3.8.20, Dublin, Ireland – Fincovi, an Irish financial services company who provides commercial asset management services to clients in the renewable energy industry has adopted AccountsIQ’s financial management software.
Fincovi provides wind and solar power companies with specialist financial back office services. Using a combination of AccountsIQ and their own proprietary technology, they help their clients reduce administration costs and improve the consistency, reliability and timeliness of financial information.
Key to successful commercial asset management is the ability to see KPIs at a glance and across the whole portfolio. To solve this problem Fincovi has developed OneView, a renewable energy platform for asset managers. With AccountsIQ’s as their accounting and consolidation software, Fincovi has been able to develop a deeply integrated solution, providing clients detailed and custom financial statements, budget comparisons and performance reporting. Fincovi’s clients are free to grow their assets under management more profitably and make data driven business decisions quickly. Fincovi also integrates third party data sources into OneView, like scada data, to estimate and reconcile revenue and costs automatically.
“We selected AccountsIQ as our accounting platform for its unique capability to manage wind and solar farm SPVs in a highly controlled environment. We evaluated many accounting packages before selecting AccountsIQ as part of our technology stack, as it is the ideal system to manage multiple assets. Our business leverages AccountsIQ’s controls, consolidation ability and API accessibility." - Ray O Neill, CEO of Fincovi
AccountsIQ has rapidly become the financial management platform of choice for renewable energy companies. The award-winning Cloud software has unique consolidation features that allow companies to manage all their SPVs on one platform with the same coding structure.
Ray adds, “Giving clients confidence in their data and having it at their fingertips is essential to stay in control and manage cash across the portfolio."
Fincovi is a radically better financial and compliance solution for the renewable energy industry. Powered by experts and technology Fincovi is changing the way commercial asset management is done.
Today leading asset managers in Europe use Fincovi to manage their commercial asset management and consolidate their financial statements into one place.
Fincovi is a great success story for the midlands of Ireland. Headquartered in Athlone, Co. Roscommon, Fincovi also has offices in offices in Dublin and Hyderabad.
For more info on Fincovi and the commercial asset management services that Fincovi can provide visit https://www.fincovi.com for more information.
AccountsIQ's award-winning financial management and consolidation software simplifies how finance functions capture, process and report the results of multiple location businesses.
Built for the cloud, AccountsIQ is ideal for dynamic businesses that are growing locally or internationally, via subsidiaries, acquisition or through a franchising model, enabling anytime-anywhere processing, while allowing easy central control and consolidated reporting of results. Its unique consolidation engine, along with its ability to integrate with other applications, makes it easy to scale.
Today, over 4,000 companies in 85 countries enjoy 24/7 access to top level Financial Management functionality, providing smarter working practices including an integrated approval workflow app, expenses app and API integration with front end systems, while delivering simple and accurate consolidated results and a superior level of business insight.
Award-winning AccountsIQ was voted Enterprise Accounting Software of the Year 2019 for the second year running at the UK Accounting Excellence Awards and has been ranked in the top half of the Deloitte’s Technology Fast 50 high growth index for the past 4 years.
Headquartered in Dublin, Ireland, AccountsIQ also has offices in London and delivers via top tier hosting sites in Europe, USA and Australia. See www.AccountsIQ.com for more information.