In financial consolidation, companies often rely on fixed hierarchies based on legal structures. But what if you need to analyze data from a different perspective—such as by region, business unit, or operational division?
BrizoSystem now introduces Virtual Groups, allowing users to create custom hierarchies beyond the default legal company structure. This feature provides greater flexibility in financial reporting, analysis, and decision-making.
What Are Virtual Groups?
A Virtual Group in BrizoSystem is a customizable hierarchy that allows users to group companies based on different business needs, rather than just the legal ownership structure.
- Custom Consolidation Views – Organize entities in multiple ways for different reporting requirements
- Flexible Analysis – Compare performance across different groupings
- Enhanced Strategic Planning – See data from new perspectives
How Can You Use Virtual Groups?
Virtual Groups can be used to consolidate and analyze data based on different criteria. Here are a few examples:
1. Regional Grouping
If you have multiple subsidiaries across different countries, you may want to group them by region for performance analysis. For example:
- APAC Group – Consolidate all companies in Asia-Pacific
- Australia Group – Consolidate all AU-based subsidiaries
2. Business Unit or Product-Based Grouping
If your company operates across multiple industries or business lines, you can group entities based on business units rather than the legal structure. For example:
- Healthcare Group – Consolidate all medical-related entities
- Construction Group – Consolidate all real estate and construction companies
3. Internal vs. External Reporting Needs
You may require different consolidation structures for management reporting vs. external reporting. Virtual Groups allow you to set up both, without affecting the main legal hierarchy.
Benefits of Virtual Groups
- Greater Flexibility – Go beyond legal ownership structures and customize groupings
- More Meaningful Insights – Analyze financials based on operational or regional structures
- Faster Reporting – No need to manually adjust reports for different views
- Better Decision-Making – See consolidated data the way you need it
Get Started with Virtual Groups Today!
With BrizoSystem’s Virtual Groups, you can customize your financial consolidation to fit your business needs—not just your legal structure.
Ready to take control of your financial reporting?
Try BrizoSystem today!