Solid Expertise in Consolidated Financial Statements
Primavista-Consolidated Financial Statements is a processing system for consolidated financial statement data, interim financial statements, and corresponding monthly reports developed for international group companies, regardless of the industry, in accordance with the rules of external accounting. With this system, preparing consolidated financial statements becomes significantly easier.
Primvista-Consolidated Financial Statements is a ready-to-use solution – only the customer’s data is missing.
Primavista-Consolidated Financial Statements includes all the required functions for preparing consolidated financial statements, including the processing of acquisition information, the calculation of minority interests, the handling of internal transactions and margins, the calculation of consolidated asset/liability depreciation, and foreign currency processing. The Consolidated Financial Statements system allows for the creation of an official group financial statement with interim statements and also monthly reporting. The system enables the preparation of interim financial statements at the desired frequency, for example, every month.
Primavista offers comprehensive options for exporting reports in various formats. The Primavista-Consolidated Financial Statements solution also includes an XBRL report in accordance with the ESEF (European Single Electronic Format) reporting requirements.
The Primavista system can be used to implement financial statements in accordance with both FAS and IFRS accounting practices simultaneously. The data content of the system is built entirely based on the customer’s own chart of accounts and needs. The Consolidated Financial Statements system does not require a uniform chart of accounts for different companies within the group. The conversion of different charts of accounts into a common one can be taken into account during the implementation phase.
With Primavista, group accounting (consolidated financial statements, interim financial statements, and corresponding monthly reports) becomes significantly easier; the software includes pre-defined calculation rules, internal transaction elimination data collection, processing and allocation rules, and official printouts, including the cost of acquisition calculation, cash flow statement, and auditor’s documents for the correction entries made. The software compiles and groups the adjustment entries, allocating them to the detailed columns of the gross-net report for both income and balance sheet information. As the system takes care of combining and allocating elimination events, the audit trail requirement is seamlessly met, and the user is not required to have a perfect understanding of the rules. The system adapts easily to organizational changes, and it is also easy to work with large amounts of data. The software also includes clear administrative functions, allowing the expert users to manage the system themselves.
Key benefits in a nutshell
With Primavista, a clear and labor-saving solution is created for consolidated financial statement preparation:
- A genuine ready-made software that executes consolidated financial statements with minimal manual work; an efficient and time-saving process, only the customer group’s data is missing
- Allocation and calculation rules as well as official printouts are programmed into the system, so no in-depth knowledge of the rules is required from the users; reduces personnel dependency
- Creates a repetitive, standardized process; permanent rules, the same process, and the same printouts
Seamless audit trail, even extending to historical data - As the amount of manual work is significantly reduced, interim financial statements and reporting can also be conveniently prepared and executed on a monthly basis
- Light and flexible integration with source data systems, avoiding fixed dependencies between systems
"For us, the important thing in finding an ERP solution was to find a product and a partner that would save time."
Why Proseduuri? In the video, our customer's thoughts on why Rättivääpeli Oy chose the intelligent operational control - Proseduuri's Haulbag ERP. Benefits of thoughts from a reliable partner. For you. Your team. Your company.
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"For us, it was important to find a like-minded company in our search for an ERP partner, one that focuses on what's essential."
Why Proseduuri? In the video, our customer shares their thoughts on why Vivantti Oy chose Proseduuri as their reliable partner. Benefit from the ideas of a trustworthy partner. For you. For your team. For your company.
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Invoicing to a modern level
The collaboration with TS Turvasi and the Haulbag team began in 2014. At that time, TS Turvasi wanted to automate its invoicing process as efficiently as possible. The partnership has bonded and deepened.
Read moteScale up took a digital leap
Scale Up wanted a service business model for the furniture industry that takes into account the specific needs of the customer. Operational business, global customer-specific online stores, customer relationship management, orders, deliveries, and inventory management were transferred to the Haulbag service. The service was already used in sales during the implementation.
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"The service is fast and flexible"
"Proseduuri and Finnpilot have been working together for several years, and Finnpilot has been using Jeeves since 2004. Jeeves was chosen as the enterprise resource planning system at that time because the price-quality ratio was good and the system had functionalities for the future as well." - Timo Siren and Markus Lehtilä, Finnpilot Pilotage Oy.
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"We fell in love with Jeeves"
"The long-standing collaboration between Lammin Betoni and Proseduur is characterized by trust and openness. In addition, Proseduur has learned a lot about the construction industry and the utilization of Jeeves in the field over the years. We have strong confidence in Proseduur that things will work out." - Pasi Lehtonen, IT and Logistics Manager, Lammin Betoni Oy.
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"ERP system adapts according to our desires"
NHK Group's parent company NHK-Keskus Oy imports agricultural machinery. They use the Jeeves ERP system provided by Proseduuri Oy. According to NHK-Keskus' Deputy CEO Pauli Pelto, the system works well, and Proseduuri offers versatile support related to information systems.
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"Jeeves adapts to needs"
Turvanasta Oy chose Jeeves ERP as their enterprise resource planning system in 2012. The world's largest manufacturer of studs gains numerous benefits from the comprehensive solution, ranging from production planning to extensive reporting.
Read mote"A good and functional system"
Steveco is Finland's leading port operator - a respected, competitive, and profitable group that produces and develops port and logistics services to meet customer needs. "We have managed to run the system by ourselves about 95 percent of the time." - Jyrki Vekkilä, Finance Manager, Steveco Oy
Read mote"Absolutely superior in terms of price-quality ratio"
Indoor Group Oy is a leading provider of home furniture and interior design products in Finland and the Baltic countries. "Primavista can be set up quickly - that's the best part about it." - Kimmo Verkola, Group Financial Controller, Indoor Group.
Read mote"Primavista has grown with us"
Med Group, also known as ONNI, is a Finnish, fast-growing, and dynamic company in the social and healthcare sector. ONNI has been collaborating with Primavista since 2011. "Help is always found promptly, and the cooperation has worked flawlessly." - Sanna-Mari Ovaska, CFO, Med Group
Read moteKey benefits in a nutshell
Primavista provides a clear and labor-saving solution for creating consolidated financial statements:
- Genuine ready-made software that executes consolidated financial statements with minimal manual work; an efficient and time-saving process, with only the customer group’s data missing
- Allocation and calculation rules, as well as official printouts, are programmed into the system, so no in-depth knowledge of the rules is required from users; reduces personnel dependency
- Creates a repetitive, standardized process; permanent rules, the same process, and the same printouts
Seamless audit trail, extending to historical data as well - Since the amount of manual work is significantly reduced, interim financial statements and reporting can also be conveniently carried out on a monthly basis
- Lightweight and flexible integration with source data systems, avoiding fixed dependencies between systems
Customer Stories
"For us, the important thing in finding an ERP solution was to find a product and a partner that would save time."
Why Proseduuri? In the video, our customer's thoughts on why Rättivääpeli Oy chose the intelligent operational control - Proseduuri's Haulbag ERP. Benefits of thoughts from a reliable partner. For you. Your team. Your company.
Read mote"For us, it was important to find a like-minded company in our search for an ERP partner, one that focuses on what's essential."
Why Proseduuri? In the video, our customer shares their thoughts on why Vivantti Oy chose Proseduuri as their reliable partner. Benefit from the ideas of a trustworthy partner. For you. For your team. For your company.
Read moteInvoicing to a modern level
The collaboration with TS Turvasi and the Haulbag team began in 2014. At that time, TS Turvasi wanted to automate its invoicing process as efficiently as possible. The partnership has bonded and deepened.
Read moteScale up took a digital leap
Scale Up wanted a service business model for the furniture industry that takes into account the specific needs of the customer. Operational business, global customer-specific online stores, customer relationship management, orders, deliveries, and inventory management were transferred to the Haulbag service. The service was already used in sales during the implementation.
Read mote"The service is fast and flexible"
"Proseduuri and Finnpilot have been working together for several years, and Finnpilot has been using Jeeves since 2004. Jeeves was chosen as the enterprise resource planning system at that time because the price-quality ratio was good and the system had functionalities for the future as well." - Timo Siren and Markus Lehtilä, Finnpilot Pilotage Oy.
Read mote"We fell in love with Jeeves"
"The long-standing collaboration between Lammin Betoni and Proseduur is characterized by trust and openness. In addition, Proseduur has learned a lot about the construction industry and the utilization of Jeeves in the field over the years. We have strong confidence in Proseduur that things will work out." - Pasi Lehtonen, IT and Logistics Manager, Lammin Betoni Oy.
Read mote"ERP system adapts according to our desires"
NHK Group's parent company NHK-Keskus Oy imports agricultural machinery. They use the Jeeves ERP system provided by Proseduuri Oy. According to NHK-Keskus' Deputy CEO Pauli Pelto, the system works well, and Proseduuri offers versatile support related to information systems.
Read mote"Jeeves adapts to needs"
Turvanasta Oy chose Jeeves ERP as their enterprise resource planning system in 2012. The world's largest manufacturer of studs gains numerous benefits from the comprehensive solution, ranging from production planning to extensive reporting.
Read mote"A good and functional system"
Steveco is Finland's leading port operator - a respected, competitive, and profitable group that produces and develops port and logistics services to meet customer needs. "We have managed to run the system by ourselves about 95 percent of the time." - Jyrki Vekkilä, Finance Manager, Steveco Oy
Read mote"Absolutely superior in terms of price-quality ratio"
Indoor Group Oy is a leading provider of home furniture and interior design products in Finland and the Baltic countries. "Primavista can be set up quickly - that's the best part about it." - Kimmo Verkola, Group Financial Controller, Indoor Group.
Read mote"Primavista has grown with us"
Med Group, also known as ONNI, is a Finnish, fast-growing, and dynamic company in the social and healthcare sector. ONNI has been collaborating with Primavista since 2011. "Help is always found promptly, and the cooperation has worked flawlessly." - Sanna-Mari Ovaska, CFO, Med Group
Read moteContact us
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