Multi-Company Reporting for Dynamics 365 ERP with FYIsoft

Multi-company reporting involves consolidating financial data across independently operated businesses, often owned or managed by a single holding group or investment firm. This process is essential for finance and accounting teams but can be complex due to varied systems, policies, and structures. Whether generating financial statements for individual entities, creating reports for specific company groupings, or delivering a comprehensive consolidated view, numerous challenges must be overcome to ensure accurate and timely reporting.

Key Challenges in Multi-Company Reporting in Dynamics 365

1. Lack of Standardized Systems – Separate entities may operate on different accounting software or ERP systems, leading to integration difficulties.
2. Diverse Accounting Policies – Variations in charts of accounts, revenue recognition, and expense management create inconsistencies in reporting.
3. Limited Control – Parent companies often lack operational control over subsidiaries, making standardization more complex.
4. Complex Ownership Structures – Minority interests, equity investments, and partnerships make reporting more complicated.
5. Data Access and Sharing – Securing timely and accurate data from independently managed businesses can be challenging.
6. Diverse Reporting Objectives – While internal reporting focuses on performance and compliance, multi-company reporting may also be required for investors, lenders, and regulators.

Streamlining Reporting with FYIsoft for Dynamics 365 for Multi-Company Reporting

Companies managing multi-entity financial data may struggle with slow, manual reporting processes, like the need to login to separate company databases. Data silos across various systems may require either labor-intensive manual consolidation or IT support, both of which cause delays and potential errors.

FYIsoft's multi-company reporting solution?includes the technology?ConnectFYI?, which automates consolidation and reporting for multiple entities. By integrating directly with each company’s ERP system, ConnectFYI? extracts and standardizes financial data, storing it in a centralized data mart for instant reporting access.

By eliminating manual work, FYIsoft significantly boosts productivity and improves the accuracy of financial statements, making real-time, automated reporting a reality.

Case Study: Multi-Company Reporting for a Global Manufacturer

A U.S.-based manufacturing company struggled with integrating financial data from its European operations, which ran on a Microsoft Dynamics ERP that was different from their U.S. operations. The accounting team had to manually transfer financial data between systems, taking weeks to consolidate the numbers.

After implementing FYIsoft, the company fully automated its reporting process, drastically reducing manual tasks and expediting month-end close by 38%. The CFO noted that beyond time savings, the biggest benefit was the ability of the accounting team to focus on data analysis rather than manual data handling.

Download the case study to learn more.

FYIsoft’s Reporting Software Loved by IT

While FYIsoft’s technology is powerful, its simplicity sets it apart. Designed specifically for finance and accounting teams, FYIsoft requires minimal training and no IT assistance.

Finance teams benefit from a single secure login and one screen, enabling seamless access to financial data from all entities. With FYIsoft, there’s no need to manage multiple spreadsheets, databases, or windows. Generating reports for any entity or consolidation level is as simple as a few clicks.

For IT teams, FYIsoft eliminates the need for custom reporting solutions, freeing resources for more strategic initiatives such as cybersecurity and AI innovation.

Experience Effortless Multi-Company Reporting in Dynamics 365

Multi-company reporting demands a solution that is flexible, scalable, and easy to use. FYIsoft is purpose-built to conquer these challenges. If your organization struggles with reporting inefficiencies, schedule a demo today and discover how effortless multi-company reporting can be with FYIsoft.

Learn More:

Download the whitepaper on FYIsoft’s Technology Advantages.

By FYIsoft, fyisoft.com

This article originally published on ERP Software Blog https://erpsoftwareblog.com/2025/02/multi-company-reporting-for-dynamics-365-erp-with-fyisoft/