Stacc brings group reporting from three accounting systems together in Sumledger

A growing Nordic technology group

Stacc is a Norwegian technology company headquartered in Bergen that develops software for banks and financial institutions. Through organic growth and acquisitions, the company has established itself as a significant player in financial technology, with operations across the Nordic region.

With multiple companies in Norway, Sweden and Denmark, financial reporting and monitoring face demanding requirements.

In Sumledger, Stacc has brought together eight companies, including Stacc AS, Stacc Core AS, Stacc Flow AS, Stacc Insight AS, Stacc Quesnay AS, Stacc Sweden AB, Stacc Farm AB and Bytelab A/S.

Different accounting systems — one shared view

One of the challenges of group reporting is that companies do not necessarily use the same accounting system.

Stacc uses three different solutions: PowerOffice, Fortnox and Microsoft Dynamics 365 Business Central.

Each system serves as the accounting platform for its respective companies, but management needs a consolidated financial view.

This is where Sumledger comes in.

Through integrations with the different accounting systems, Stacc can bring accounting information together in one shared platform, without having to standardise all companies on the same accounting system.

This gives the finance team a shared starting point for reporting, analysis and monitoring at group level.

From high-level reporting to the detail behind the figures

An important benefit of Sumledger is that the finance team does not have to choose between a high-level overview and detailed insight.

With the solution, Stacc can track income statement and balance sheet movements across companies, while also exploring the underlying figures when further investigation is needed.

The ability to navigate from group reports to underlying transactions and available vouchers makes it easier to understand what lies behind the figures.

This contributes to a clearer reporting process and makes financial information more accessible.

Group reporting without unnecessary complexity

Although Stacc operates across multiple companies, countries and accounting systems, the reporting process does not have to be complicated.

Sumledger is designed to combine advanced functionality with a simple and intuitive user experience.

The platform supports automatic collection of accounting data, a shared group chart of accounts, consolidation, group adjustments and elimination of intercompany transactions.

This gives Stacc a flexible foundation for group reporting, while individual companies can continue using their existing accounting systems.

More time to understand the figures

For a modern finance team, good reporting is about more than producing figures. It is about making information accessible, understanding developments and supporting sound decisions.

With Sumledger, Stacc has a shared reporting environment where financial information from different companies and systems can be analysed in one place.

Instead of letting differences between accounting systems constrain group reporting, Sumledger makes it possible to bring information together across them.

For Stacc, this shows how group reporting can be simplified, even when the business operates across both national borders and accounting systems.

Customer testimonial

Christian Stangeland

CFO, Stacc

“With companies in several countries and different accounting systems, it is important for us to have a consolidated overview of the group’s finances. What we like about Sumledger is that it makes this simple. We can bring accounting information from PowerOffice, Fortnox and Business Central together in one place, while still being able to drill right down into the detail behind the figures.”