Symptoms
- Consolidated financial reporting takes weeks to prepare manually.
- Inconsistencies in balance sheets or P&L across different legal entities.
- Auditors raise flags regarding intercompany transaction reconciliation.
- Difficulties in tracking profitability by region or business unit.
Root Causes
- Stokly multi-company setup not correctly separating ledgers.
- Absence of standardised chart of accounts across entities.
- Manual journal entries to reconcile intercompany movements.
- Insufficient Stokly reporting capabilities for consolidated views.
Stokly ERPXeroQuickBooks Online
Impact: Delayed financial closes, unreliable management information, increased audit risk, and hampered strategic decision-making due to poor data quality.
Cogent Approach: We optimise your Stokly multi-entity configuration, standardise financial processes, and automate intercompany reconciliations to provide precise, timely consolidated financial reporting.