Consolidation Implementation in the Financial Services Market at AEGON
AEGON is one of the world's largest life insurance and pension companies, and a strong provider of investment products. With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 27,000 people worldwide. Leading practice: Dutch Practice Package(s): OutlookSoft CPM
Business Challenges
AEGON Group Finance has implemented the consolidation and management reporting tool Outlooksoft for the quarterly and annual consolidation and reporting process. This application primarily supports the reporting process at AEGON headquarters.
In order to embed the application on Group Finance and to roll it out worldwide, AEGON has initiated a project to realize the ambitions.
Improve reporting process (fast and reliable close)
Our solution
- Developed a vision on the future reporting process and information model
- Implemented the solutions for data collection and reporting for quarterly, YearEnd, Budget, Forecast
- Focused mapping workshops and support for each reporting unit for creating an automated interface between local ledger systems and OutlookSoft CPM.
- Embed the solution in the organization with clear SLA’s for IT support
Results
- Implementation of future vision on reporting process is currently in implementation
- Data collection and reporting solutions have been created, documented and in use.
- Countries have been trained and have been supported in creating mappings from their local systems
- Solution embedded with clear SLA’s for functional and technical support
- Full audit-trail: process management and journal entry