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    Implementation of a new consolidation tool

    • Practice
    Financial Close Finance Transformation Process Review
    • Team

    2 Developer & Functional Consultants

    • Technical environment
    Fully automated processes
    to cover the demand of the parent-company requirements
    Drastic savings
    on FTP resources in Finance team at closing period
    High level of trust
    on a clear metadata-driven process
    CHALLENGES
    • Our client were just acquired by another company, and they needed to report their consolidated statement seamlessly
    • But, their consolidation tool did not allow for seamless communication with their new owner's consolidation tool
    SOLUTION
    • The company selected Solution BI to build a customized module designed to extract consolidated data according to a new metadata mapping
    • The team deployed best practices to review the process and implement an ad hoc parameterized software solution
    BENEFITS
    • Clear metadata-driven  mappings
    • Dedicated sub-module to transform the data from sources to final ingestion
    • Data extraction from the consolidation tool Created in order to feed analytics environment
    • Whole automated process