Is your corporate group struggling with complex financial consolidations, inter-company transactions, and board-level reporting? Standard SME accounting solutions can’t handle the scale and complexity of a large enterprise. You need a bespoke solution from a team that speaks your language.
What is Enterprise Accounting? A Simple Guide
Enterprise accounting deals with the complex financial needs of large corporations. These businesses often consist of multiple smaller companies or divisions (a corporate group). Enterprise accounting involves “consolidating” the financial data from all these different entities into one single set of reports for the parent company. It also involves dealing with more complex accounting standards (IFRS), integrating with large-scale Enterprise Resource Planning (ERP) software like SAP or Oracle, and managing high volumes of international transactions.
Why Choose StartupHero for This?
Our enterprise team is composed of Chartered Accountants (CAs) with “big four” firm experience. We have the expertise to manage multi-entity structures, implement robust financial controls, and provide the high-level, accurate reporting that corporate boards and stakeholders require.
Our services for enterprises include:
- ✅ Multi-Entity & Financial Consolidation: Managing accounting for multiple legal entities and providing accurate consolidated financial reports.
- ✅ Complex Technical Accounting: Handling complex revenue recognition, financial instruments, and international accounting standards.
- ✅ ERP Integration & Support: Working with enterprise-level systems like SAP, Oracle, or NetSuite.
- ✅ Corporate Governance Support: Assisting the CFO and board with the financial aspects of corporate governance and audit preparation.
Client Testimonial
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“As a group with five subsidiaries, the monthly consolidation was a nightmare for our small in-house team. The LEAD team from StartupHero streamlined the whole process and now provides our board with clear, accurate consolidated reports.”
Frequently Asked Questions (FAQs)
Q: Is this a fully outsourced or a co-sourced service?
A: We offer both. We can act as your fully outsourced finance department or work on a co-sourced basis to support your existing in-house finance team.
Q: Can you assist with our annual audit?
A: Yes, a key part of our service is preparing a comprehensive audit file for your external auditors, which streamlines the annual audit process and can reduce audit fees.
For corporate-level financial management, control, and reporting, engage our LEAD Enterprise team.
Group CFO, Johannesburg –
As a group with five subsidiaries, the monthly consolidation was a nightmare. The LEAD team from StartupHero streamlined the whole process and provides our board with clear, accurate consolidated reports.