At Backo we are redefining finance & accounting. We are helping to create solutions to complex issues with pragmatic, hands-on and modern approach and that’s why we offer a new approach for finance & accounting.
High quality group reporting requires extensive knowledge and experience of multiple different complex areas of accounting and related technologies. It’s unlikely in practice that a single person can master all the needed requirements to achieve monthly targets consistently without the need for external financial consultants, auditors and IT-specialists. With Backo you don’t have these kinds of limitations because we have a team of first-rate professionals covering all areas of group accounting and related technologies who are dedicated to you in combination of unique approach to deliver consistent results effortlessly every month.
In-house employees have holidays and other absences such as sick and parental leaves. In addition, employees regularly resign causing disorderly transition period where interim resources are needed and knowledge is usually lost. With Backo you do not have the kinds of disruptions since our deliverables are not dependent on any one person and we can promise an on-going service in every situation.
The workload in group reporting is not usually evenly distributed within the month and there is significant cyclicality over the year (e.g. quarter and annual reports etc). Hiring a full-time employee could be inefficient if the workload does not require such a resource or it could prove to be inadequate in peak seasons. With Backo you do not get “downtimes” or “bottle necks” because we tailor our resources and pricing based on your unique need resulting in a cost-efficient solution.
when recruiting dedicated person to execute group consolidation and reporting you incur recruiting costs and can never be certain that you have hired the right person. With Backo you can freely choose the contract period and scope of services based on your individual needs. If you are not happy with the results Backo delivers or want to explore other solutions you can terminate our contract without penalties or termination periods.
Backo can help you with the following monthly, quarterly and yearly group consolidation and reporting needs either bundled together or separately as you prefer:
• Consolidation of group subsidiaries covering all the required consolidation entries and adjustments (IFRS or FAS).
• Monthly group reporting covering group consolidated and segment P&L, Balance sheet, cash flow statement and other figures needed for recurring management reporting
• Quarterly IFRS financial statements in accordance with IAS 34
• Annual financial statements in accordance with IFRS or FAS
• Tagetik group consolidation and planning software implementation on a “turn key” -principle covering integration of source systems, planning of monthly reports and interim or annual notes to financial statements.
• Continuous customized technical and content maintenance for Tagetik based on your changing reporting needs.
• We are also fluent in other consolidation softwares (OneStream, HFM, FPM, Anaplan etc.) and are able to execute monthly closing in any platform.
• Monthly maintenance and updating of lease portfolio covering documentation and calculation of contract parameters and estimates together with required journal entries.
• Implementation and maintenance of IFRS 16 software (Fatman, ZenTreasury, Tagetik IFRS 16 module, Kasperi or excel etc.)
• Analyzing and documenting customer contracts in order to choose correct revenue recognition model and accounting treatment.
• Maintain and improve revenue recognition process in complex environments
• Preparing revenue related reports to internal and external stakeholders
• Calculations related to change in group structure such as purchase price allocations (PPAs) or gain/loss calculations for divestments and any related pro forma figures
• Goodwill impairment calculations in accordance with IAS 36
• IFRS 2 share based payments
Backo can help you with the following monthly, quarterly and yearly group consolidation and reporting needs either bundled together or separately as you prefer:
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We at Backo are part of Pacioli Network, which is an international network of CCH® Tagetik consultants providing you both the flexibility and expertise of independent contractors and the security of a large network.
When working with Backo you have access to all Pacioli Network experts.
Asiakas saa toimeksiantoonsa huippuosaajien tiimin, jossa yhdistyvät kahden yhteisön paras osaaminen, järjestelmät ja joustomahdollisuudet.