Latest blogs
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The Hidden Costs of Manually Exporting Data for Financial Reporting
The financial reporting cycle has three stages: data in, consolidation, reporting out. Most attention goes to the middle stage — how the consolidation is done, how long the close takes, how errors are introduced in the adjustments. The input stage — getting data out of accounting systems and into a usable form — gets less…
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Announcing Prebuilt KPIs in BrizoConsol
Tracking financial performance can be a daunting task, especially when managing multiple companies or subsidiaries. To make this process simpler and more insightful, BrizoConsol has introduced a set of prebuilt KPIs (Key Performance Indicators) that cover a wide range of financial metrics. These prebuilt KPIs are designed to give you a clear, real-time view of…
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The Hidden Costs of Manually Preparing Board Packs and Monthly Reports
Financial close gets most of the attention — and most of the investment — in improving reporting processes. But close is only half the problem. Once the numbers are right, they still need to become a board pack: formatted, charted, narrated, reviewed, revised, and distributed before the meeting. For many finance teams, this last-mile process…
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Your Legal Structure Is Not Your Management Structure — Here’s How to Consolidate for Both
Most group finance teams run into the same problem eventually. The legal structure of the business — the holding company, its subsidiaries, the ownership percentages — reflects how the group was built, not necessarily how it should be managed. A regional CFO wants to see APAC performance as a single view. A board wants to…
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New Feature in BrizoConsol: Define Ownership Percentage and Calculate Non-Controlling Interest (NCI)
Managing the financials of a complex group structure can be challenging, especially when ownership percentages vary across subsidiaries. To make this process more intuitive and accurate, BrizoConsol has introduced a powerful new feature that allows users to define ownership percentages for each organization within their group. This feature automatically calculates Non-Controlling Interest (NCI) for both…