Organisation

• Energy production, energy sourcing, energy transmission and distribution, waste management, cable communication.
• Over 350 operating entities.
• Turnover 2004 : 7,4 BN EUR.
• Result before tax 2004: 605 M EUR.

Context

• To comply with IFRS as well as meet growing demands of Corporate Governance, both local and international.
• Facilitate consolidation and information flow to stakeholders of divisions and client as a whole.
• Data integrity and traceability.
• One version of the truth.

Solution

• Implementation of OutlookSoft Everest to replace existing Comshare/FDC consolidation.
• Implementation of Standard Chart of Accounts.
• Semi-automatic integration with source systems.
• Development of unified and standardized IFRS compliant reporting pack.

Results

• IFRS compliant application that supports intercompany matching, legal and managerial consolidation and financial reporting processes at a corporate, divisional and entity level.
• Semi-automatic GL extract, loading in OutlookSoft and reporting.
• Full audit trail.