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Business cases

Unification of Consolidation & Reporting Systems

Objectives and Context

One of the leading Groups in processing manufactured products for the automotive, aeronautics, and packaging sectors

Defining and implementing a unified reporting process (HFM and Essbase) that includes a new management framework and optimized references between financial and non-financial KPIs, which will promote management dialogue and optimize the oversight of site performance

Our mission

Putting the new Group consolidation and reporting services in place (team, process, organization, etc.)

Defining and implementing unified financial reporting practices that meet private shareholder requirements (new management framework, a mix of financial and non-financial KPIs, reporting cycle, reporting procedures, etc.)

Publishing monthly consolidated accounts (budget, actual, 12 months, rolling forecasts, etc.)

Publishing consolidated financial statements (statutory, pro forma, etc.).

Results

A unified application for statutory reporting and management reporting that was developed using a centralized database with Internet access

Roll-out of a new set of references + mapping/interfaces with local systems

Recovery of histories and dry-runs by migration plan

Reporting and consolidation releases organized into 3 main deliverables to ensure consistency with financial statements

Finance community (end users, operations staff, and corporate teams) trained to use the new application