or other key business indicators.
Records all changes in financial data and processes, ensuring transparency, compliance with international standards, and trust from auditors.
Automatically converts data into a specified corporate currency for creating unified and consistent financial reporting.
Why choose a Microsoft Dynamics 365-Based solution?
The Microsoft Dynamics 365 Business Central solution combines flexibility, reliability, and scalability. The platform allows functionality adaptation to meet unique business needs while ensuring stable performance for large data volumes.
Do you have questions about financial data consolidation? Would you like to know more information on implementing a financial data consolidation solution based on Dynamics 365 Business Central for your company? Call us at: +38 044 490 22 20 (UA) or +1(302)4672024 (US) or write to erp@innoware.com
As a result of the implementation of Microsoft Dynamics 365 Business Central, Orbico Ukraine received a modern, reliable, and comprehensive ERP system that is unified across the Group and configured in accordance with the requirements of Ukrainian tax and financial legislation.
Thanks to the implementation of Microsoft Dynamics 365 Business Central, Orbico Ukraine received:
Currently, Innoware continues cooperation with Orbico Ukraine, providing support services for Microsoft Dynamics 365 Business Central.
Thanks to the implementation of the Microsoft Dynamics AX ERP system, Elcore Group now has new opportunities, in particular:
Because of the implementation of Microsoft Dynamics AX at ZTR, a unified information environment was created for all divisions of the plant, and that is why the following had become possible:
As a result of ІW HR&Payroll solution implementation, flexible tool for effective organization and HR policy control of the company has been created. In addition to primary functions, solution includes manufacturing operations and documents circulation records taking into account peculiarity of the company’s corporate policy.
Solution ІW HR&Payroll successfully solves the following tasks:
As a result of implementation of the solution, the enterprise has received transparence in commodity transportation organization, the warehouse stockpile has been diminished and the expanses have been reduced. The butter plant management has received a powerful analytical tool to predict the company’s activity, and as a consequence it had a positive effect on establishing productive relations with customers and suppliers.
Microsoft Dynamics 365 Customer Service meets the world level of project management and fully provides a high level of customer service through the provision of comprehensive, coordinated unified services. The solution contains built-in tools and technologies that allow you to develop in accordance with global trends in working with clients, focused on a high, maximally personalized level of service.Today, thanks to the use of a unified internal project management and customer service system developed on the basis of Microsoft Dynamics 365, the Metinvest team can effectively support its internal customers and conduct high-quality IT projects in all divisions of the holding.
Today, the Chamber business development department can use unified data about customers and partners, has the ability to view and analyze all information about communications with them, jointly develop communication activities, analyze the effectiveness of actions, build personalized customer paths, and, as a result, get even more customers and partners.
Today, Innoware specialists provide the American Chamber of Commerce in Ukraine with support services for all customized functionality of CRM applications: Dynamics 365 Sales and Dynamics 365 Marketing.
Thanks to the migration to Microsoft 365 the client was able to effectively organize the workflow with increased staff productivity and reduced costs:
In just a few years, the company has grown from a small team of professionals into a market leader, and in 2020 the leaders of InDevLab faced the question of the need to automate sales management with the further building of a transparent, centralized system of communications with customers.
To ensure one of the most important requirements of the project, namely: the need to quickly launch the system, it was decided to focus on the implementation of the Microsoft Dynamics 365 Sales basic functionality and to minimize possible developments.
Today, the InDevLab team has a convenient, flexible, modern sales management tool, in which all information about potential and existing customers is consolidated, a complete and transparent work history for each of them is reflected, activities are recorded, the effectiveness of the work of managers is tracked, the contract signing process is optimized, the transfer of orders to the sales department is controlled.
The implementation assumed the maximum use of Microsoft Dynamics 365 Sales standard functionality and minimization of programmable modifications.
Today, all information about DONAU LAB UKRAINE clients and transactions is consolidated in a single application. The company’s management has the ability to fully control the sale process at every stage, can assign tasks to employees and monitor their implementation. DONAU LAB UKRAINE specialists received convenient tools for accounting and planning activities and actions when working with clients, which made it possible to significantly simplify interaction with them. The company’s salespeople react much faster and more efficiently to customer requests, which helps to maintain a high level of service and constantly increase customer satisfaction
Dynamics 365 Portals implementation expanded Elcore Group’s online presence. Thanks to the synergy of Microsoft Dynamics 365 Portals with modern ERP and CRM systems (MS Dynamics AX 2012, MS Dynamics 365 for Sales).
On Dynamics 365 Portals self-service portal, on the personal account page, Elcore Group partners can see all the information necessary for productive and convenient work, in particular: the history of orders and settlements, price lists, including partner discounts and prices, invoices for payment, etc. All information is available in the context of dates, invoices, products, order numbers, etc. Based on all these data, any Elcore Group partner can independently form a new order and track the status of an existing one at any time of the day or night, as well as, if necessary, submit an appeal to the Elсore Group service department.
Also, within the framework of the project, the integration of Dynamics 365 Portals with the ZOOMOS. The system allows seeing which supplies detailed information about goods (attributes, descriptions, photographs) for their placement on the Portal.
As the implementation result, the enterprise received the following advantages:
As a result of the project, the client received a reliable solution with a number of opportunities for safe business management:
Thanks to the migration to Microsoft 365, the client now has new opportunities, in particular:
The implementation of IW Document Flow Recognizer: AI Service enables the company’s accounting department not to waste time on manual processing of incoming invoices. Today, the time of automatic processing of one invoice is 10-15 seconds, while an unlimited number of documents can be processed in parallel.
Thanks to the implementation, Intempus Realty specialists process about 1,500 invoices per month, transforming this process from labor-intensive to automated. The main convenience of the solution developed based on AI is that, at the request of the client, the model can be continued to be trained to obtain any necessary information from the invoice, as well as to automate the processing of any other types of documents.
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