Top 10 Financial Reporting Solution Providers - 2019
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Top 10 Financial Reporting Solution Providers - 2019

A financial report communicates the organization’s financial status to the management, investors, creditors, and the government at the end of the quarter/fiscal year. With the snapshot of the financial activities such as the company’s finances, including their revenues, expenses, profits, capital, and cash flow, the financial report provides in-depth insights into financial information that enable organizations to improve their business. An extensive financial report assists the management in optimizing strategies, formulation of new objectives adherence to tax laws, compliance with SEC standards, and employee and department productivity.

In the corporate world, financial reporting has rapidly evolved because of stakeholders’ increasing demands for transparent information. Addressing this demand are financial reporting solutions that help organizations track their current assets divided by the current liabilities on their balance sheet to help them gauge their liquidity and manage their debts accordingly. Implementation of such solutions can assist in tracking trends both past and present, which empowers organizations to tackle any potential weakness while making improvements that will benefit the overall financial health of the business. Further, by gaining access to centralized, real-time insights, organizations can make accurate, informed decisions swiftly, thereby avoiding any potential roadblocks while maintaining financial fluidity at all times.

Understanding the changing times, CFO Tech Outlook has compiled a list of top financial reporting solution providers. We are glad to feature Gravity Software on our annual list of financial reporting solution providers. The company is a cloud-based resource planning and accounting application that allows customers to combine all their business systems present in different legal entities into one central financial database. Another featured company, Terra, offers a plethora of financial services, including accounts receivable, accounting, purchasing, and asset management. With several innovative technological capabilities and success stories up its sleeves, these solution providers are continually proving themselves in the financial reporting landscape.

We present to you CFO Tech Outlooks’ “Top 10 Financial Reporting Solution Providers – 2019.”

Top Financial Reporting Companies

Exclusively developed for smart financials, Gravity Software is a cloud-based resource planning and accounting application that allows customers to combine all their business systems present in different legal entities into one central financial database. Built on the Microsoft Power Platform (aka Dynamics 365 CRM), Gravity Software gives organizations the ability to streamline their business processes and gain real-time visibility into the business, which helps them in making informed decisions and improving the bottom-line. Users can easily navigate from Gravity’s back-office financial business solution to front office sales, services, and marketing

www.gogravity.com

The business name LucaNet was initially established in 1999 and derived from one of the finest mathematicians, Luca Pacioli, who was the first to publish a treatise on the principle of double-entry accounting. Their agile, unique, and quick technology for the Office of Finance is ideally oriented, mixing an innovative solution to contemporary architecture and frameworks. Its automated systems and adaptive conception make it easy to use software that offers quick adoption and a user experience that is technically better. Currently, LucaNet has a global presence in the United States, Belgium, France, Austria, Switzerland, China, Singapore, Germany, the Netherlands, and Spain

www.lucanet.us

Adagio Accounting is an award-winning accounting system designed for small- and medium-sized businesses. Adagio enables high-volume transaction entry, provides robust financial reporting, and allows for management of large inventories of goods. For companies that find they are impacted by limitations in their entry-level accounting package—Adagio is a perfect fit for growing businesses. Adagio is developed and marketed by Softrak Systems. The company celebrates its 32nd year in business, and is an active participant in the CPA Canada and AICPA communities

softrak.com

New Jersey-based Terra aids executives and property managers optimize their fiscal operations and focus on organizational growth by offering unified back-office services for the real estate industry. The company’s financial services include invoice analysis for accounts payable processes, value-added applications with online and mobile tools for purchasing, rent management offerings to enhance the cumbersome rent collection, lease renewal, and legal initiation processes, among others. With Terra’s all-in-one solution, leaders at big corporations can leave the financial management of their real estate assets and seamlessly clean their books, and imbue accountability to ensure that all their financial processes are running smoothly. For growing enterprises, Terra offers information and recommendations to enhance their financial management, aid them in raising equity, and grow their business

terrafsllc.com

AST

AST

AST is a complete-service, innovation-enabled professional services company that helps corporations and investors throughout North America create momentum by using secure corporate data, insights, consulting services, and a practical approach to all interactions. AST was formed in 1971 as a transfer agent. Since then, AST has established a new model for digital operations in the sector through organic growth and targeted acquisitions. AST dominates the market with a diverse portfolio that covers offerings from exchange brokers and registrars, corporate governance and advisory services, voting services from issuers and mutual funds

CBEYONData

CBEYONData

CBEYONData is a professional services agency specializing in assisting mission-driven companies and enterprises with business process optimization and transformation, cloud migration, and activation. They introduce fast delivery to companies and corporations for CFO offices with specific financial accounting monitoring and compliance approaches. Furthermore, cBEYONData harness these skills to maximize the return on investment of their clients, facilitating greater success in fulfilling the goal of the customers. Their QMS is reviewed and re-certified regularly to ensure that the project output of cBEYONData is applied to the highest quality levels. Performance is the primary concern of each worker, subcontractor, and supplier operating on a cBEYONData project

Certent

Certent

Established in 2002, Certent, Inc. helps clients lift their business with intelligent, insightful, innovative finance solutions. Their innovative asset analysis, transparency control, and story accounting tools help businesses, and financial managers boost accuracy, save money, and do more. Redetermine the approach to Certent's governance, uncertainty, and regulation. The company works in multiple countries and represents more than 2,400 companies around the world, including public, corporate, and pre-IPO. Certent offers leading technology tools for inspiring groups of brilliant people, from Certified Equity Professionals (CEPs) to CPAs to growing them

Dynamo Software

Dynamo Software

Dynamo Software provides an industry-specific, highly customizable system for fund managers (GPs), transaction teams, asset owners or allocators (LPs), and related industry members to address problems across the private investment environment. The Dynamo software platform profits from intense cooperation with globally influential customers to maximize the front-to-back office productivity of contract teams, fund managers, and capital allocators by offering innovative solutions to promote data exchange between these companies. Dynamo represents more than 500 customers from private equity firms, M&A teams, venture capital groups, institutional investors, hedge funds, fund managers, prime traders, family offices, and private equity firms

Entertainment Partners

Entertainment Partners

Entertainment Partners (EP), with offices in 15 locations in the U.S., Canada, London, and Tokyo, is the leader in the field in film accounting, staff development, residuals, tax incentives, financing, and other advanced production management strategies. EP is the development partner in the transformation of the entertainment industry now on a quest to encrypt the paper-heavy back-office operations. EP partners with its customers to help them create the most budget-effective and efficient video, TV, online, and industrial projects. The industry standards are its reporting structures and software for Film Magic Budgeting and Scheduling

host ANALYTICS

host ANALYTICS

Help finance teams to automate their financial planning, consolidation, and reporting so they can get more done faster, make fewer mistakes, have more time to do value-added analysis across the organization