EncompaaS is an enterprise AI data platform that helps the world’s most regulated organisations govern, prepare, and enrich data for the AI era.
As CFO, Khalid manages intercompany reconciliations, FP&A and deferred revenue for multiple entities across the group.
We have a group treasury function, and have expenses that come in and out of every single organisation with about 8 different intercompany loans. When Mayday came along it was a game changer! Suddenly we could track all of the intercompany transactions and easily carry out reconciliations across the group from one interface. The team live within the Balancer and BRAG functions daily.
Harvest has been great for our project management. We carried it over from when we used to own a consulting business within the group, even though we have much less client project management these days as we utilise implementation partners for our software. It’s still a must-have tool to track both our client and internal projects.
Mosaic is a bit more advanced and a bit more expensive than some of the other Xero apps, but what I liked about it is that it can pull information from multiple data sources (e.g. CRM, HRIS, csv files, etc.) and from all of your different Xero entities on a real granular transaction level. As part of the onboarding, you work with their FP&A specialists to integrate your pre-existing financial models into their app which then helps automate a lot of the data gathering, allowing you to spend more meaningful time on the forecasting and planning itself.
Xero is the financial backbone of our group, the single source of truth across all entities. Its scalability and integrations make it easy to manage intercompany activity, deferred revenue, and reporting in one connected system.
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