Familiar monthly close and year-end pressure?
IC reconciliation for a group client often means this:
- 01Exports from multiple accounting systems
- 02Excel-based IC reconciliation
- 03Comparing intercompany receivables and payables
- 04Unmatched transactions and timing differences
- 05Investigating foreign exchange differences
- 06Emails to accountants at different entities
- 07Adjusting entries and additional rounds
- 08Manual eliminations under financial year-end pressure
From manual searching to an automated solution
Compare the traditional workflow with Finadeck's transaction-level reconciliation.
- Integrated transactions
- Counterparty matching
- Exception work list
- Controlled resolution
- Automatic eliminations
| Counterparties | Type | Amount € | Status |
|---|---|---|---|
| Parent ↔ Sub A | Sale / purchase | 12 400,00 | Matched · eliminated |
| Sub A ↔ Sub B | Receivable / payable | 3 250,00 | Matched · eliminated |
| Parent ↔ Sub C AB | Sale / purchase | 8 900,00 | Timing difference · to resolve |
| Sub B ↔ Parent | Service fee | 1 120,00 | Counterparty missing |
| Parent ↔ Sub B | Loan / interest | 540,00 | Matched · eliminated |
Illustration of Finadeck's IC reconciliation work list. Figures are examples.
Services you can package
Sell separately or as one complete group service.
IC reconciliation as a service
Monthly reconciliation, investigation of exceptions with the client, and elimination of matched items.
Group reporting as a service
Monthly consolidation, consolidated financial statements and management reports.
Budgeting and forecasting
Income statement, balance sheet and cash flow budgets and forecasts alongside actuals.
Fixed monthly billing
A packaged service provides predictable, recurring revenue.
Increase delivery capacity
Data collection, transaction matching and eliminations are automated—the same team serves more groups.
New group clients
Serve groups with multiple entities and systems.
Less dependence on individual employees
The process does not depend on one expert's Excel files.
How the partnership works in practice
Sales and invoicing
Agreed individually: the software can be sold and invoiced by the partner or Finadeck.
Revenue
Partners can earn revenue from software, implementations and ongoing services. Revenue terms are based on Finadeck's partner agreement.
Implementations
Initial clients are onboarded together, usually on a turnkey basis. Afterwards, the partner may handle implementations independently if desired.
Training and support
Finadeck provides full support with implementation training. A designated Finadeck contact is always available for technical matters.
Joint sales
Finadeck participates in software demonstrations whenever the partner wishes.
Partner model
One partner model is currently available. A certified partner model and partner tiers are planned.
Partner revenue is based on Finadeck's partner agreement. Get in touch to discuss the agreement and revenue opportunities.
Start with your existing clients
Start with your existing clients
The ideal first client is a group with:
- At least three group entities
- High volumes of intercompany sales, purchases, receivables or payables
- IC reconciliation currently performed in Excel
- Multiple accountants or systems
- Monthly or quarterly reporting
- A group structure growing through acquisitions
- 01
Select one client
Let's start with the group where IC reconciliation currently takes the most time.
- 02
Joint implementation
Finadeck implements the solution with you on a turnkey basis and trains your team.
- 03
Replicate the service
Build a repeatable service model for your entire group client base.
- 01
Select one client
Let's start with the group where IC reconciliation currently takes the most time.
- 02
Joint implementation
Finadeck implements the solution with you on a turnkey basis and trains your team.
- 03
Replicate the service
Build a repeatable service model for your entire group client base.
Estimated annual value of time saved
Estimate how much of your team's time can be freed up for advisory, new clients and additional services.
Affects only the time spent on consolidation accounting and IC reconciliation.
The automation percentage does not affect this—the full amount of time is freed up.
The automation percentage does not affect this—the full amount of time is freed up.
- Freed up per month
- 27 h
- Freed up per year
- 324 h
- Freed up per year
- 200 h
- Freed up per month
- 20 h
- Freed up per year
- 240 h
- Total per year
- 764 h
Consolidation accounting and IC reconciliation · 90% automation
5 groups × 6 h × 90 %
Consolidated financial statements · automation percentage has no effect
5 groups × 40 h per year
Reporting · automation percentage has no effect
5 groups × 4 h per month
324 + 200 + 240 h
Annual value of time saved
68,760 €
The estimate is based on the figures you enter and is not a guarantee of savings. Ensure the same work is not counted twice. Time saved can be used for advisory, new clients or additional services.
What our customers say
More than 150 groups use Finadeck for consolidation accounting and IC reconciliation.
- Social and care servicesAvosylin Group
”The reconciliation functionality has been a significant improvement for us. Potential posting errors are much easier to find, and the time spent on monthly close has fallen from hours to minutes.”
Jaana Martinmäki, Specialist, Financial Administration and Accounting - Real estate investmentKansallis Companies
”Consolidated financial statements are now prepared in hours instead of weeks, and reporting has become significantly more streamlined.”
Ilkka Paju, CEO, Kansallis Companies - Financial servicesSöderberg & Partners
Elimination of intercompany transactions has been automated in Finadeck, reducing manual consolidation accounting steps. IFRS reporting, budgeting and rolling forecasts are also in use.
Frequently asked questions
An accounting firm can earn revenue from software, implementations and ongoing services. Terms are based on Finadeck's partner agreement—get in touch to discuss.
Agreed individually: the software can be sold and invoiced by either the accounting firm or Finadeck.
Initial clients are onboarded together, usually on a turnkey basis. Afterwards, the accounting firm may handle implementation, training and support if desired. A designated Finadeck contact is always available for technical matters.
No. Finadeck trains your team during implementation. Your consolidation expertise remains at the heart of the service—Finadeck handles the recurring workflows.
Pre-built integrations include Netvisor, Procountor, Fennoa, Business Central and Visma L7. See the integrations page for the full list.
Yes. IC reconciliation can be sold as a standalone monthly service or as part of a broader consolidation offering.
Yes. Finadeck always supports software demonstrations whenever the accounting firm wishes.
The calculator provides an estimate based on the figures you enter. By default, 90% of the time spent on consolidation accounting and IC reconciliation is assumed to be automatable; you can change this. Time spent on consolidated financial statements and reporting is counted as fully freed up. This estimate is not a guarantee—the actual benefit is measured together with the first client.