We have had a pleasant experience working with FinAlyzer, not just the product, but the service the company has provided. They go out of the way to provide solutions and are ready to customize the software to meet our specific requirements

The simplicity and ‘fit for purpose’ design are the best things about the software. The product takes care of the process and control aspects of financial consolidation & reporting. It helps geographically spread teams to easily collaborate and complete the consolidation process effectively and on time. The change management process is easy, as end users find it easy to learn. The users can also customize the reports on their own, and thereby removing ongoing dependence on IT teams. It is a software that businesses can consider for automating their segment wise profitability reporting, entity level management reporting, investor reporting & statutory financial reporting

I loved everything about the software and it is very hard to point this out.

Benefits - it helps us organize the functionalities of having multiple data input and books of accounts. Problems faced - Data optimization when working with huge volume of data Suggestions 1. Single logon – if can be mapped with the entity log on security, I have seen some other cloud tools have this feature enabled. 2. Roll forward feature to carry balances from one financial year to another 3. User level restriction to certain books/segments based on customized authority matrix 4. Training for admin users to use the tool to the fullest extent possible 5. Dynamic creation of reports rather than standard types. Each user will have an unique data set and requirement. The tool at this point doesn't fulfil that potential, I hope in future it will 6. I would personally like manual intervention after go live to be minimal on administering the activity 7. Issue log for all the changes including the admin activities 8. Additional VPN security protocol when data pertaining to large corporate are accessed outside of the company's network. This feature will enable authentication and minimize the impact of social engineering activities.

Potential to be a blockbuster tool. Like the look and feel and certain UIs involved.

Data optimization and indexation. Especially when the data to be processed is voluminous, finding it annoying to wait for the processing to end.

Mainly generating various reports which is helpful for review and analysis purpose

This product takes a lot of time to refresh data if the reporting currency is in USD

Very good & interesting

Flexible & Good view of the report. Easy to download the reports and review. Costwise and implementation wise comparatively cheaper.

Integration difficult when data of the customer is not organised and reconciled

As mentioned above, we are now using FinAlyzer to do our quarterly and yearly consolidations. We are also using it for our Budget Consolidations.

My organisation has been doing multi level consolidations manually using Excel worksheets. We were then introduced to this software and were informed that it could do just exactly what we were doing manually. And indeed it did exactly that! What I liked most about this software was that I could customise the Consolidation reports just the way I desired. I also like the drill down option that this application has. One can just click on a number of an item to see what are the components that make up the total number. The Beyond Square Team has helped us tirelessly in providing a good solution towards our requirement.

There is nothing that I disliked about this software.

Visually appealing interactive dashboards Capability to report under multiple taxonomies ( MIS, IndAS, USGAAP etc..) Consolidation of financial statements, passing elimination entries within this tool Segmental reporting Seamless interface with accounting tools like Tally and Quick books Operational and custom reporting facility Good fit for SME and large finance functions

Can have a more easier set up procedure for the SME segment leading to unassisted (or minimally assisted) implementation process. This canbe a game changer for FinAlyzer in this sector.

Financial Consolidation and Reporting for 4 countries, in 4 local reporting standard requirements. At the group level in IFRS standards. Reporting formats are different for internal management and statutory audit formats. Every requirement is pre-built and configured through single chart of accounts and report mapping requirements. Our reporting timeline has significantly reduced by 4 weeks.

Very user friendly, supports multi accounting standard and pre-built taxonomies. Wins over users with excel output templates. Key pain points of multi-currency consolidation and exchange rate management is effective.

Ability to configure organisation hierarchy in the middle of financial year with multiple changes with multiple effective dates, needs lot of extra effort to manage reporting requirements.

In my experience in dealing with implementations of software platforms, I have come across many instances where the [SENSITIVE CONTENT] Office has spent inordinate amount of time and energy (and money too) and not seeing benefits from their investments in their Financial Consolidation, Analytics and Management Reporting platforms. FinAlyzer, I have found has always been an exception to the rule.

Easy to implement and even more easy to roll out, FinAlyzer puts the reins the hands of the [SENSITIVE CONTENT] by helping them focus on better analysis and informed decision making.

There are not any in particular to list.

FinAlyzer has improved the quality and accuracy of reporting and reduced the overall time taken in our annual close and monthly reporting processes. This has freed up time for analysis, rather than on report preparation.

1. Easily configurable by business use4 2. Simple to navigate and learn 3. Supports all features required by a finance team for MIS reporting & Statutory reporting 4. Supports IndAS, IFRS and other GAAPs 5. Supports forex translation, eliminations and other features of consolidation 6. Supports configuring of rules for automatic allocation of overhead costs for profit-center reporting 7. Rich audit trail

All our requirements are currently met satisfactorily. No cons.

One word - " Excellence"

1. Excellent and brilliant well informed. Everyone was extremely curtious , confident and knowledgable about their product. They have a solution oriented and can do approach to their customers. 2. The software is excellent and seamless, integrated with excel ( bread and butter for a finance guy) so it brings in familiarity and comfort 3. The pricing is very thoughtful and SaaS based

Every software would need to evolve. I would love to see FAR with asset tracking capability ( tagged to user) being offered as an option. Similary, could element of PowerBI , etc ( integrating cabality of taking a feed from PowerBI, Tablue) be possible. Im not a technical guy so please take this suggestion with a pinch of salt. I understand, just like law of gravity, there are limitations to imagination taking wings of flight :-)

I have found FinAlyzer to be a powerhouse platform that has helped CFO’s who are grappling with challenges around Financial Consolidation, Analytics and Management Reporting.

A versatile platform that integrates group reporting, legal reporting, management consolidating and more in compliance with regulatory standards like RBI, SEBI, Ind AS, US GAAP, IRDAI and IFRS, FinAlyzer, I have experienced, is extremely easy to implement. The FinAlyzer team, I have also noticed is extremely customer centric.

Nothing significant here to report

Consolidation made easy with multiple currencies Timely data to Management Savings in processing time before and after using Finalyzer by 1 day.

User friendly, ease to operate and useful for Management decision Processing is faster and time saving User can concentrate in analyzing the data instead of using their time in preparation of data Cost effective

Nothing specific about this product in this category

Good

User friendly in getting data at your finger tips

it will be good if upload sheets are reduced to avoid manual work

Overall my experience with Finalyzer is very good and hope they can bring more softwares

It is very user friendly and simple to use. Apart from this, service from the company is very good.

Not much negative points about it. It is a good software

Ease of use and flexibility in configuration

Limited to GL data Data down issues - minor

Amazing Product

1. Ease of Data migration from TB to Financial Reports 2. Reduction of manual intervention in preparation of financial reports 3. Maintenance of Audit Trials 4. Customization of financial reports

I have nothing to comment in this

It has reduced the time spent on taking TB and grouping the same. The experience on that aspect has very good.

Easy Downloading of TB into A structured format Availability of Trends based on the above

Graphs are not appealing. To make it more MIS friendly software by incorporating many features into it.

Good.

Flexibility for modification and customization

Nothing to mention specifically. But yes, interface needs to get improved with time.

- Audit Trail - Customer Support - Realtime accessibility

- Sometime changes during the audit process is time consuming and cumbersome