Otisco Account Specifications
Structured transparency for account-level reporting and cash flow specifications. Otisco Account Specifications brings order and clarity to account-level reporting.
Providing finance teams with a structured, and consistent way to manage specifications for balance sheet and cash-flow-related accounts eliminating manual spreadsheets and improving accuracy across the group.
Otisco Account Specifications provides a structured approach to documenting balance sheet and cash flow movements.
About Otisco Account Specifications
Otisco Account Specifications is an add-on module in the Otisco platform designed to streamline how groups manage and document account specifications.
It supports key balance sheet movement accounts such as Fixed Assets, Equity, Deferred Tax, Untaxed Reserves, and Shares in Subsidiaries as well as cash-flow-related items like loans and currency exposures.
For groups using the AARO consolidation system, it supports all standard AARO specification forms (BS_TANG, BS_INTANG, BS_EQUITY, BS_INV, BS_UR, BS_DEFTAX, CF_SPEC, and CF_ALL_B), ensuring full compatibility and alignment with AARO’s reporting structure.
Built as a web-based solution, it centralizes account specifications, automates validation, and guarantees that each specification ties directly to imported accounting data saving time and minimizing reconciliation errors.
The module centralizes all specifications to ensure consistent reporting across every entity.
Features and Key Capabilities
Otisco Account Specifications focuses on automation, standardization, and control.
Each feature ensures that account specifications are accurate, validated, and seamlessly integrated with your consolidation process.
Comprehensive Account Coverage
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Manage specifications for balance sheet movement accounts (e.g., Fixed Assets, Equity, Deferred Tax).
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Include cash-flow-related accounts such as loans, intercompany, and currency exposures.
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Ensure every account category follows a consistent, group-defined structure.
Automation and Control
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Choose between manual, semi-automated, or fully automated specification assignment.
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Group Admins define templates and rules, ensuring standardization across all entities.
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Allocation validation at company and group level ensures completeness and accuracy.
Connected and Consistent Data
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Specifications link directly to imported accounting data, maintaining consistency with Actuals.
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Built-in validation controls detect missing or unbalanced items before consolidation.
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Changes are logged and traceable, creating a clear audit trail.
Efficient, Web-Based Workflow
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Intuitive browser interface no Excel dependency or local setup.
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Month-by-month workflow keeps the process focused and efficient.
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Automated checks reduce manual work and reconciliation errors.
Built-in validation guarantees that all required accounts are complete and correctly allocated.
Setup Process and Integration
Fast Activation
Otisco Account Specifications can be enabled quickly within your existing Otisco environment, reusing established integrations and mapping structures.
How It Works
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Define Specification Structure – Group Admin defines which accounts require specifications and creates templates for each category (e.g., Fixed Assets, Loans, Equity).
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Configure Assignment Rules – Choose whether specifications are applied manually, semi-automatically, or fully automatically.
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Enter and Review Specifications – Local finance teams enter or validate monthly specifications through the Otisco web interface.
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Validate Allocations – Allocation Overview provides validation checks at both company and group levels, confirming that all required accounts are complete and balanced.
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Import to Consolidation – Specification data is imported together with accounting data using the same workflow, ensuring unified and transparent consolidation.
Ideal For
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Groups requiring structured, standardized account specifications
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Finance teams needing visibility and control over balance sheet movements and cash-flow accounts
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Organizations replacing manual spreadsheets or separate reports
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Companies using, but not limited to, the AARO consolidation system
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Groups seeking automation, consistency, and reduced reconciliation errors
Otisco Account Specifications helps finance teams eliminate manual spreadsheets and maintain clear audit trails.
Frequently Asked Questions (FAQ)
Account Specifications
Q: What does Otisco Account Specifications do?
A: It standardizes and automates account-level specifications, ensuring that balance sheet and cash-flow movements are accurately documented, validated, and aligned with imported accounting data.
Q: Is it compatible with AARO?
A: Yes. It fully supports AARO specification forms (BS_TANG, BS_EQUITY, BS_INV, etc.) and integrates directly with AARO workflows.
Q: Can it replace reconciliation tools?
A: No. It’s not a subledger or reconciliation system. Instead, it provides structured control over specifications that feed into your consolidation process.
Q: How are specifications validated?
The Allocation Overview validates coverage and balances at both company and group level, flagging any missing or inconsistent data.
Q: How often are specifications updated?
A: The module operates on a month-by-month basis users only review and update data for the current reporting period.
Interested in a Demo?
Discover how Otisco Account Specifications simplifies account-level reporting and improves control over your balance sheet and cash-flow specifications.
In a 30-minute session, our team will demonstrate how specification templates are created, validated, and integrated directly into consolidation replacing disconnected spreadsheets and manual checks.
Email sales@otisco.se or click below to schedule your tailored demo.