Symfio + KROS OMEGA: Modern financial management for Slovak companies and CZ/SK groups

OMEGA by KROS is one of the most widely used double entry accounting programs in Slovakia. Accountants handle the complete agenda in it, yet the managing director or owner usually sees only monthly statements, arriving late and written in accounting language. Symfio builds from OMEGA data what the program itself lacks: automated management reporting, a cash flow outlook and a plan versus actual comparison, all available in the browser. The connection is especially strong for Czech-Slovak groups. Companies in Slovakia keep their books in OMEGA, companies in Czechia perhaps in Pohoda, and Symfio reports them all with one methodology in one place.

What does connecting Symfio and KROS OMEGA bring you?

Automatic loading of accounting data

The Symfio connector regularly synchronizes data from OMEGA, so your reports always work with current numbers. No more manual exports, forwarding files and retyping values into spreadsheets. The accountant posts, Symfio reports.

Reporting and cash flow without Excel

The profit and loss statement, balance sheet, overview of receivables and payables and the cash flow development are compiled automatically. The built in short term cash flow planning tool shows how much money will come in and go out over the following weeks, so you see tight periods in advance.

Unified reporting for CZ/SK groups

Companies in both Czechia and Slovakia, each on a different accounting system and in a different currency? Symfio consolidates them into one overview with a shared methodology. Group leadership looks at comparable numbers, not at a pile of assorted statements.

Tailored management accounting

Custom categorization and tagging of cost centers, projects, activities and analytical accounts lets you look at the company the way you actually run it. Profitability of branches, project costs or the performance of individual activities are a few clicks away, without the accountant changing how they post entries.

Materials for banks and investors with no extra work

A loan application or a conversation with an investor usually means assembling statements in a hurry. With Symfio, the overviews are prepared continuously, in the structure banks and investors expect, and with a history that shows how the company has developed over time.

How the connection works

Symfio runs in the cloud, so there is nothing to install on your side and no extra hardware to buy. The connector links to OMEGA data and synchronizes it regularly, typically overnight. When you need fresh numbers right away, you trigger the sync manually with one click. Symfio does not write into the accounting; it only reads the data.

The technical part of implementation usually takes tens of minutes. The managerial part takes longer: setting up the reporting structure, categorization and plans. How long it takes depends on how well your company has its financial management thought through. If you have no finance manager, we can help through our fractional CFO services.

Key benefits for users

• Time saved: reporting prepares itself, with no exports or copying.
• Better decisions: reports and forecasts come straight from accounting data.
• Fewer mistakes: manual data handling drops to a minimum.
• Data driven management for groups too: several companies clearly in one place.