Supporting solutions in Fincorex^® are dedicated tools designed to assist users (such as CFOs, financial controllers, HR managers, and product managers) in areas including time reporting and allocation, IFRS 16 lease management, loan and credit scheduling, and company valuation. These modules automate calculations and simplify data management in their respective areas.

By implementing them, organizations can streamline recording and settlement processes, eliminate manual errors, ensure consistency of master data and compliance with reporting standards, and support accurate planning and profitability analysis at both the entity and group levels.

Fincorex^® automates these processes, integrates data from multiple sources, and provides tools for rapid reporting, transforming time-consuming tasks into valuable support for controlling and strategic management.

Supported processes

Fincorex^® enables precise reporting of employee working hours for individual projects or specific project tasks. Reporting can be done on a daily, weekly, or monthly basis. Based on reported hours, the system can automatically allocate personnel costs to projects, providing a solid foundation for calculating project profitability within your organization.

This solution ensures full compliance with IFRS 16 reporting requirements. It automatically calculates all accounting aspects of each lease agreement, presenting the impact of the standard on both the balance sheet and the profit and loss statement. Accounting entries can be generated in any structure or format, allowing seamless integration with your ERP system. The model also supports multiple scenario analyses, providing valuable input for budgeting and forecasting processes in this area.

Fincorex^® supports centralized management of loans and credits across the organization. It generates schedules according to specified parameters and supports the amortised cost method. The solution presents the financial impact of instruments on the income statement, balance sheet, and cash flows.

It generates accounting entries in any form or layout, allowing you to easily feed your EPR system with data calculated in Fincorex^®. It also allows you to create multiple scenarios, which support budgeting and forecasting processes in this area.

This module provides a comprehensive business valuation model based on historical and projected discounted cash flows the company is expected to generate. A key factor in the valuation process is the Weighted Average Cost of Capital (WACC). The model supports company valuation under different WACC assumptions, allowing sensitivity analysis to evaluate the impact of this critical parameter on valuation outcomes.

Automation and clarity in everyday financial tasks.

Fincorex^® proves its value where the scale and complexity of controlling demand absolute reliability and precision.

Kobi Altman

CFO at Remilk Group

Fincorex^®, as a SaaS system, is an optimal solution for our growing needs.

We first started by implementing actual reporting. We were so pleased with the system that we moved forward and introduced planning and budgeting capabilities including long-range planning scenarios, followed by the complex costing module.

We recently expanded the platform to include the consolidated balance sheet, P&L, and cashflow statements as well as an HR module where we manage and report cost of labor, payroll, and headcount information. Everything is running smoothly, and we receive strong support from Fincorex’s professional experts!

Fincorex^® meets our high standards and has made a significant positive impact on our company’s financial control.

Case study

Client

A large IT company offering both hardware and software services.

Potrzeba

The organization required a tool for precise salary planning and staffing needs per cost center, with automatic consideration of contract types and calculation of social insurance contributions (ZUS) and Employee Capital Plans (ECP) costs.

Read the full case ➔

What makes Fincorex® stand out?

Flexible system

Fully configurable to adapt to your company’s changing needs, not the other way around.

Clear reporting

Designed from a controller’s perspective. Work seamlessly in an intuitive application or in Excel, with visualizations in Power BI.

Fast implementation

Built-in financial logic enables a quick and structured implementation, completed in weeks, not months.

Easy to manage

Controlling teams can independently add and modify system elements such as accounts, cost centers, or user permissions, without IT support.

Automated processes

All entered data are aggregated and consolidated instantly, with no additional procedures required.

ERP integration

Imports data from accounting and ERP systems such as Symfonia or Oracle, with the option to integrate any other data source.

Full change control

Tracking all data and system changes, with information about their authors and time.

Security

Your organization’s data is protected through corporate account login, multi-factor authentication (MFA), and regular system updates.

Let’s talk about controlling
in your company

Book a consultation with us

Choose a convenient time in the calendar to schedule a meeting during which we will:
• discuss your controlling challenges;
• propose an approach to address them;
• seta date for a solution presentation.
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Next, we will conduct a system presentation tailored to your specific controlling needs.

We will also show you broader perspective sand possibilities of the system in the context of your organization.

We also offer the development of models in the ‘Proof of concept’ formula. If you share details of your reporting model or data collection process withus, we will recreate it in the Fincorex^® system and present the results during a follow-up meeting.

We look forward to meeting you!