For serial acquirers and investment companies
Every new acquisition reporting to the group from day one
Each acquisition brings a new company, a new accounting system and a new chart of accounts. Otisco connects every company on the system it already runs and delivers its figures to the group mapped, reconciled and validated.
Built by group accountants for groups that grow by acquisition: no system change for the companies you buy, no reporting packages, and a price that grows with the group.
Many companies, many systems, a small central team
A group that grows by acquisition rarely has one accounting system. Each company keeps the system and the bookkeeper it had before the deal, and the central finance team grows far more slowly than the number of companies.
- Every acquired company runs its own accounting system: Fortnox, Visma, Business Central, Monitor and many more
- Charts of accounts and dimensions differ from company to company
- Reporting packages in Excel take time every month and hide errors until the consolidation
- Each new acquisition adds work to the close before it adds value
How Otisco helps
Connect any company
Ready-made connections to Fortnox, Visma, Business Central, Monitor, Xledger and more. The company you acquire doesn't change anything.
Map once, centrally
Each company's accounts and dimensions are mapped to the group chart of accounts. You adjust the mapping when something changes, not every month.
Validated at source
Figures are checked in each company before they reach the group, so errors are found where they arise and not in the consolidation.
Pro forma from the first month
History from before the acquisition can be loaded, so you can report pro forma as soon as the company is connected.
Close automation
Account specifications, journals and intercompany matching help a small central team close more companies in the same time.
Your consolidation system
Otisco is independent of the consolidation system and delivers into the system the group already uses, or into Excel.
From signed deal to reporting company
- Connect: Otisco connects to the acquired company's accounting system. No IT project and no new system for the company.
- Map: the company's accounts and dimensions are mapped to the group structure once.
- Validate and deliver: every month the figures are checked at source and delivered to the group, traceable back to the company's ledger.
Connecting a new company is a small addition, not a project. The first company is usually connected within days, and you decide how fast to add the rest.
Reference customers
Proven at scale
Storskogen collects data from about 350 companies and around 60 different source systems through Otisco. Read the Storskogen case study →
Pamica, an industrial and service group with 17 Swedish business groups operating worldwide, also uses Otisco for its group reporting.
Otisco has worked with group accounting since 2008. The platform is built on more than 20 years of experience of consolidation in Nordic groups, from large enterprises to groups of many small companies.
The cost follows the size of your group: small when you start, growing as you buy.
Frequently asked questions
Do the companies we acquire have to change accounting system?
No. Otisco connects to the system the company already runs, whether that is Fortnox, Visma, Business Central, Monitor, Xledger or another system. If there is no ready-made connection yet, we build it.
How quickly can a newly acquired company report to the group?
Connecting a new company is a small addition, not a project. Once Otisco has access to the company's accounting system and the mapping is in place, the company can report in the next close.
Which consolidation systems does Otisco work with?
Otisco is independent of the consolidation system. It delivers mapped and validated figures into the consolidation system the group already uses, or into Excel.
Can we report pro forma for companies we have acquired?
Yes. History from before the acquisition can be loaded, so acquired companies can be included in pro forma reporting from the start.
How is Otisco priced?
The price follows the size of the group, so it stays small while you are small and grows with your acquisitions. After a free demo you get a quote.
Which accounting systems are supported?
90+ accounting systems. See the supported systems →
See how your whole group would report through Otisco
In a 30-minute demo we go through your group structure, the accounting systems in your companies and how you consolidate today, and show how Otisco would bring every company in the group into one consistent group reporting, including the companies you acquire next.
Email sales@otisco.se for any questions.
