Fyinancial provides software that automates the creation of IFRS‑compliant financial reports, generating journal entries and disclosure notes automatically. The platform produces audit‑ready output with full traceability of calculations, helping finance teams reduce manual effort and streamline the reporting workflow. It is built by accountants and can be customized as organizations expand their reporting needs.
Funding
Funding not disclosed
Founders
Product
Problem
Finance teams often spend extensive time manually preparing IFRS‑compliant journal entries and disclosure notes, relying on spreadsheets that are error‑prone and difficult to audit. This manual process slows the reporting cycle and hampers traceability required for external audits.
Solution
Fyinancial offers an automated platform that generates IFRS‑compliant journal entries and disclosure notes directly from source data. The system calculates lease liabilities, present values, and other required figures, then creates audit‑ready reports with full traceability of each calculation. Users can start with core modules and add additional IFRS compliance tools as their reporting needs evolve. Built by accountants, the solution incorporates domain expertise to address common pain points and adapts to specific client requirements through configurable features. The platform reduces manual effort, shortens the financial close timeline, and improves confidence in audit outcomes.
Target Audience
Primary customers are corporate finance and accounting teams that need to produce IFRS‑compliant financial statements, particularly those managing complex lease portfolios and seeking to streamline audit preparation.
Features
- Automated generation of IFRS journal entries with one‑click export to accounting systems
- Real‑time present value calculations for lease accounting (IFRS 16) with instant updates
- Comprehensive, audit‑ready disclosure notes that document every calculation step
- AI‑driven extraction of contract terms from PDF leases to populate lease data automatically
- Modular product architecture allowing teams to add new IFRS compliance tools as needed
- Full traceability logs that link source data to each journal entry and disclosure item