GATHER.nexus is a financial reporting and consolidation platform for multi-entity businesses using Xero or QuickBooks. The platform automates multi-currency consolidations, intercompany transaction management, and balance sheet reconciliations, providing accurate group-level financial reporting. By streamlining these processes, GATHER.nexus enables finance teams to improve efficiency and accuracy in their financial close.
Funding
Funding not disclosed
Founders
Product
Problem
Multi-entity businesses using Xero or QuickBooks often struggle with the complexities of financial reporting and consolidation. Manual processes and disparate systems lead to inefficiencies and inaccuracies in multi-currency consolidations, intercompany transaction management, and balance sheet reconciliations. This makes it difficult to gain a clear, consolidated view of the business's financial performance.
Solution
GATHER.nexus is a financial reporting and consolidation platform designed to automate and streamline financial processes for multi-entity businesses. The platform integrates with Xero and QuickBooks, providing a single system of record for managing consolidated financial reporting, intercompany transactions, and group financial planning. GATHER.nexus enables finance teams and fractional CFOs to efficiently handle multiple clients and entities, automate intercompany recharges, and maintain compliance with cross-border transfer pricing requirements. With features like drill-down analysis, configurable access controls, and industry-specific reporting templates, GATHER.nexus empowers users to improve accuracy, save time, and gain valuable insights into their financial data.
Target Audience
The primary target audience includes finance teams in multi-entity businesses, fractional CFOs managing multiple clients, and venture or PE-backed scale-up businesses using Xero or QuickBooks.
Features
- Seamless integration with Xero and QuickBooks for effortless data synchronization across legal entities.
- Automated multi-currency consolidation for accurate financial reporting in diverse environments.
- Intercompany reconciliation tool to easily balance intercompany accounts and manage intercompany relationships.
- Intercompany recharge app to centrally manage intercompany postings, including management recharges and transfer pricing adjustments.
- Group financial planning module for creating group-level budgets and tracking progress against financial plans.
- Configurable access controls to delegate budget preparation and reporting tasks to specific teams or individuals.
- Industry and GAAP-specific reporting templates for standardized and compliant financial reporting.
- Drill-down functionality for rapid variance analysis at legal entity, ledger code, and transaction levels.
- Digital working papers with a clear audit trail and sign-off capabilities for enhanced transparency and control.