The startup develops financial management software that integrates financial and operational data through dashboards and formula tools, enabling businesses to effectively budget, track, and forecast their financial performance. This solution addresses the challenge of fragmented financial data by providing comprehensive reporting and analysis tools that connect enterprises with accounting firms and finance providers.
Funding
$850K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle with fragmented financial data spread across multiple systems, leading to inefficiencies in budgeting, tracking, and forecasting. This lack of integration hinders effective financial reporting and analysis, making it difficult to gain a comprehensive view of financial performance.
Solution
Finadeck is a cloud-based financial management platform that integrates financial and operational data, providing businesses with a unified solution for reporting, budgeting, forecasting, and consolidation. The platform offers customizable dashboards and a formula tool, enabling users to create tailored KPIs and reports. Finadeck automates tasks such as currency conversions, minority interest calculations, and intercompany eliminations, streamlining the financial closing process. Its integration capabilities with various accounting software, ERP systems, and data sources like Google Sheets and OneDrive ensure seamless data flow and real-time insights.
Target Audience
Finadeck is designed for businesses of all sizes, particularly those with complex financial structures or multiple entities, as well as accounting firms and finance providers seeking to improve their financial management processes.
Features
- Customizable dashboards for monitoring key metrics at different levels of granularity
- Formula tool for creating custom KPIs by combining financial and operational data
- Report builder for designing and automating management and board reports
- Budgeting and forecasting tools for creating budgets, forecasts, and scenarios
- Consolidation module for automating intercompany eliminations and currency conversions
- Fixed asset management and allocation tools for tracking depreciation and allocating costs to different entities
- Automated allocation rules for distributing expenses across different cost centers
- Loan calculators for modeling existing and planned loans, including repayment schedules and interest calculations
- Balance sheet simulations for forecasting sales receivables, payables, and VAT
- Rolling forecasts that combine actual data with budget or forecast data
- Integrations with popular accounting software such as Netvisor, Procountor, and Visma
- Integrations with ERP systems, Google Sheets, and OneDrive