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What is Greatwill?

Greatwill is a software solution from Finland designed to facilitate the development of consolidated financial statements that adhere to the Finnish Accounting Act (FAS, Finnish GAAP). By structuring the consolidation process into distinct group events, each linked to a specific form, it enables the automatic generation of necessary elimination entries, reconciliations, and the overall consolidation worksheet from the data inputted into these forms. Every group event features its own specialized form that addresses various scenarios, including the establishment and acquisition of subsidiaries, managing intra-group transactions, handling receivables and payables, accounting for unrealized profits in inventory and fixed assets, and managing intra-group dividends, along with the translation differences for foreign subsidiaries. The software also oversees minority interests, facilitates the transfer of depreciation variations and tax reserves to equity, accounts for deferred tax implications, and employs equity-method accounting for associated entities, as well as transactions related to the sale or merger of subsidiaries. Each form is intentionally designed to collect only essential information, while simultaneously automating the management of factors such as exchange rates, tax consequences, and minority interests, thereby promoting efficiency. This all-encompassing strategy not only streamlines the process but also minimizes the potential for errors in financial reporting, ultimately leading to more reliable financial statements. With its user-friendly interface, Greatwill further enhances usability for financial professionals.

What is FloQast?

FloQast offers a revolutionary accounting platform that leverages artificial intelligence to automate and optimize the financial closing process. By seamlessly integrating with current tools, it significantly improves the efficiency of tasks such as account reconciliation, financial reporting, and audit procedures. The AI-driven agents assist accounting professionals in matching transactions and pinpointing inefficiencies, which empowers accountants to shift their focus from routine data preparation to higher-level strategic management. Furthermore, FloQast includes features for real-time collaboration and progress tracking, enabling accounting teams to provide quicker and more precise outcomes while minimizing operational challenges. This innovative approach ultimately transforms the way accounting teams function, paving the way for a more streamlined financial workflow.

Media

Media

Integrations Supported

Integrations Supported

Egnyte
Microsoft Dynamics 365
Microsoft Excel
Microsoft OneDrive
NetSuite
Oracle Fusion Cloud ERP
SAP ERP
Sage Intacct
Slack
Tray.ai
Workiva
Yardi Breeze

API Availability

API Availability

Pricing Information

$3,500/year
Free Trial Offered?

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Greatwill Oy

Date Founded

2024

Company Location

Finland

Company Website

greatwill.fi

Company Facts

Organization Name

FloQast

Date Founded

2013

Company Location

United States

Company Website

floqast.com

Categories and Features

Categories and Features

Accounting

Bank Reconciliation
Multi-Currency
Nonprofits
Purchase Orders

AI Accounting

Not specified

AI Accounting Agents

Not specified

Business Performance Management

Ad Hoc Reports
Ad hoc Analysis
Dashboard
Key Performance Indicators
Strategic Planning

Financial Close

Not specified

Financial Reporting

Audit Trail
Balance Sheet
Consolidation / Roll-Up
General Ledger
Multi-Company
Multi-Department / Project

Medical Accounting

Not specified

Reconciliation

Not specified

Trucking Accounting

Not specified

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