How to manage multi-entity workflows with GATHER.nexus

Moving from a single-entity corporate structure to a multi-entity structure is a significant step in a business’s growth journey.

It is often driven by overseas expansion, corporate acquisitions, more sophisticated tax structuring (IPco and Opcos) or the build-out of a multi-site business (hotels, bars, gym clubs, and garden centres being some typical examples).
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For scale-up Technology businesses, this is often accompanied by Venture Capital fundraising activity.

Exciting commercial progress - but for finance teams, it also typically means a surge in complexity: 

• cross-border intercompany transactions and recharges
• transfer pricing complexities
• consolidated level reporting and budgeting
• more exacting investor reporting requirements
• the need for due-diligence proof financials

Finance teams will be familiar with the challenges involved in managing multiple ledgers in Xero or QuickBooks. From maintaining intercompany counterparties in balance to battling a group consolidation spreadsheet with ever increasing complexity, the manual workload can feel oppressive.

GATHER.nexus was built by a team with years of experience in managing finances in multi-entity scale-up businesses, through multiple investor due diligence rounds. 

The GATHER Platform delivers a single, unified workflow for multi-entity finance operations, reporting and analysis.

With the GATHER Platform, your team can manage the end to end multi-entity workflow across Intercompany Control, Group Financial Reporting, and Group Financial Planning modules in an intuitive, structured, and auditable manner:

Intercompany Control: 

• Replace manual journals with a quadruple-entry posting engine that automatically generates counterparty entries (including across currencies) for invoices, bills and journals, keeping your ledgers in balance in real-time
• Automate intercompany recharges with splits, mark-ups and discounts
• Track intercompany counterparty pairs throughout the month with matrix and timeline views
• Identify then fix any period end reconciliation issues with a centralised matching and posting engine

Group Financial Reporting: 

• Move away from manual spreadsheets with AI-assisted GL mapping and automated eliminations, including FX differences in reserves journals with full backing calculations
• Validate underlying financial data and elimination postings in audit-ready consolidation working papers – with three level drill down analysis
• Cross reference consolidation working papers with work performed in the Intercompany Control module
• Natively handle complex consolidation scenarios (partial consolidation, acquisitions) without the need for spreadsheet export/import

Group Financial Planning: 

• Prepare GATHER-level budgets by division or region for actual vs. budget analysis
• Natively roll-up divisional budgets to create a Group Budget
• Analyse trends and variance with three level drill down

With the GATHER Platform, the days of juggling manual spreadsheets or siloe’d single point solutions to manage multi-entity workflow and reporting challenges – happily - become a thing of the past. 

A huge thanks to the team at GATHER.nexus for providing us with these insights into modern multi-entity workflows. Want to learn more? Don’t hesitate to reach out to the team at Gather.nexus.

Book your demo or sign up for a free 30-day trial here.