Fincorex® offers supporting models for everyday work: from automating routine tasks to full control over key processes in your company.
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Fincorex® automates calculations and organizes data in areas such as working time, IFRS 16 contracts, loans and borrowings, and business valuation. You eliminate manual errors, stay compliant with reporting requirements and prepare reports for controlling faster.
Control project time and costs
Working time reported against projects and tasks lets you allocate personnel costs and assess project profitability.
Account for IFRS 16 contracts
The accounting effects of every lease are calculated automatically, with ready-made entries for your ERP system.
Manage loans and borrowings
Repayment schedules and their impact on results, the balance sheet and cash flows in one place.
Value your business
Valuation based on discounted cash flows, with sensitivity analysis for the WACC level.
The system lets you report working time against projects and tasks – daily, weekly or monthly. Based on that, it allocates personnel costs to projects, giving you a solid basis for assessing their profitability.
The system calculates the accounting effects of every contract in line with IFRS 16 and shows their impact on the balance sheet and the income statement. It generates accounting entries ready to import into your ERP and supports budgeting with multiple scenarios.
The system manages loans and borrowings centrally, generates repayment schedules and supports the amortized cost method. It shows the impact on results, the balance sheet and cash flows, and generates accounting entries for your ERP.
The system values the business based on discounted cash flows and the weighted average cost of capital (WACC). It lets you recalculate the valuation for different WACC levels and check its sensitivity.
„Fincorex®, as a SaaS system, is an optimal solution for our growing needs.”
We first started by implementing actual reporting. We were so pleased with the system that we moved forward and introduced planning and budgeting capabilities including long-range planning scenarios, followed by the complex costing module.
We recently expanded the platform to include the consolidated balance sheet, P&L, and cashflow statements as well as an HR module where we manage and report cost of labor, payroll, and headcount information. Everything is running smoothly, and we receive strong support from Fincorex’s professional experts!
Fincorex® meets our high standards and has made a significant positive impact on our company’s financial control.
Yes. Each area – working time, IFRS 16 contracts, loans and borrowings, or business valuation – can be launched on its own or as a complement to controlling and consolidation in Fincorex®.
Employees report time against projects and tasks – daily, weekly or monthly. Based on that, the system allocates personnel costs to projects and shows their profitability.
Yes. For IFRS 16 contracts and for loans and borrowings, the system generates accounting entries ready to import into your ERP.
Yes. IFRS 16 support helps budgeting with multiple scenarios and shows the impact of contracts on the balance sheet and the income statement.
On discounted cash flows (DCF) and the weighted average cost of capital (WACC). You can recalculate the valuation for different WACC levels and check its sensitivity.
As a proof of concept, we will recreate your reporting or planning model in Fincorex® and show it to you at our next meeting.
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