Greatwill
Greatwill is consolidation software for Finnish groups. Each consolidation event is a short form; the elimination entries, reconciliations and reports are generated from the form data.
A startup from Finland.
Greatwill is consolidation software for Finnish groups. Each consolidation event is a short form; the elimination entries, reconciliations and reports are generated from the form data.
A startup from Finland.
This page is designed to help you find out whether Greatwill is good and if it is the right choice for you.
Greatwill is Finnish consolidation software built for preparing consolidated financial statements under the Finnish Accounting Act (FAS, Finnish GAAP). It breaks the consolidation down into group events: each event is a short form, and the elimination entries, reconciliations and the consolidation worksheet are generated from the data entered in the forms.
There is a form for every group event: founding and acquiring a subsidiary, intra-group income, expenses, receivables and payables, unrealised margins in inventory and fixed assets, intra-group dividends, translation differences of foreign subsidiaries, minority interests, the transfer of depreciation differences and tax-based reserves to equity and deferred tax, equity-method accounting for associates, and the sale or merger of a subsidiary. Each form asks only for what matters; exchange rates, tax effects and minority shares are handled automatically.
The subsidiaries' own bookkeeping stays untouched. Each company prepares its financial statements in its own accounting software, and the finished statements are imported into Greatwill as files. They are mapped automatically to the FAS group chart of accounts, and accounts marked as intra-group are eliminated directly from the imported figures.
A form filled in once carries over to the following financial years: goodwill amortisation, the unwinding of purchase price allocations and recurring eliminations are generated automatically for later periods. Reconciliation statements reveal forgotten or incorrectly filled forms, and every elimination entry can be traced back to the form it came from. The consolidation worksheet, the financial statements and the general journal and ledger are downloaded as Excel files, and auditors can be given read-only access directly in the system.
Pricing is based on a base fee plus the forms the group needs, not on user counts or revenue. Data is stored in the EU. Greatwill Oy was founded in 2024 and is based in Helsinki, Finland.
Listed in
Subsidiary founding and acquisition
acquisition cost, purchase price allocation, goodwill and its amortisation, minority interest at acquisition
Intra-group income, expenses, receivables and payables
full elimination from imported figures, reconciliation per company pair
Unrealised margin in inventory
opening and closing margin, deferred tax asset, minority share
Intra-group dividends
elimination of internal profit distribution
Translation differences
foreign subsidiaries translated to EUR, equity translation difference and average-rate difference, rates fetched automatically
Minority interest
share of equity and profit, carried forward year to year
Depreciation difference and tax-based reserves
split into equity and deferred tax liability
Associates and participating interests
equity method
Sale and merger of a subsidiary
group gain on disposal, elimination of merger gain or loss
Reconciliation statements and consolidation worksheet
equity and minority reconciliations, audit trail from form to entry
File-based import and Excel exports
works with any accounting software; worksheet, financial statements, journal and ledger as downloads; read-only access for auditors
Other features
unlimited users, group- and period-level access rights, attachments per event, manual journal entries, forms roll forward to the next financial year automatically, data stored in the EU.
Greatwill turns every group event into a short form. You fill in what happened during the financial year – an acquisition, intra-group sales, a dividend, a foreign subsidiary – and the elimination entries, reconciliations and the consolidation worksheet are generated from the form data. Most consolidation tools only sum up balances and leave the expert entries to be calculated by hand; Greatwill's forms contain that logic.
Lightweight consolidation tools and accounting-software add-ons automate the mechanics but not the expert work: anything that cannot be derived directly from the subsidiaries' figures is still a manual entry. Enterprise reporting platforms are configurable platforms, not finished products – each group event is built in an implementation project. Greatwill has a ready-made form for every group event under FAS, no implementation project, and public pricing based on a base fee plus the forms your group needs, not on user counts or revenue.
Finnish groups that must prepare consolidated financial statements under the Finnish Accounting Act (FAS): their CFOs and finance managers, and the accounting firms and audit firms that prepare consolidations for clients.
Greatwill Oy was founded in Helsinki in 2024. In Finland most consolidated financial statements are still prepared in Excel, and even consolidation systems leave the elimination entries to be calculated outside the system. Greatwill was built to put that calculation into forms, so that the quality of a consolidation no longer depends on who prepares it.
We have collected here some useful links to help you find out if Greatwill is good.
Check the traffic stats of Greatwill on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
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