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.

Pricing

Price Starts At:
$3,500/year
Free Trial Offered?:
Yes

Integrations

No integrations listed.

Screenshots and Video

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Company Facts

Company Name:
Greatwill Oy
Date Founded:
2024
Company Location:
Finland
Company Website:
greatwill.fi
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
On-Site Training
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Greatwill Categories and Features