Company description
This solution shows how Koabo can work in a company providing accounting outsourcing services to a wide variety of clients.
The company has more than 100 clients; some of them are owner-managed businesses; some of them are corporations. Some of the clients have bookkeeping done in the software owned by the company; some clients have their ERP solutions.
Company needs
The company needs a way how to automate the preparation of financial statements for their clients.
Some of the clients have precise requirements of the shape of the reports – usually corporations or clients who are subsidiaries of foreign owners.
Other groups of the clients have no specific requirements for financial reports. Still, the company wants to provide them with regularly prepared financial statements.
The main needs of the company are:
- Streamline report preparation
- Provide the clients with advanced visualizations of the reports
- Provide the clients with an analysis of their financial performance
Solution with Koabo
Data collection and storage
Data for each client must be stored separated from the other clients. To achieve that, each client has a separate database created in Koabo. Each Koabo database can hold data for all the companies assigned to that client.
Data from the company’s bookkeeping software is automatically imported to Koabo through database connection between the two systems. Koabo automatically imports data from ERP’s of the clients, or their data is imported by hand in regular intervals by employees of the company.
Employees of financial controlling departments of the clients can log into Koabo to work with the data in the same way that employees of the company can.
- Safe storage of data of the clients
- Accessible from anywhere thanks to storage in the cloud
- Automatic imports of bookkeeping data
Reports provided to the clients
- Customized Power BI reports for each client
- Power BI reports updated automatically
- Clients receive much better service
Every client can have a customized report provided to them automatically based on the data in Koabo. Reports can contain advanced analysis, including textual explanations so that the clients receive an excellent package of information about the financial performance of their company.
In case the clients have their reports prepared in Excel, these reports can be easily connected to Koabo. This saves lots of time on report preparation because it automates the whole process.
Clients can use all reporting modules – accounting reports, cash flow reports, product reports, indicator reports, and also project-based reports.
Reports are prepared in Microsoft Power BI, which allows the clients to comfortably work with reports in their internet browsers or an app on mobile devices.
