CloseCoda

CloseCoda

Kognitiv
Quick Consols

Quick Consols

4.9 out of 5 stars
CloseCoda Quick Consols

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CloseCoda:

About

CloseCoda is a purpose-built consolidation solution for Workday Financials designed to address multi-level hierarchy waterfalls and elimination challenges that native Workday lacks. It automates the preparation of consolidated trial balances and reports across multiple entities, levels, and periods, enabling companies with complex structures to close faster and with greater accuracy. With automation built for effective data consolidation, sub-level eliminations, and large column counts, CloseCoda can be configured to your business design, works as a turnkey tool during implementation or post-go-live, and offers subscription-based ongoing utility. Clients report savings in consolidation efforts, with deployments often achieved in 3-5 business days. The system simplifies implementation, supports enterprise-level reporting across multiple projects or portfolio companies, and brings consistent, reliable consolidated data without manual effort.
Quick Consols:

About

Quick Consols is a financial reporting tool for companies and groups that need monthly or annual consolidated accounts. Handles consolidation complexities for groups with multiple year ends, multiple currencies, different charts of accounts and ERP systems with a slice and dice approach to reporting. The app supports partial consolidations. Use our business unit function to create different views of your group, right down to cost centre or profit centre level. Our Analytics module creates visually rich graphs and charts with a slice and dice approach to seeing your consolidated numbers the way you want with a wide range of custom options. Use the financial statements module to prepare your statutory accounts, whether they're annual, half yearly or quarterly using our custom built templates no matter the underlying Accounting Standards you use. Quick Consols is high tech and high touch which means consultants available to assist with your implementation and support.
CloseCoda:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
Quick Consols:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
CloseCoda:

Audience

Finance and accounting teams requiring a solution to automate complex, multi-entity consolidation and elimination reporting across hierarchical structures
Quick Consols:

Audience

Companies looking to automate their consolidation and financial statement function
CloseCoda:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
Quick Consols:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
CloseCoda:

API

Offers API Not Supported
Quick Consols:

API

Offers API Supported
CloseCoda:

Screenshots and Videos

Quick Consols:

Screenshots and Videos

CloseCoda:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
Quick Consols:

Pricing

$500/month
Pricing is based on the size of your group and includes unlimited users and unlimited technical support.
Free Version Not Supported
Free Trial Not Supported
CloseCoda:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Quick Consols:

Reviews/Ratings

Overall 4.9 / 5
ease 4.9 / 5
features 4.8 / 5
design 4.7 / 5
support 4.7 / 5
Quick Consols:

Pros & Cons from Real Users

Pros

  • Effective Financial Consolidation: Quick Consols excels in consolidating financial data into coherent income statements and balance sheet reports, making it vital for financial management. Multi-Currency Proficiency: The app efficiently handles transactions in multiple currencies, a crucial feature for businesses operating internationally. It ensures accuracy in financial reporting despite currency variations. Compatibility with Various ERP Systems: Quick Consols integrates seamlessly with different ERP systems, unifying scattered financial data into cohesive reports and reducing the likelihood of manual errors. Intuitive User Interface: The app boasts a user-friendly interface, simplifying navigation and report generation, thereby enhancing user experience. Time and Effort Efficiency: Automation of month-end processes by Quick Consols significantly reduces the time and effort required in financial reporting, freeing up the finance team to focus on strategic tasks. Reliability and Robustness: Quick Consols is described as a robust and reliable tool, essential for any finance team dealing with complex, multi-system financial data.
  • Quick Consols is a brilliant and exceptional tool that helps us stay on top of our cash flow and it helps us manage vendor payments, client payments and optimize cash flow by easily scheduling payments. It has made financial management more easier, smooth and simple. It is more advanced and efficient.
  • With its user-friendly design, automated data consolidation, and real-time updates, Quick Consols completely changed the way I approach financial reporting, saving me time and improving decision-making.
  • By tracking accounts receivable and accounts payable, Quick Consols software helps us stay on top of our cash flow. We can monitor loan outstanding client payments, manage vendor payments, and optimize cash flow by scheduling payments strategically.
  • I'm very impressed that I can easily generate accurate financial reports on the right time with Quick Consols. It's more advanced, easy-to-use and efficient. Quick Consols monthly subscription fee is affordable thus it's cost saving.

Cons

  • Learning Curve: For new users, especially those not familiar with financial consolidation tools, there might be an initial learning curve in understanding how to best utilize all the features of Quick Consols. Dependence on Data Quality: The effectiveness of Quick Consols, like any data consolidation tool, is heavily dependent on the quality of the input data. If the data from various ERP systems is not standardized or clean, it may affect the accuracy of the consolidated reports.
  • Quick Consols does not support mobile application and it lacks a free trial version. Nothing much to mention as a dislike about it.
  • While initial setup needed additional work, once adapted, it was a blessing. Although there weren't many modification choices, eventually offline work was possible.
  • It was difficult to deploy it with our existing system.
  • Quick Consols lacks a free trial version. Again, Quick Consols lacks a mobile app and I do suggest to see more improvements about this.
CloseCoda:

Training

Documentation Supported
Webinars Supported
Live Online Not Supported
In Person Not Supported
Quick Consols:

Training

Documentation Not Supported
Webinars Not Supported
Live Online Supported
In Person Supported
CloseCoda:

Company Information

Kognitiv
Founded: 2008
United States
kognitivinc.com/closecoda/
Quick Consols:

Company Information

Quick Consols
Founded: 2017
South Africa
www.quickconsols.com
CloseCoda:

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Quick Consols

4.9 out of 5 stars
Quick Consols:
CloseCoda:

Categories

Quick Consols:

Categories

Quick Consols:

Business Performance Management Features

Ad hoc Analysis Not Supported
Ad Hoc Reports Not Supported
Budgeting & Forecasting Not Supported
Consolidation / Roll-Up Supported
Dashboard Not Supported
Key Performance Indicators Not Supported
Predictive Analytics Not Supported
Qualitative Analysis Not Supported
Quantitative Analysis Not Supported
Scorecarding Not Supported
Strategic Planning Not Supported

Financial Management Features

Budgeting & Forecasting Not Supported
Cash Management Not Supported
Consolidation / Roll-Up Supported
Currency Management Not Supported
Financial Reporting Supported
Investment Management Not Supported
Project Management Not Supported
Revenue Recognition Not Supported
Risk Management Not Supported
Tax Management Not Supported

Financial Reporting Features

"What If" Scenarios Not Supported
Audit Trail Not Supported
Balance Sheet Supported
Cash Management Supported
Consolidation / Roll-Up Supported
Forecasting Not Supported
General Ledger Not Supported
Income Statements Supported
Multi-Company Supported
Multi-Department / Project Supported
Profit / Loss Statement Supported
CloseCoda:

Integrations

QuickBooks Online Not Supported
Workday Financial Management Supported
Xero Not Supported
Quick Consols:

Integrations

QuickBooks Online Supported
Workday Financial Management Not Supported
Xero Supported
CloseCoda:
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Quick Consols:
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