Finances are the lifeblood of every company, and financial consolidation and reporting tend to be difficult, tedious, and prone to error. Thankfully, there is now Financial Consolidation Software that can streamline the entire consolidation process, from collecting and comparing financial data from different subsidiaries, reconciling intergroup transactions, correcting past mistakes, and generating reports quickly.
But Financial Consolidation Software can be expensive and cumbersome. Despite high fees, their user experience tends to be difficult, and migration and integration are nowhere to be found. Rephop solves all of these problems, thanks to their intuitive design, seamless integration with leading accounting software like QuickBooks, and world-class customer service.
Why Use Rephop
Rephop is a fast-evolving financial consolidation solution that allows groups to plan and consolidate financial information in one environment. Founded by Madis Lämmergas and Taavi Salo in 2014, it has grown quickly with over 500 active users worldwide and continues to grow each day thanks to its key factor: User Experience.
What sets Rephop apart from other, more expensive solutions, is their user experience. Designed with CFOs and by experts with decades of experience in the field, Rephop makes everything easy. Their hassle-free set-up experience, thanks to integration with industry-leading accounting software like QuickBooks, takes only a few clicks. It's intuitive, meaning no extensive training is needed to get things up and running, in fact, almost no training is needed at all.
Rephop has set itself apart by serving large corporations of up to 100 subsidiaries in the group as well as NASDAQ listed companies, but it also wishes to give the same world-class consolidation power to smaller companies. With their flexible pricing that fits the need of every type of corporation, Rephop helps smaller companies grow.
They offer the same functionality to every corporation regardless of size. And thanks to the amazing scalability of their software, it will continue to fit every need of their customers even as they grow over the years. Using their QuickBooks Online integration, companies small and large can get things started and running in mere minutes today by importing their accounting journals or any other format that their accounting software uses.
Key Features of Rephop
1. Very Short Learning Curve
Rephop is amazingly well designed, and its user interface is self-explanatory. Training is both time-consuming and expensive, and Rephop aims to do away with that. Its interface is straightforward and well-designed, and everything is where it needs to be. All of its key features are categorized accordingly, and any mistakes or warnings are legibly highlighted to avoid costly mistakes down the line.
Any mistakes made in the past are not only easy to amend thanks to the intelligence of the software; Rephop's consultants are also available to offer expert advice as necessary. Rephop syncs with the personal needs of every business effortlessly, making it the ideal solution for every business looking for a custom component software to manage their financial data.
2. Rephop is easy but powerful
Rephop assures that not only is their software easy, it's also powerful. Rephop is robust and detail-oriented with powerful functionalities, including business combination module, intragroup transactions, non-controlling interest calculation. All transactions from subsidiaries that operate in other currencies are also converted to group currencies according to daily rates.
Rephop remembers all historical transactions, all business combinations, or asset sales transactions recorded during consolidation, and everything can be reviewed in just a few clicks. Since all of the data is in one place, it can be used for reporting and managing later on. Their machine-learning-based techniques also recognize intergroup transactions, so there's no need to categorize transactions manually.
Because of all its powerful automation functionality, Rephop saves time, as much as 68%. It allows for a much shorter reporting cycle, by up to 52%, for more productivity. Rephop assures that more time is spent growing, and less time is wasted on menial tasks.
3. Rephop offers seamless integration with QuickBook and more
Because Rephop is focused on offering a painless user experience, Rephop offers seamless integration with QuickBooks. Subsidiary accounting journals can be imported and used in minutes, and even if they don't use QuickBooks, Rephop supports uploading any format that accounting software uses. Even if other subsidiaries use other accounting software like Xero or Dynamics 365.
4. Rephop is Accessible anywhere with an internet connection
Rephop is web-based, which means it can be accessed anywhere with an internet connection. It is also device agnostic, usable on every type of device or platform, whether it's an Android phone, an iPhone, a tablet, laptop, or a computer. Being web-based means, it can be used anywhere in the globe with internet access, even by companies whose subsidiaries are based in different countries.
5. Rephop has smaller fees and flexible pricing
Rephop has smaller fees than its competitors. Their startup or setup fee, if it's even needed, is marginally lower than its competitors, and their flexible monthly subscriptions are some of the lowest in the market. The best part is: Rephop allows users to try for free, and no credit card is necessary, so there's no reason not to try their offer.
