If you’re juggling multiple entities, charts of accounts, or GLs, FYIsoft's ReportFYI® software automates your multi-entity financial reporting so you can close the books faster with far less manual work.
Turn Hours Into Minutes with Automated Multi-Entity Reporting
Before FYIsoft, creating and distributing financial statements to each location was tedious and error-prone. Every reporting cycle required manual adjustments, spreadsheet wrangling, and individual emails.
With FYIsoft’s multi-entity reporting:
“When I run a report, I just push a button and it sends to our 60 different report owners. It’s an amazing time saver.”
Our ConnectFYI technology integrates with your GL to import and standardize financial data across all your entities. Whether your growth comes from new locations or acquisitions, FYIsoft keeps multi-entity reporting consistent and reliable.
Automate the creation and distribution of beautifully formatted, consolidated financial statements for all your entities. Eliminate manual spreadsheet work and reduce the risk of human error that often accompanies multi-entity reporting in Excel.
For global organizations, CurrencyFYI translates multi-national balances into a single reporting currency – or multiple currencies if needed.
For companies with multi-entity reporting environments, selecting the right financial reporting software can feel overwhelming. Most tools look similar in a demo — but when your reporting volume grows, performance gaps quickly appear.
This guide walks you through the essential features, red flags, and evaluation criteria you need to confidently choose the best financial reporting software for your business.
Multi-entity reporting is the process of producing financial statements for organizations with multiple reporting units, such as companies, divisions, locations, or franchises. It includes both individual entity statements and consolidated reports.
Multi-entity reporting capabilities like FYIsoft’s are needed by any organization with multiple companies, divisions, or locations – including franchises, restaurant groups, healthcare systems, manufacturing businesses, real estate portfolios, and private-equity-backed companies. During the financial close cycle, financial statements must be produced for each entity or reporting unit, as well as consolidated rollups for each view within the organization’s structure.
To accommodate multi-entity reporting for companies with different general ledger systems, FYIsoft integrates directly with the ERP(s) and standardizes data into a common structure so you can produce consistent financial statements across all entities. This is done through our ConnectFYI technology.
FYIsoft automates the report distribution process. After the initial report setup, an unlimited number of reports can be distributed with just one click. That means all reports, to all the right people automatically, based on entity-level permissions. This time-saving automation is unmatched by any other solution in the market.
For global companies, FYIsoft supports multi-currency conversion. Our CurrencyFYI technology converts balances into a single reporting currency (or multiple currencies) to simplify global consolidation.