Background and objectives
Establishment of a consolidation level (7 subsidiaries, approx. €150m sales) within a major electricity production group, in order to monitor the results of a new activity.
Absence of a resource with consolidation skills within the customer organization, very heterogeneous subsidiaries in terms of size and maturity of closing processes, very short reporting times to the Group (J+6 for the finalized stage).
Our mission
Phase 1:
Choice of a consolidation tool that will eventually enable in-house consolidation: SAP BFC
Review of each subsidiary’s closing processes in order to put in place the changes needed to close on time.
Deployment of SAP BFC in each subsidiary
Change management: training subsidiaries in the tool, support for the first closings
Phase 2:
Definition of operational KPIs for monthly reporting to top management
Setting up analysis templates and “model” slides for business reviews between subsidiaries and Top Management
Deployment of Power BI to publish monthly key indicators by subsidiary and at consolidated level
Results
After 2.5 years :
SAP BFC tool now the benchmark for actual and management data (budget, MTP, forecast)
Smooth consolidation process, enabling rapid integration of new subsidiaries and support for external growth.
Business reviews now more focused on analysis than data production
Power BI goes live
