Uffizi gains better control of property finances with Sumledger

Property management requires a clear financial overview

Uffizi is a Norwegian business in property and investments. With several companies and property-related activities, it is important to maintain financial control both within each company and across the business.

For property businesses, financial management involves more than traditional accounting reports. Revenue, costs, financing and financial performance need to be monitored in a structured way.

Management also needs a consolidated view of the business without spending unnecessary time manually compiling accounting figures.

Three companies brought together in Sumledger

Uffizi has connected three companies to Sumledger. All three use Finago Office as their accounting system.

Even though the companies use the same accounting platform, they need a consolidated financial view and reporting across the company structure.

With Sumledger, accounting information can be collected from Finago Office and presented in one shared reporting platform.

This makes it possible to monitor income statement and balance sheet trends for each company and for the business as a whole, without building separate reporting models.

From accounting figures to better financial insight

One of the benefits of Sumledger is the ability to combine high-level reporting with detailed insight.

Instead of working with separate accounting reports, Uffizi can use the platform to analyse financial performance across its companies.

Sumledger also makes it possible to drill down from high-level figures to underlying transactions and available vouchers.

This provides a sound basis for investigating variances, understanding cost trends and monitoring the business's financial results.

Estatelab – financial property management in one efficient workflow

In addition to traditional accounting and group reporting, property businesses need tools tailored to the ongoing financial management of commercial property.

Estatelab is a relevant tool for this purpose.

Financial property management – brought together in one efficient workflow.

Estatelab focuses on the financial management of commercial property, while Sumledger is designed to collect and consolidate financial information at company and group level.

The solutions therefore address different needs in financial and property management.

For Uffizi, this illustrates the value of using specialised tools for different parts of the finance workflow, rather than expecting a single system to handle every need.

Finago Office and Sumledger – a natural combination

Uffizi demonstrates that the need for group reporting does not necessarily arise because a business uses different accounting systems.

Even with Finago Office as a shared accounting platform, a dedicated solution for consolidation, analysis and reporting can be valuable.

With Sumledger, accounting information from the three companies can be collected automatically and presented in a shared structure.

This supports less manual reporting work and better access to financial information.

More time for follow-up and value-adding work

Ultimately, good financial management is about using information to make better decisions.

By combining a shared accounting system with specialised solutions for reporting and property management, Uffizi can take a more structured approach to its finances.

Sumledger provides a shared basis for group reporting, while Estatelab represents a more property-specific approach to financial management.

With three companies brought together in Sumledger, Uffizi has a simpler path from accounting data in Finago Office to a financial overview across the business.

Customer reference

Erik Brustad, Uffizi

We use Finago Office for accounting in our companies, and Sumledger gives us a consolidated financial overview across the business. It is easy to use and lets us move from high-level reports to the details behind the figures. For us, it is about having good tools that make financial follow-up more efficient.