BrightAnalytics: an Amelkis alternative for consolidated management reporting

Why companies choose BrightAnalytics

1. Real-time steering beyond statutory closings

Statutory consolidation software is designed primarily for periodic regulatory closings, audit compliance, and legal filings. While meeting legal compliance is essential, managing a growing group requires daily operational and financial oversight rather than waiting for month-end or annual closing cycles.

BrightAnalytics serves as your daily control tower. We automatically combine real-time cash flow statements, profit and loss reports, balance sheets, and budgets into a single dynamic platform. Instead of working with static snapshots, management and group controllers get a live 360-degree view of operational and financial reality every single day.

2. 400+ fast and direct integrations

Traditional group reporting platforms often rely on manual subsidiary packs, trial balance uploads, or Excel exports from foreign entities. This creates a heavy administrative burden during closing periods and increases the risk of mapping errors. 

BrightAnalytics bridges the gap across international subsidiaries with its direct integrations: 

• 400+ native connectors: Connect directly to global enterprise resource planning (ERP) systems alongside local accounting packages, cloud or on-premise. 

• Automated data flow: Figures sync automatically overnight, and you can trigger an on-demand update whenever you need real-time figures during closing periods.

• Built-in health check: The system continuously monitors for GL mapping gaps or discrepancies between booked entries and reported figures, keeping data 100% aligned with your source systems

3. Self-service, without a specialist on standby

Modifying reporting structures or adjusting chart of accounts mappings in traditional statutory tools often requires calling in specialized external consultants or integrators. BrightAnalytics puts complete administrative control directly back into the hands of your finance team:

• Admin panel control: Update reporting structures, general ledger account mappings, dashboards, and user permissions directly inside our self-service admin panel. 

• No technical barriers: Finance and business teams can manage setup changes quickly without submitting change requests to external specialists or IT.

• Rapid deployment: Embedded financial logic allows your team to go live with pristine visual reporting in two to six weeks.

4. Consolidation that handles the complexity for you

Managing a multi-entity group requires automating the parts of group reporting that eat up the most time. Our Advanced Consolidation app handles legal and managerial consolidation out of the box:

• Automated intercompany eliminations: Intercompany transactions are identified directly at the source, using AI matching across currencies and entities to pair sales and purchase records automatically.

• Built-in legal methods: Full, proportional, or equity consolidation methods, along with dynamic shareholder registers, run without custom code.

• Live exchange rate conversions: Multi-currency translations process automatically using live exchange rates from central banks like the European Central Bank.

5. One reliable source of truth

BrightAnalytics data stays 100% aligned with your source systems. The built-in health check catches discrepancies between what’s reported and what’s booked before they reach your reports. With everything captured in one platform, you always have a single, clear version of your financial and operational performance to work from.

6. Deep drill-down to the transaction and invoice level

BrightAnalytics provides complete transactional transparency directly in your web browser. You can slice and dice data across different analytical dimensions and cost centers with a few clicks. Whenever you spot a budget variance or cost discrepancy, you can click straight through management layers to individual general ledger postings, right down to the original scanned PDF invoice originating from your ERP.