Business challenges

Co-lead the already started implementation project to safeguard the delivery of the project goals within the deadlines.
Streamline current external and internal reporting; implement common definitions.
Implement an improve intercompany matching process based on transactions using Hyperion Financial Management [HFM].
Advise on interfaces between HFM and the general ledgers.
Enhance knowledge and experience of the HFM user community.

Our solution

• Formalize project management to safeguard vigilant decision-making, control scope and monitor progress closely.
• Intensify focus on detailing the functional reporting requirements.
• Redesign the Group Accounting and Reporting Manual; integrating IFRS reporting manual and the internal management manual, including reporting and planning processes.
• Coordination and quality assurance of the global trainings initiatives.
• Lead a project team consisting of client employees and external consultants from several contractors. 

The results

• Controlled implementation of the improved reporting process facilitating internal and external reporting requirements.
• Phased implementation of the reporting architecture for financial and management reporting.
• Integrated Group Accounting and Reporting Manual (IFRS compliant) accompanied by clear maintenance procedures with a user friendly structure.
• Steps forward in the client’s ambition to reach consistency, robustness, efficiency, reliability, compliance and relevance in Group Reporting.