Month-end close takes too long
Spreadsheets are sent back and forth, accruals are reconciled by hand, and the figures are rarely ready before day 10.
Back to Roles
CFO & Finance Director
Figures you can trust, without the spreadsheet in between
As CFO you have to give the board, the bank and management a true and fair picture, ideally before day 10. With Business Central, finance, sales and inventory sit in the same database, and consolidation runs in the system. What decides the result is the setup: chart of accounts, dimensions and group structure. We build it together with you.
Everyday challenges
Cash flow is seen in hindsight
When the overdraft facility tightens, it has already happened. There is no single picture of cash flow across the companies.
Consolidation is a spreadsheet project
Companies in several countries, each with its own currency and chart of accounts, are mapped by hand, every single month.
The requirements keep changing
Peppol, e-invoicing to the public sector and new VAT rules have to be in place without operations grinding to a halt.
How Business Central solves it
Cash flow and forecasts
The cash flow forecast draws on open receivables, payables, orders and budget, and the Power BI finance apps show revenue, contribution margin and cash flow. You see due dates and expected payments without asking anyone for a report.
Group consolidation
Consolidate companies in several countries and currencies in Business Central, with intercompany postings and eliminations. We run it for groups with companies in several countries, with a monthly import from subsidiaries. Forrester reports up to 400% faster month-end close among BC customers.
Danish VAT and e-invoicing
The Danish version has Danish VAT, the VAT return and OIOUBL (the Danish e-invoicing format), and Microsoft updates it when the rules change. Excise duties, partial VAT deduction and Peppol via Continia Document Output are where the standard setup needs to be supplemented.
Full audit trail and role-based access
Every posting can be traced to a user and a document, and changes to important fields can be logged. Permissions and approval limits are set per employee, so segregation of duties can be documented to the auditor.
A typical workflow
- 1
You open the Role Center and see cash flow, receivables, payables and variances from budget.
- 2
The subsidiaries' figures have been imported and translated into the group currency.
- 3
You run the consolidation, and the eliminations are posted in the consolidation company.
- 4
Power BI picks up the new figures, and the board pack can go out the same day.
Related content
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