insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, announced it has acquired Viareport, a financial software provider that delivers cloud-based financial consolidation, lease accounting, reporting, and forecasting solutions. Terms of the deal were not disclosed.
Read More: GlobalFintechSeries Interview with Jill Homan, President at DeepTarget
Based in Paris, France, Viareport is an expert in delivering applications and services that help CFOs, finance teams, and chartered accountants optimize financial performance, including consolidated reporting, and lease and tax proof management. Serving organizations of all sizes throughout Europe and worldwide, Viareport counts brands such as Clarins, France Air, and CBC Radio-Canada among its customers.
Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize
The acquisition of Viareport enhances insightsoftware’s comprehensive financial reporting and enterprise performance management (EPM) portfolio with expanded capabilities for market-specific regulatory compliance and accounting requirements in Europe. The company brings built-in support for International Financial Reporting Standards (IFRS) and a consolidation solution that is designed to meet the distinct closing requirements of individual countries like France and Germany.
“While globalization is shattering previous barriers to business growth, it is also adding new pressures for CFOs in today’s digital environment with the need to ensure multinational investments and operations are reported in compliance with accounting standards,” said Mike Lipps, CEO of insightsoftware. “The addition of Viareport directly addresses these challenges and deepens insightsoftware’s extensive financial software portfolio, bringing powerful capabilities to our customers in Europe that enable them to simplify and streamline the process of meeting IFRS and other national regulatory demands.”
