Beyond Square Solutions

FinAlyzer


4.5 / 5
9 reviews

Who Uses This Software?

Finance & accounting teams from all industry verticals


Average Ratings

9 Reviews

  • 4.5 / 5
    Overall

  • 4.5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    $29.00/month
  • Pricing Details
    - subscription model - On premise enterprise license options available
  • Free Trial
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Beyond Square Solutions
  • beyondsquare.com/
  • Founded 2010
  • India

About FinAlyzer

FinAlyzer automates financial consolidation, management & financial reporting (IndAS, IFRS, USGAAP etc), segment profitability & dash-boarding. It is useful for organizations having multiple business lines, entities or reporting requirements. ERP & BI solutions do not address process needs of financial consolidation. EPM solutions are effort & cost intensive. FinAlyzer is fast to setup, cost-effective & easy to use. It frees up time from report preparation and helps teams focus on analysis.


FinAlyzer Features

  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement

FinAlyzer Reviews Recently Reviewed!


Beyond Square

Feb 26, 2019
4/5
Overall

4 / 5
Ease of Use

3 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Potential to be a blockbuster tool. Like the look and feel and certain UIs involved.

Cons: Data optimization and indexation. Especially when the data to be processed is voluminous, finding it annoying to wait for the processing to end.

Overall: Benefits - it helps us organize the functionalities of having multiple data input and books of accounts.

Problems faced - Data optimization when working with huge volume of data

Suggestions

1. Single logon - if can be mapped with the entity log on security, I have seen some other cloud tools have this feature enabled.

2. Roll forward feature to carry balances from one financial year to another

3. User level restriction to certain books/segments based on customized authority matrix

4. Training for admin users to use the tool to the fullest extent possible

5. Dynamic creation of reports rather than standard types. Each user will have an unique data set and requirement. The tool at this point doesn't fulfil that potential, I hope in future it will

6. I would personally like manual intervention after go live to be minimal on administering the activity

7. Issue log for all the changes including the admin activities

8. Additional VPN security protocol when data pertaining to large corporate are accessed outside of the company's network. This feature will enable authentication and minimize the impact of social engineering activities.

About FinAlyzer

Feb 27, 2019
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: My organisation has been doing multi level consolidations manually using Excel worksheets. We were then introduced to this software and were informed that it could do just exactly what we were doing manually. And indeed it did exactly that! What I liked most about this software was that I could customise the Consolidation reports just the way I desired. I also like the drill down option that this application has. One can just click on a number of an item to see what are the components that make up the total number. The Beyond Square Team has helped us tirelessly in providing a good solution towards our requirement.

Cons: There is nothing that I disliked about this software.

Overall: As mentioned above, we are now using FinAlyzer to do our quarterly and yearly consolidations. We are also using it for our Budget Consolidations.

Capterra loader

Comprehensive EPM software that even mid-sized businesses can adopt

Feb 15, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The simplicity and 'fit for purpose' design are the best things about the software. The product takes care of the process and control aspects of financial consolidation & reporting. It helps geographically spread teams to easily collaborate and complete the consolidation process effectively and on time. The change management process is easy, as end users find it easy to learn. The users can also customize the reports on their own, and thereby removing ongoing dependence on IT teams. It is a software that businesses can consider for automating their segment wise profitability reporting, entity level management reporting, investor reporting & statutory financial reporting

Cons: I loved everything about the software and it is very hard to point this out.

Overall: We have had a pleasant experience working with FinAlyzer, not just the product, but the service the company has provided. They go out of the way to provide solutions and are ready to customize the software to meet our specific requirements

Customer Feedback

Feb 27, 2019
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Very user friendly, supports multi accounting standard and pre-built taxonomies. Wins over users with excel output templates. Key pain points of multi-currency consolidation and exchange rate management is effective.

Cons: Ability to configure organisation hierarchy in the middle of financial year with multiple changes with multiple effective dates, needs lot of extra effort to manage reporting requirements.

Overall: Financial Consolidation and Reporting for 4 countries, in 4 local reporting standard requirements. At the group level in IFRS standards. Reporting formats are different for internal management and statutory audit formats. Every requirement is pre-built and configured through single chart of accounts and report mapping requirements.

Our reporting timeline has significantly reduced by 4 weeks.

Excellent MIS Reporting Software

Aug 08, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: 1. Easily configurable by business use4

2. Simple to navigate and learn

3. Supports all features required by a finance team for MIS reporting & Statutory reporting

4. Supports IndAS, IFRS and other GAAPs

5. Supports forex translation, eliminations and other features of consolidation

6. Supports configuring of rules for automatic allocation of overhead costs for profit-center reporting

7. Rich audit trail

Cons: All our requirements are currently met satisfactorily. No cons.

Overall: FinAlyzer has improved the quality and accuracy of reporting and reduced the overall time taken in our annual close and monthly reporting processes. This has freed up time for analysis, rather than on report preparation.

Finalyser for Management

Mar 13, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: User friendly, ease to operate and useful for Management decision

Processing is faster and time saving

User can concentrate in analyzing the data instead of using their time in preparation of data

Cost effective

Cons: Nothing specific about this product in this category

Overall: Consolidation made easy with multiple currencies

Timely data to Management

Savings in processing time before and after using Finalyzer by 1 day.

FinAlyzer Review

Feb 26, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: It is very user friendly and simple to use. Apart from this, service from the company is very good.

Cons: Not much negative points about it. It is a good software

Overall: Overall my experience with Finalyzer is very good and hope they can bring more softwares

MIS

Feb 15, 2019
5/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: User friendly in getting data at your finger tips

Cons: it will be good if upload sheets are reduced to avoid manual work

Overall: Good

Finalyzer as consolidation tool

Feb 22, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Flexibility for modification and customization

Cons: Nothing to mention specifically. But yes, interface needs to get improved with time.

Overall: Good.