Financial Reporting made easy

When it comes to eliminating mundane and time-consuming tasks associated with manual accounting, automation is the ideal solution. It not only helps in minimizing human errors but also streamlines the entire process. Imagine the benefits of a robust system that can consolidate financial reports across different countries, optimize collaboration and enhance electronic review at the click of a button.

ePic is a multi-dimensional toolkit capable of delivering automated processes for customers facing a wide range of internal and external reporting challenges. Our platform enables the deployment of targeted user-defined applications handling extensive business processes from trading oversight and exchange requirements to regulatory compliance and back-office finance and accounting requirements.

ePic can be instrumental in helping your company meet current industry requirements like comprehensive business continuity planning and strict adherence to legal as well as compliance standards.

The realities and challenges of accurate financial reporting for today’s businesses

Absence of a centralized, single version of data for financial reporting Manual data processing and reporting Minimal data transparency on how calculations are done
Multiple data sources with different sets of filters Several internal accounting and finance teams with different procedural processes Limited security on recorded data

Key Features

Data
Warehousing

Centralized warehouse for all your financial data. Create and maintain monthly datasets of trial balance data, budget data, consolidated data, and relevant mappings in the same system.

Data Granularity &
Drill Down

Prepare a complete set of financial reports from the trial balance stage. Easy drill down to the most granular data in the same report using hyperlinks, pivots, etc.

Systems
Integrations

Built-in integration to CTRM / ETRM systems and ERP / Accounting systems. Powerful API and ETL engine. Integrated with Identity Access Management software like SailPoint, CyberArk, etc.

Custom Reporting
Layout

Continue to receive user-defined excel report format automatically from the system. Reporting in BI tools like PowerBI, Tableau, etc. End reports are available in several formats like excel, delimited, pdf file, etc.

Consolidation

Easy consolidation of group entities, ideal for joint-venture accounting, fund accounting, and all types of multi-entity performance monitoring. Ability to generate separate reports per entity as well.

User
Friendly

Generate reports at the click of a button or in a predefined schedule. The batch processing mechanism provides tracking of each step. Easy reporting to perform data analysis quickly to help analyze financial ratios, etc.

Analysis &
Analytics

Efficient and highly flexible, embedded XBRL solution making it easier to generate, analyze and share the created financial reports.

Easy Standardization
Integration

Next-generation report capability that enables easy customization of content, styles, and formatting specific to the entity.

Financial Reporting Solutions by ePic

Financial Statements

  • Prepare full set of financial statements from trial balance data
  • Detailed data available with hyperlinks in the same report
  • Consolidated as well as entity wise reporting
  • Map and maintain all the account tagging and reporting lines in one place
  • XBRL tagging

Variance
Reporting

  • Load budget data into the system using excel / csv files or user defined table
  • Maintain multiple versions of budget data in the system
  • Perform budget variance analysis on the actual data & forecast data with easy switch between different versions
  • Eliminate time-consuming manual checks and ties to source financial data

Management Reporting

  • Prepare monthly management reports in full IFRS or custom formats.
  • Generate easy insights from the reports
  • Perform integrity checks on various customizable parameters
  • Prepare reports like ‘balance sheet variance’, ‘income statement variance’, ‘EBITDA bridge’, ‘non-GAAP financial rollup’

Statutory Reporting

  • Ability to prepare a complete set of abridged financial statements that meet the reporting requirements of GAAP, IFRS, and local regulatory bodies (e.g., SEC)
  • Preparation of quarterly financial statements to regulatory authorities