Frequently Asked Questions about Financial, HR & Management Reporting
In the FAQ section you will find answers to the most frequently asked questions about the loyos bi Software solutions – the Financial Management Suite (FMS) and the HR Reporting Suite (HRRS) – as well as general questions about financial reporting, HR reporting and management reporting.
FMS - How complex is the implementation?
Minimal. The effort on the customer's side is approximately one hour; the FMS is ready to go in less than two weeks.
FMS - Which systems can be integrated?
Among others, DATEV, SAP, Sage, LucaNet, as well as Excel and CSV files, and much more. More about the interfaces
FMS - Which standard reports are included?
Over 25 reports, including profit and loss statement, balance sheet, cash flow, net debt, working capital.
FMS - Can custom KPIs be added?
Yes. Custom key performance indicators, structures, or calculation logics can be flexibly added. More on custom developments
FMS - How up-to-date are the reports?
Depending on the system connection, the updates are daily or monthly.
FMS - How does consolidation work?
The Financial Management Suite harmonizes financial data from various sources such as DATEV, SAP, LucaNet, and Excel, consolidating it into a consistent group report. By classifying accounts as intercompany-relevant, intra-group transactions are automatically identified and eliminated during the consolidation process – transparently, traceably, and without manual intervention. A key advantage: The FMS processes data not only at the summary level but also down to the individual transaction level – for maximum transparency and traceability. Learn more
FMS - Are the reports bank- and audit-proof?
Yes – FMS meets the requirements of banks, investors and auditors.
FMS - Is the data secure?
Yes. We use GDPR-compliant hosting in the Netherlands. Furthermore, Microsoft Cloud Security and a granular rights and roles concept ensure maximum security.
FMS - How flexible is FMS with regard to new investments or structures?
The FMS is modular and can be expanded at any time. New companies can be integrated in a very short time.
HRRS - Why is the reporting in HR systems like DATEV or Personio insufficient?
These systems provide billing and master data, but not consistent, comparable reports. HRRS consolidates data from all sources.
HRRS - Which systems can be integrated?
Including Personio, SAP HR, DATEV LODAS/LuG, as well as Excel and CSV files and much more. Learn more
HRRS - How does HRRS support workforce planning?
Based on consistent HR data, forecasts, budgets and target/actual deviations can be mapped – via Excel import or by connecting your external planning tools.
HRRS - Which HR areas can be analyzed?
Headcount, salaries, attendance and absences, employee turnover, planning, personnel costs, and much more. Learn more
HRRS - How do CFOs benefit from HRRS?
You gain full transparency regarding personnel costs and can directly link them to financial key figures.
HRRS - How up-to-date is the data in HRRS?
All reports update automatically and are available daily.
HRRS - Is sensitive personal data secure?
Yes. Hosting takes place in the Microsoft West Europe Cloud (Netherlands). GDPR compliance and granular access management are guaranteed.
HRRS - How quickly can HRRS be implemented?
The software can be connected to your systems in four weeks and requires minimal effort on the customer's side.
Generally speaking - What is meant by management reporting?
Management reporting encompasses the systematic preparation of financial and personnel data for management, investors, and banks. The goal is transparency and improved decision-making.
In general - Why is Excel often insufficient for reporting?
Excel is error-prone, time-consuming, and not scalable. Excel spreadsheets reach their limits when it comes to generating consistent reports across multiple companies or departments.
In general - What advantages does a reporting system with a single point of truth offer?
All data is bundled in one system, consistent and traceable – this creates clarity, comparability and trust for banks, investors and management.
In general - How does automated reporting improve efficiency?
Reports that used to take days are now available in minutes. Employees no longer need to manually compile data.
In general - What role does Business Intelligence (BI) play in reporting?
BI tools enable the visualization, analysis and integration of large amounts of data – a basis for modern management decisions.
In general - How does financial reporting differ from HR reporting?
Financial reporting provides transparency regarding profit and loss statements, balance sheets, and cash flow. HR reporting shows headcount, costs, absences, and employee turnover. Together, both provide a 360° view of the company's financial figures.
In general - What is the significance of consolidated reporting for companies with multiple subsidiaries?
It ensures that all units are represented in a comparable and consistent manner – regardless of systems, charts of accounts or currencies.
General - Can reporting also be used for bank financing?
Yes. Professional reporting is often a prerequisite for loans and builds trust with banks.
In general - How do private equity investors benefit from standardized reporting?
They receive a complete overview of their portfolio companies – regardless of the systems of the individual investments.
In general - What role does forecasting play in reporting?
Forecasts enable you to recognize future developments early and identify areas for action. You can integrate your forecast data into your loyos bi Integrate software.
See the Financial Management Suite and the HR Reporting Suite in use.
Gain full transparency in financial and HR reporting now – with the Financial Management Suite and the HR Reporting Suite.
About loyos bi
loyos bi was created in 2020 by Finance - and BI experts founded – with the goal of finally making reporting simple and reliable.
Today, over 1,000 users rely on the solutions. More than 80% of new customers come through referrals – a strong sign of satisfaction and trust.
Support doesn't end with go-live: Customers receive personal support, continuous development of reports, and, upon request, content support. Finance - or HR controlling. This creates a long-term partnership instead of just a software solution.