Rephop has been designed for humans – for you. We have followed CFOs’ and accountants’ actual behaviour in planning, consolidation and reporting process and formed it for you. You don’t need to be an IT engineer to prepare your financials in Rephop.
You do not have any unreconciled intragroup transactions nor balancing equity items. Each person is responsible for their own data - you just need to approve it. This will save your time that you can spend on something more fun.
At the end of every reporting period you can feel stressed out. It does not have to be like this anymore. We have implemented automated controls and activities to make your life easier on reporting cycle. You can easily share your numbers with stakeholders.
We differ from others, we do not ask weeks or months of your time to setup the system. You can set up the consolidation within hours and of course if you need we will be there to help.
You can create as many budgets or forecast as you like. Opening a planning period takes less than 1min. If you have planning models in Excel then you can easily import those to Rephop (incl. intra- company transactions).
Our planning functionality uses the same consolidation operations as an actual consolidation process. It calculates minority interests and compares intragroup transactions.
You can use financial or non-financial data to build your own planning model. You can create as many models as you like (e.g. different industries or regions). That means you can automate your planning process and focus only on key indicators that drive your business.
With planning manager you can see the whole planning process or individual plans for each company. You get a full picture where your planning process is.
All your financials are stored and structured in database. You can use any device (with internet) to access your data. You can use filters to see exactly those numbers that are currently relevant.
You have all your data (planned and actual) in one place. That means you can easily generate plan vs. actual reports for periods and entities you need.
You can get consolidated figures that legally are not a group. Just select companies that you would like to see as a group and Rephop generates the report with all details on the fly.
We have designed layouts for reporting to different levels of stakeholders. You can create a layout with only high level figures but you still have detailed numbers for analysis.
All intragroup transactions can be reconciled in Rephop.
Financial position, Income Statement, Cash Flow, Equity movement, Property, plant and equipment, Intangible assets, Sales by country and 3 custom statements.
You can define automatic eliminations (i.e. business combinations, group level revaluations, asset sales etc.) that will be eliminated in each period automatically.
All foreign currency translations will be done automatically. Rephop understands which rate should be used. Rephop takes care of non-controlling interest calculations.
First, you open the consolidation period (dates, due dates, statements and currency rates).
Accountants reconcile and approve intragroup transactions. All those are checked automatically and will be used in the elimination process.
Accountants insert their companies’ financial statements. All currency translations are made automatically. Equity movement table keeps equity items reconciled with opening balances.
Accountants have inserted all data according to IFRS and intragroup transactions are eliminated. Now, CFO needs only to review and make manual eliminations if needed.
Approve consolidation and Voilà. Stakeholders can access latest data through Rephop or you can send reports to them.
I have 7 years experience as an audit manager in Ernst & Young with software design and development experience from Ernst & Young Global.
I have extensive knowledge in designing consolidation and reporting processes for multinational companies.
I have over 10 years of experience in web development, specially in e-commerce sites where the user experience is the key.
Additionally, I have been IT lead to implement ERP and accounting systems in multinational company.
During my entrepreneurial, management and investment career, which started in year 1988, I have been founder, director and investor in more than thirty ventures.
I have led complex transformations, change programs and performance improvement projects in sales, marketing and commercial functions of B2B and B2C companies. My areas of expertise include business transformations, sales and marketing effectiveness improvement and operational management.
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