Simplify Group Reporting with Tiego Group Accounting

 


TIEGO GROUP ACCOUNTING (TGA)

Three things that distinguish Tiego

Tiego has been developing and further developing our group reporting module for over 10 years. When we choose the three points that are distinctive, we highlight

1. The efficiency of working with monthly balances that is superior to accumulated balances

2. The old dream of having drill-down to transaction level regardless of accounting software is now available to everyone

3. Automatic cash flow analysis after a minimal amount of extra work in reporting is something we are particularly proud of

THREE THINGS THAT DISTINGUISH TIEGO

1

Tiego's system works with monthly balances and currency conversion using the monthly average, rather than the accumulated balances that are most common in group reporting systems. We and our customers find it to be a significant advantage to always work with all months visible during reporting. The system allows subsidiaries to report changes in previous months, but since there are archived copies of previous financial statements, we ensure that historical financial statements are locked. Regardless of the acquisition date, we always load data for the entire group's fiscal year into the system and always work with proforma information first if a company is acquired during the year. The legal period from the acquisition date onwards is automatically handled by the system, where you as a user can switch between "Proforma" and "Legal"

2

Our approach is always to strive to import transactions for all companies regardless of accounting software. In Sweden, we have been spoiled for many years with the SIE4 format, but almost all accounting programs we have encountered can export general ledger information at the transaction level. Together with new possibilities where we can use standard programs to convert data, an old dream has come true for many customers: "to have drill-down to transaction level for all companies in all countries"

3

By supplementing information about what has happened in accounts for fixed assets, financial assets and liabilities, equity and reserves, the system creates automatic indirect cash flow analysis with minimal extra work from reporting entities