Translucent
Over the years, fresh accounting has collaborated with many exciting and dynamic businesses across Asia by helping design, implement and execute digital strategies to move to cloud-based accounting and reporting solutions. As a Translucent partner, we combine our experience with Translucent’s powerful automations to create more efficient, controlled and scalable finance operations.
Your trusted Translucent Partner
Translucent is an AI accounting platform for your month-end close, from single companies to complex multi-entity groups. At its core is an AI agent that does your recurring and one-off jobs, such as journals, prepayments, deferred revenue, variance analysis, reviews and reports.
For multi-entity groups, Translucent also provides specialist tools for intercompany accounting, consolidation and reporting. It evolves continually, leveraging AI to meet changing business needs, providing an efficient user experience while control stays entirely with your team.
Translucent cuts days off your month-end close and saves up to 80% of the time it takes, leaving more time to focus on growing your business.
What can Translucent do for you, and who is it for?
Translucent adds value to our clients, particularly those businesses and groups dealing with:
- Multiple entity businesses within Xero
- Repetitive balance reconciliations, journals and month-end checks in every entity
- Intercompany balances and manual FX adjustments across entities
- A month-end close that takes too long
- Manual work that leaves too little time for review and analysis
- Consolidated reporting that leaves you with more questions than answers
Cut days off your month-end close
There is no shortage of accounting software options, yet accountants and finance teams still spend a large part of every month completing manual, repetitive work, because every business has its own processes, checks and its own way of handling accounting. Every business and client does things slightly differently.
Translucent gives you the flexibility to write instructions for each job, and it follows your process each time. Working alongside an expert advisor at fresh helps you get more from Translucent from the beginning.
We can help configure Translucent around your processes, identify the right jobs to hand over, and support and train your team for a smooth implementation.
Why use a trusted Translucent Advisor?
As a Translucent partner and trusted advisor to our clients, our team brings expert understanding of the software’s ins and outs, from simple journals to intricate intercompany reconciliations, consolidations and month-end workflows.
Working closely with the fresh accounting team to implement Translucent ensures that you can make informed, proactive decisions, identify issues to resolve and improve your company’s financial performance.
Translucent key features and benefits
Delegate the prep. Keep the sign-off.
Purpose-built for accounting, Translucent’s AI agent has access to your financial data across each Xero entity and can perform both recurring and one-off jobs on platform, without the need for file exports.
Stick to trusted processes
Write your instructions for each job and the agent follows them every time. Create checklists and review points that allow Translucent to work the way you do.
Prepare journals and transactions
Post journals, invoices, bills and credit notes in bulk or one-at-a-time. Your team reviews and approves the output before figures are posted to the ledger.
Review and understand your accounts
Use Translucent to identify movements in your accounts, explain what has changed and support accounting and balance sheet reviews. This gives your team a clear starting point for identifying unusual items and making informed decisions.
Prepare reports and manage your group
Create reports and working papers directly from your connected ledgers, with foreign exchange handling. For groups, manage intercompany balances and produce consolidated reports with drill-down detail as needed.
Stay in control of recurring jobs
Maintain all the Balance Sheet schedules, such as prepayments, accruals and deferred-revenue schedules, reconcile balances and prepare monthly journals. Nothing is posted until your team reviews and approves it.
Speak with a Translucent Partner!
Say goodbye to complex spreadsheets, time-consuming administrative jobs, and many other painful tasks when running a business.
The critical part of this process is to understand what you do and what you want to do – from there, we can help you to save time and improve profitability.
Our team are ready to chat and work with you to find the best solution to your business needs. Contact us today and find out how fresh accounting can transform your business.