If Tracking Categories are well aligned then the power they bring to a single entity can be applied across a group but, if they are misaligned, they will create errors in reporting. We’ve built the Tracking Category Audit (Tracking Category Audit) tool to enable you to spot and solve these issues.
The limited number of Tracking Categories is the #1 reason for leaving Xero cited by businesses that have migrated to an ERP. We’ve built Data Dimensions to solve this problem. Data Dimensions gives you 6 additional Tracking Categories across your group.
Translucent has been open for business for less than a year but in that time we have already helped thousands of businesses to consolidate their accounting data. In doing so, it has become clear that many, many businesses are struggling with their accounting data model.
App #2 Group Reporting is now in open beta. Group Reporting is the best way to produce your consolidated reports, whether you have 2 or 200 entities.
Following its £5M seed round in August, Translucent now offers an integration with QuickBooks Online to consolidate multiple files into a single financial system of record.
Following its £2.7M pre-seed in March, Translucent closes a seed round of £5M co-led by Chalfen Ventures and LocalGlobe, to better serve the demand for its platform.
Translucent, the accounting platform solving the everyday finance problems of multi-entity businesses, has raised a £2.7M pre-seed round led by London-based VC firm LocalGlobe.
The introduction of bank feeds changed the requirements for accounting systems forever.
The amount of companies ‘going global’ is growing. This has a big impact on the needs for finance teams.