Financial reporting solution Insightsoftware has acquired Event 1 Software, an Excel-based reporting solutions.
Based in Canada, Event 1 helps companies to simplify and automate the creation of financial reports and ERPs. The company helps real estate and construction companies to improve their financial and operational reporting which maintains cashflow.
insightsoftware designs financial reporting and enterprise performance management software. It claims to enable businesses to understand their enterprise data in real time to help bolster their financial intelligence across their operations.
Its services are used by more than 25,000 organisations around the world for reporting, analytics, budgeting, forecasting, consolidation and tax support.
insightsoftware CEO Mike Lipps said, “With Event 1 Software, we continue to expand the scope of our offering, this time empowering the Office of the CFO with additional market-specific solutions that are optimized to derive critical business insights from leading construction and real estate ERPs like Sage and Viewpoint.
“Our robust portfolio of general and industry-centric solutions will benefit our combined customers and partners around the world with capabilities that extend beyond financial performance reporting and connect budgeting, planning and tax management, all of which are crucial to an ongoing holistic financial intelligence strategy and can take on renewed importance in times of uncertainty.”
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