The group closure is taking on ever more significance. For a long time, it was regarded simply as an obligatory task within the context of legal regulations or taxation rules (legal group closure). In addition, however, the group closure is now growing in importance as an instrument for corporate controlling and as an information source for management (management or controlling closure). More and more groups are taking the decision to implement a standardized consolidation system. Because either the existing solution can no longer cope with the increasing demands on internal and external reporting, or a standardized, group-wide reporting system has been promoted to become an important component of the IT strategy. In addition, you can take a look at an ESPRiT special report on this issue.

The design of closure and consolidation processes is one of our core competencies. To back this up, we utilize our extensive specialized and technical know-how and many years of experience of successful collaborations with well-known clients such as Allianz, HypoVereinsbank, Volvo, Telekom Austria, and many more.

We support you both with the fulfillment of legal requirements – whether it HGB (German GAAP), IFRS, US GAAP, or multi GAAP closing – and with the realization of your individual requirements for (consolidated) management reporting.

To do this we implement end-to-end processes: From the account entry for the original transaction at one of your international subsidiaries to the consolidated statement in the annual report and group-wide management reporting.

Together with you, we execute measures to increase data quality from the moment it is collected (quality at source), and we create a host of different options for you: For example, to draw up cross-segment intracompany account entries, to automatically transfer data from various different operative accounting systems to your consolidation and reporting procedures, and much more. In addition, our portfolio also includes providing speed and efficiency in the form of a fast close for the drawing up of closing financial statements, as well as the integration and standardization of closure procedures for finance and controlling (integration, matrix consolidation).

Our consultants support you with the

• optimization of closure processes with regard to consolidation (integration, fast close)
• implementation of automated and harmonized closure processes and consolidation procedures on the basis of SAP technologies (SEM-BCS, EC-CS)
• analysis, conceptualization, and implementation of group reporting solutions, management information systems, legal reporting / group accounting, multi-GAAP reporting on the basis of SAP BW