One of the most common questions asked by CFOs and Finance Directors is deceptively simple: “Where do we stand?”
But getting the answer isn’t always so simple. For many finance teams, it still means exporting information from accounting systems and rebuilding it across spreadsheets. By the time the analysis is ready, the underlying information may already have changed. iplicit Ireland is helping growing organisations change that.
Cloud accounting for growing organisations
iplicit is a cloud accounting platform for organisations that have outgrown entry-level accounting software but don’t want the cost, complexity or lengthy implementation traditionally associated with large ERP systems.
It brings together real-time financial reporting, multi-entity consolidation, automated workflows and approvals, accounts payable, expense management, budgeting and project tracking, giving finance teams greater visibility while reducing manual work.
In Ireland, that technology is backed by a local team with decades of experience supporting finance teams and a strong understanding of both the technology and the accounting challenges behind it.
As MJ Flood Interiors commented on their experience working with the team:
“I’d like to say is just how impressed I am with the iplicit staff and the way they just ‘got it’, not just the technology of how to do things, but also the accounting context of what we needed done and why. That was brilliant.”
From financial data to answers with AI Insights
One of the latest developments within the iplicit platform is AI Insights, giving finance teams the ability to explore their financial information through flexible dashboards and AI-powered tools.
Users can move from a high-level view of performance into the underlying detail, changing reporting periods, adding departmental breakdowns and applying filters as required.
The AI tool takes this a step further by allowing users to simply ask for the information they need.
For example, a Finance Director could ask to see their top five aged debtors, and AI Insights can analyse the data and create a new dashboard widget.
They could ask for a customer risk dashboard, looking at concentration, volatility, trends and segmentation over the previous 12 months. Or they could request a breakdown of invoices overdue by more than 90 days, by customer, displayed as a bar chart.
Instead of manually building each report, the system creates the analysis in moments.
Importantly, the AI tool has been trained specifically on iplicit data, does not connect to the outside internet when analysing financial information, and only looks at the organisation’s own data.
Want to see for yourself?
Watch this three-minute video to see iplicit AI Insights in action.
More time for higher-value work
Ultimately, the aim isn't to create more reports, it's to give finance teams faster access to the answers they need, freeing them to spend less time extracting and manipulating data and more time using it to make informed decisions.
For Community Foundation Ireland, the efficiencies achieved with iplicit amounted to around six months of staff hours saved in a single year. As Financial Controller David Hickson explains:
“Switching to iplicit has provided significant savings in time and cost and enabled us to prepare management accounts within 10-15 working days of month-end, and completed to a standard that would stand up to an audit.”
iplicit is now trusted by more than 40,000 finance professionals, helping growing organisations modernise their finance operations without the complexity of traditional ERP.
To learn more or to book a demo visit iplicit.ie