Corio

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Company

  • Leading player on the real estate market
  • Created in 2000 by the merger of Vastgoedfonds voor Institutionele Beleggers (VIB) and Winkelbeleggingen Nederland (WBN)
  • The company operates in the Netherlands, Germany, France, Spain, Italy and Turkey

Leading player in the area of real estate. Created in 2000 by the merger of VIB and WBN

Sector

Real Estate

Revenue

€ 500 million (2012)

Website

http://www.corio-eu.com

Objective

  • To increase the efficiency of the financial reporting processes
  • To create a transparent audit trail for all financial reports
  • To provide automated checks and balances

Solution

  • SAP Business Planning & Consolidation (BPC)
  • Standard CPMview consolidation implementation method

Benefits summary

  • Faster consolidation and reporting
  • Audit trail of changes: by whom, when and what changes
  • Administrative integration of more than one hundred business entities in six countries
  • Possibility of using basic data for other business processes as well; for example forecasting

Corio: Fast and transparent consolidation using SAP BPC and CPMview

Corio is one of the largest listed real estate investment funds with a focus on retail in Europe. The € 7.1 billion portfolio comprises a large number of shopping centres with an emphasis on Favourite Meeting Places: a place where people like to go to meet up with friends, for entertainment or to eat or drink something. Corio, together with CPMview, streamlined the consolidation of its figures on the basis of SAP Business Planning & Consolidation (BPC).

“SAP BPC has enabled us to speed up reporting, we now have a transparent audit trail and efficiency has increased. We can use the time savings to better analyse our results and to improve the quality of our reports.”

– Michel Hoogervorst, Group Controller, Corio