Demo – the first step toward better group reporting
We demystify implementation and focus on understanding your challenges
Fast demo
Demo in our demo database within 24 hours.
RFP
Do you have an RFP? We're happy to respond before the demo.
Preparing for the demo
Before a demo, we review your group and can already at the first meeting discuss industry-specific experience and solutions we've built in TGA.
Our goal with the demo
To build confidence for a free workshop where we load your data after the NDA is signed.
Free workshop
A week that changes everything. We load your data after the NDA and show how Tiego Group Accounting (TGA) works in your reality – with your structure, your chart of accounts, and your questions.
Group reporting for real – in 7–10 days
The workshop is free and gives you a clear and realistic picture of how TGA can be set up for your group.
With a limited effort on your side, we take you far into a functioning group structure. During the workshop we show how your data behaves in consolidation, identify any challenges, and give a clear picture of how close you are to correct opening balances for material areas such as fixed assets, equity and liabilities.
"Give us 7–10 days and we create group reporting magic. This is exactly what I would have wanted to be offered when I was a CFO earlier in my career."
Mattias Elfgren, CEO Tiego
Our working model is that we handle about 90% of the work, while you contribute about 3–5 hours during the preparation week and participation in the workshop itself.
What we look at
Timeline
7 days before
NDA, data transfer and initial analysis.
2–3 days before
We set up your group structure and prepare consolidation.
Workshop
Half-day where we go through flows, results, insights and next steps.
Your time commitment
3–5 hours during the preparation week
Half a day during the workshop
Total: 6–8 hours.
Implementation of TGA
We deliver the implementation in three blocks to create control, traceability, and a workflow that lasts over time.
Three blocks that build a stable group model
Each block is clearly defined, easy to follow up, and creates a robust foundation for group reporting.
Registers and Reports
Chart of accounts, dimensions and report structure
A demo is run on Tiego's standard chart of accounts, based on BAS 2020 and supplemented with accounts needed for group reporting. Already in the demo, we discuss which dimensions you want; we always include at least department as a dimension.
Everything is prepared for reporting note disclosures for local and group financial statements
Export to management reporting via our "retrieve" functionality that can fetch all information
Department as dimension information (unless you have counterparty in the account string)
BAS 2020 supplemented with accounts for group reporting
During the workshop
During a workshop, we usually spend just under an hour on Block 1. We're clear that the client should roll back at implementation start and spend time further developing charts of accounts to the vocabulary the group uses and adding their own result summary levels that match internal report packages.
Input
Import, mapping and specifications
During the week Tiego has available ahead of the workshop, most of the time is spent importing, mapping to the group chart of accounts, and creating specifications.
Swedish charts of accounts are straightforward (BAS standard), foreign ones can take more time – but we have long experience
With transaction data, we often get all the way to reconciled cash flow analyses
Full traceability – easy to track which changes have been made to reports
Reconciliation reports and interactive reconciliation between companies
If local bookkeeping needs to be adjusted to reconcile cash flow, this is done smoothly with a journal entry in the system (a posting on the TB matrix). We're proud to have a system with full audit trail.
With trial balances or report packages it is harder to get all the way to reconciled cash flow analyses, but we can highlight any questions to handle in the next step. As for note disclosure information, it is not usually in focus initially, but it can be followed up.
Consolidation
Acquisition analyses, currencies and eliminations
In a demo, we usually illustrate acquisition analyses and how they are posted in the PPA matrix. Shares in subsidiaries should have been specified in Block 2 with the counterparty code in order to be reconciled.
Posting in the PPA matrix with automatic handling of FX differences at elimination
All accounts are translated at the month's average rate and closing rate – automatically per month
Ready-made flow analyses for the annual report's note disclosures via retrieve functionality
Eliminated in the SHA matrix with reference to the subsidiary for correct handling upon disposal
Workshop goal
We eliminate all values posted on shares in subsidiaries so they sum to zero in the group balance sheet overview. The acquisition analyses may need to be revisited later in the process.
Other items that may be included:
- Mergers, minorities and equity interests
- Intercompany profit in inventory
Documentation: We wrap up by highlighting the standardized approach that almost all Tiego customers use. The documentation file contains a group overview with accumulated values for all companies "in line": Income Statement, Balance Sheet, Equity flow, Cash Flow, and Reconciliation specification of balance sheet items and acquisition analyses.
During implementation
We continue the work started during the workshop and identify as quickly as possible any differences related to the opening balance for the current year.