“The XP Inc. group has more than 60 companies. Thus, customizing access to financial statements was key for hiring Accountfy.”
Amanda Oliviero
Reporting Analyst, XP Inc.
XP’s main challenge was to consolidate the accounting information of its several companies into a single system, standardize its accounting procedures, and automate its financial reports and the generation of regulatory information for the Brazilian Securities Commission (CVM).
Accountfy helped XP meet these demands, increasing the efficiency and accuracy of its financial procedures.
“In the past, when we had to implement any adjustments inherent to consolidation, we required the support of a programmer. Accountfy allows us to do this without the help from anyone else.”
Bernardo Ferreira
Reporting Coordinator, XP Inc.
With our platform, based on the Balance Sheet or Ledger, XP Inc. could assess the performance of investees in a reliable, collaborative, and fully automated way.
Therefore, the client’s accounting and financial procedures were streamlined, and data was centralized in a single source
Accountfy helps to identify any discrepancies between financial statements and management reports, preventing errors in management reports that could adversely affect financial management.
For analyst Amanda Oliviero, “Using a system is safer, since audits provide that any information entered in a spreadsheet is subject to human error”.
Thus, Accountfy and XP Inc. work together to fully automate information review and the standardize the presentation of the results.
XP Inc. is a company that has a broad financial consolidation method, with many particularities and rapid changes due to its accelerated growth. Having a support team that can scale this level of complexity was a determining factor for the company to continue with Accountfy.
“Even when we are silent, with demands that depend only on us, the support team is present,” says reporting analyst Luiz Filipe Gonçalves. He adds: “the platform grows and we also grow as users.”
“Accountfy has always been helpful, open to dialogue and has embraced several suggestions for improvements from XP’s internal team.” Amanda Oliviero – Reporting Analyst at XP Inc.
Automate the consolidation procedure with accurate numbers.
With our platform, your business automate the Financial Reporting and ensure standardized documents with all integrated data
