Besides financial reports, our clients often use Exsion Corporate for other purposes as well. Non-financial data, for example, the number of employees of individual operating companies are gathered and incorporated into the consolidation. Using Excel, reports can be modified and made visually more appealing.
Thanks to Exsion, we now have much more unambiguous data
At a certain point in time, we were very busy with reports for days on end, it was an unworkable situation. In 2008, we switched to Microsoft Dynamics NAV, combined with Exsion and other software, which saved us a lot of time. Thanks in part to Exsion, we now have much more unambiguous data at our disposal.
Janssen de Jong
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Exsion Corporate offers
solutions for your problems
Read below what controllers encounter and what solution Exsion Corporate offers.
Features en voordelen van
Lees hieronder waarom controllers kiezen voor Exsion Corporate.
Creating Consolidated Financial Statements
Exsion Corporate functions as a reliable consolidation environment for dozens of clients. Exsion Corporate supports automatic data collection and verification (budget, realisation and forecast) of operating companies, intercompany coordination and the elimination between operating companies, as well as generation of reports for the board of directors and management of organisations. Quoted companies and (international) enterprises use this consolidation application.
All Reports Generated from a Single Database
Exsion Corporate takes work off your hands when entering data and/or performing a consolidation. Smart checks and validations ensure that all data retrieved from the source is correct. Upon consolidation, Excel will perform all calculations relevant to your reports. You can easily create reports yourself, so you will not need a consultant for each change you want to implement. Exsion Corporate’s flexibility – it basically is suitable for any digital source – is the reason that many clients also use the software for security reports, liquidity forecasts and environmental footprint reports.
Consolidated Balance and Profit and Loss Account
The consolidated balance and profit and loss account constitute the basic report that any client can retrieve from the system. The principle is simple: Operating companies submit their reports to the central database where they are read in, thus allowing the holding to create overviews. Reading in data into the central database can be automated in several ways.
Overview of Staff Numbers
In order to interpret financial figures, it is essential to know the extent of staff turnover. If costs increase, it is important to be able to determine whether this is caused by an increase in staff headcount or salary costs. Staff numbers are often not listed in accounting or an ERP system. With Exsion Corporate, you can easily collect these data and incorporate them into reports.
Often a great deal of project data can be found in ERP software. However, in many cases clear incorporation of forecasts into an ERP system is significantly more complex. For example, what is the forecast of a project manager with respect to a given project’s yield in the months and/or years to come? These data can easily be collected with Exsion Corporate, thus establishing an overall picture of the current result of a given project, as well as its future result.
We also see, that clients attempt to look ahead into the future and draft a plan for the next five years, with the intention to closely monitor it. This can easily be done with Exsion Corporate – you can compare realisation with the budget and strategic plan, thus providing management with insight whether the strategy works or not.
Many companies attach importance to gaining insight into their liquidity position for the coming months. Is it necessary to apply for additional funding, or do customers suddenly pay later? With Exsion Corporate, you are clearly aware of the current and future liquidity of your organisation.
Proven and Secure Technique
Meanwhile, the software has been running stable for several years with dozens of clients. Exsion Corporate’s set-up is simple and effective. End users can only access the database by requesting reports through their Excel menu ribbon, which are subsequently sent by Outlook. This implies that users cannot login to the database, which drastically reduces the security risk.
The software is made using Microsoft technology and common Microsoft Office products (such as Excel and Outlook). The database is provided in SQL Server Express format (available free of charge). To run Exsion Corporate, you will need a relatively light server. Investments in hardware and software are limited and easily scalable. We also provide Exsion Corporate as a cloud solution.
Possibilities for Efficient Authorisation
As stated, the technique and architecture are secure, furthermore you can configure the application in such a way that users only can see data that is intended for them. Thanks to this, Exsion Corporate is an application with minimal risk of unauthorized use.
Flexibility of self-made reports
Exsion Corporate is flexible, because application administrators can adjust reports themselves, several ‘consolidation trees’ can be used’ and new companies within an organisation can be added easily.
Different Consolidation Structures
It is possible to simultaneously use several consolidation structures, as well as modify them over time. For example, a bank wants to see a report about a number of companies, while the management wants a report about the same companies, but grouped differently. Due to the fact that all data are already stored in the database, delivery of suchlike reports is very easy.
Acquisition and Sale of Companies
Organisations can change, for example, changes may occur due to acquisition or sale of companies. Exsion Corporate adapts easily.
A big client of ours managed to include the acquisition of hundreds of companies in its reporting, within a month’s time.
Make Adjustments Yourself
In the project discussed in the training course you will learn how to deal with changes as a group controller. We will provide a step-by-step explanation of how to configure Exsion Corporate and create your first reports. Afterwards, you can get started on your own.
Exsion Corporate Is ERP-Independent
It does not matter which business software operating companies use, they can run Exsion Corporate simultaneously. We can automate data entry extensively by using our proprietary Open Interface or a database connection.
Every accounting package or ERP system has an Excel export feature, with a mapping table you can transfer all data of the accounting package in question to the right place in Exsion Corporate. The advantage is that these data are also validated by the built-in checks in the input sheet.
We can also create direct connections between databases. The advantage is the gain in speed, the drawback the lack of an additional check by the controller of the operating company responsible for the data submitted.
Support of Reporting Workflow: No More Chasing for Reports
The reporting calendar allows you to exactly configure which controller has to submit a given report, when a given report should be sent, who should approve a given report prior to transmission and much more.
Once you have configured Exsion Corporate, the process will take care of itself. The application takes care of data collection and transmission and the process remains transparent, because you know exactly who is still running behind and who has already delivered everything.
Currency and exchange rate differences
Gaining clear insight in how exchange differences affect reports is essential to proper reporting. Exsion Corporate supports a variety of scenarios. Exchange rates can be read in by date, thus allowing you to analyse currency fluctuations.
Elimination of Internal Relationships
For a proper overall picture of a holding’s result, it is essential that it does not contain double counting. Exsion Corporate facilitates the process of intercompany adjustment and provides exact insight in which entries have or have not been resolved mutually, whereupon elimination can be performed. This constitutes the foundation for a solid and reliable exploitation.
HB Software develops an initial basic reporting set (a profit and loss account and balance sheet) and helps you to configure the database. You and your colleagues will receive a two-day training in application management and form creation, after which you can get started on your own. HB Software will then step aside and provide support for creating and adjusting your own reports.
Want to know more about Exsion Corporate?
Curious about Exsion Corporate? We'd be happy to show it to you. In the no-obligation Exsion Corporate demo, the Exsion team will show you how it works behind the lightning-fast merge of all administrations.
Exsion Corporate Demo
You'll see sample reports as you use them and discover why Exsion Corporate offers so much flexibility in reporting for such low costs.
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