Aaro Systems: The perfect software for Consolidation, Analysis and Group Reporting.
Aaro is used by over ten thousand users in 140+ countries from around the world. It helps its clients with 2-500+ subsidiaries whilst complying to IFRS and other local accounting standards.
In everything Aaro does it strives to make consolidation, analysis and group reporting:
- More transparent
Importing Journals & other data is easy
When we look at data collection, you can consider AARO as a Business Ware house. You can load data from your ERP via text-file, Excel or direct from the database/system or maybe from your preferred IPAAS or interlayer.
You can also manually enter data, and adjust the data with Journals if needed. The data can be of any periodicity: Actual, Budget, Forecast. Most customers use AARO for more than just financial figures. Statistics, Comments, and even other documents can be stored in AARO.
Calculations and Eliminations
When the data is loaded, AARO will take the Acquisition register into account. The Acquisition register and Excess value register is in place from day one. Aaro takes care of the logic – no need for a costly implementation with unclear responsibility.
Everything that is possible to eliminate or calculate automatically will be done automatically if you so prefer. You can also choose to do it manually, but for an effective process we think it’s better to let the system do as much as possible.
When you report your Intercompany transactions, AARO will match and eliminate. No more differences between what is matched and what is eliminated and the intercompany feeds the P&L and Balance Sheet. AARO will separate on match differences, depending on exchange rates and what are real differences.
Everything is done in Real Time
Everything is done in real time, when you put a receivable in the system, it is compared with it’s counterpart as the data is entered. Your Intercompany process will be accelerated because everything can be resolved directly between the subsidiaries, without corporate interference.
Statutory and Operational data is consolidated in one solution, this leads to high quality, it doesn’t matter if you split the group reports into markets, products or legal entities - you get the same total. You save a lot of time and your business controllers can be confident in their figures because it’s possible to see the link to group accounting.
Easily share your Reporting and Workflows
The whole Reporting Process can be Monitored by the users themselves, or at Group level for several entities. To make it simple for users to understand when they should perform different activities, and what should be done, there is a calendar, and linked to the calendar there can be one or many workflows. This may be across the whole organisation, or just for specific group of users. From the calendar you can link the closing activities and monitor progress from the involved people.
Liked by Auditors & Easy to collaborate
Auditors, both externally and internally, like the clear and transparent report generator. All information is traceable to make it easy to understand and explain your numbers to for example your auditors.
Users can also Collaborate by creating different DashBoards for different purposes. It is also easy to share your work and findings with your colleagues
What makes AARO better than the other alternatives?
- AARO enables you to make educated decisions based on data faster.
- Among AAROs customers there are really big ones and customers that re organise their structures frequently. The do it in AARO much faster than in their other systems.
- AARO has an attractive price model and your IT-manager will like how easily it integrates. Furthermore, your closing process will be faster.
- And finally, you can trust the reports, all is transparency. You can split your group figures into legal entities and different operational parameters and the total will be the same.
Here's an example of the AARO User Interface: