Our expert team of CAs and Tech specialists help our customers in implementing this in such a way that the entire application is handled completely by the functional finance team itself.
eMerge has been trusted and used by our esteemed users mainly because of the powerful and useful features it has.
IndAS, IFRS, US GAAP, local GAAPs and even completely different management reports can be easily configured. One set of data drives multiple GAAP reports. Users can easily modify the GAAP reports to add/ remove schedules and groups.
You can create multi-level hierarchies with different currencies where the financial reports can be rolled up giving consolidated financials at inner holding levels too. Inner level consolidation can be of different GAAP and different currency as well.
Alternate reporting hierarchies can be created - for management reporting / segment reporting (product-wise, geography wise) etc. Same data flows into multiple hierarchies thereby maintaining the consistency of the reports.
Subsidiaries / Entities having different ERP systems and /or different financial periods can prepare their local standalone financials in their corresponding periods. However, for consolidation purpose, the data available in one financial period can be converted to another financial period. For example - Trial balance for Jan-Dec can be converted to Apr-Mar.
Companies can have different currencies in a group. Foreign Currency Translation Reserve (FCTR) computation is automated – at standalone entity as well as in intra-group eliminations and detailed audit report of the same is provided.
eMerge does not care which ERP is used by the entities. Trial balance from any accounting software can be imported in eMerge. eMerge does not require the conversion of Trial Balance GLs to a common chart of accounts and entities can continue to use their own charts of accounts.
eMerge has a separate Journal Entry feature where users can post journal entries and reclass entries for completion of financial reporting.
• Intercompany (IC) eliminations can be automatically picked if ERP has definitive information available in export of Trial Balance.
• Each intercompany party and counterparty simultaneously views local, counterparty and reporting currencies to instantly collaborate and resolve IC discrepancies.
• Corporate team can always see the resolution state with pre-built intercompany management reports that provide visibility to IC status.
• Automatic computation of FCTR due to eliminations
• Different views and reports are provided to track and reconcile eliminations.
• Each intercompany party and counterparty simultaneously views local, counterparty and reporting currencies to instantly collaborate and resolve IC discrepancies.
• Corporate team can always see the resolution state with pre-built intercompany management reports that provide visibility to IC status.
• Automatic computation of FCTR due to eliminations
• Different views and reports are provided to track and reconcile eliminations.
The standards defined by the regulatory bodies to compute the non-controlling interest for subsidiaries and Equity accounting for Associates and Joint Ventures are in-built features of eMerge.
Detailed report of these computations is available for audit.
Detailed report of these computations is available for audit.
Cashflow by Indirect method can be prepared – both at standalone and Consol level. While the basic cashflow is derived from the relevant GAAP report there is possibility of adding inputs for cashflow specific disclosures. Cashflow statement supported by detailed working is a useful report.
Many supporting reports are a delight for auditors…
• Consolidated Trial Balance
• FCTR computation details
• Elimination reconciliation details
• GL analysis across period and across entities
• Full mapping / version-wise Incremental mapping report
• Drill-down of report numbers up to GL account level
• Consolidated Trial Balance
• FCTR computation details
• Elimination reconciliation details
• GL analysis across period and across entities
• Full mapping / version-wise Incremental mapping report
• Drill-down of report numbers up to GL account level
Automatic removal of casting errors on rounding-off saves effort and pains during the financial closure dates. This was a feature requested by existing users.
A powerful Comparison module is designed to enable the users to create unlimited scenarios for comparing the financial data.
• Comparison across entities, across periods and across report versions
• An important use of Comparison reports is to generate Quarterly results for listed Companies.
• Variance analysis where users can also write comments (especially in case of adverse variance)
• On-the-fly currency conversions to view the reports in different currencies.
• Comparison across entities, across periods and across report versions
• An important use of Comparison reports is to generate Quarterly results for listed Companies.
• Variance analysis where users can also write comments (especially in case of adverse variance)
• On-the-fly currency conversions to view the reports in different currencies.
eMerge gives 100% transparency into data, metadata with complete audit trails of all data points and drill down capabilities for complete confidence and control.
Multiple versions of the same report can be maintained and compared when the data uploads happen multiple times. Hence auditors can get insights into different report runs and the changes therein. This is mandated by MCA w.e.f. 2023.
A flexible custom report module allows users to define more reports that can link and fetch data from financial reports and can also have additional data sources to capture additional financial and non-financial data. Aggregation of these additional reports is possible to give consolidated output.
Custom reports can be developed and managed completely by the finance team and no IT support is needed
Custom reports can be developed and managed completely by the finance team and no IT support is needed
Several small but useful features / reports have been developed after having inputs from user meets.
• Functionality to enter classification of Current and Non-current directly in eMerge as required for presentation.
• Possibility to present values in Debit Group or Credit group depending on the net value e.g. exchange gain/loss, gain/loss on sale of assets etc.
• Creditors having Debit balance can automatically get grouped to Advance to suppliers. Banks having credit balances can be shown in Borrowings in that period and when they have debit balance can be included in Cash and Bank
• Functionality to enter classification of Current and Non-current directly in eMerge as required for presentation.
• Possibility to present values in Debit Group or Credit group depending on the net value e.g. exchange gain/loss, gain/loss on sale of assets etc.
• Creditors having Debit balance can automatically get grouped to Advance to suppliers. Banks having credit balances can be shown in Borrowings in that period and when they have debit balance can be included in Cash and Bank
Noteify is an important feature used in preparation of the complete financial pack.
• Preparation of Additional disclosures (Notes) to complete financial reporting
• Aggregation of data from all entities to create consolidated notes
• Can enter Textual Notes with interspersed numbers (using place holders) picked up from other reports – like mail merge.
The template feature allows you to arrange different parts of the financial report on separate Excel sheets when it gets exported in print ready format. For example…
• Financials
Sheet 1 - Balance sheet with signatory panel
Sheet 2 – Profit and Loss Statement with signatory panel
Sheet 3 - SOCIE with signatory panel
Sheet 4 - Significant Accounting Policies
Sheet 5 – Selected Schedules with footnotes, headers one below the other and so forth
• SEBI report / Quarterly advertisement / Financial Highlights to be included in Annual Report
• The report is virtually print ready. In some cases, minimal formatting may be required – as each company / auditor has may want their own specific way in some cases.
• Financials
Sheet 1 - Balance sheet with signatory panel
Sheet 2 – Profit and Loss Statement with signatory panel
Sheet 3 - SOCIE with signatory panel
Sheet 4 - Significant Accounting Policies
Sheet 5 – Selected Schedules with footnotes, headers one below the other and so forth
• SEBI report / Quarterly advertisement / Financial Highlights to be included in Annual Report
• The report is virtually print ready. In some cases, minimal formatting may be required – as each company / auditor has may want their own specific way in some cases.