Consolidation
Mainly a corporate affair, group finance and reporting holds no secrets for CFObelux.
Our team can rely on more than 50 years of experience on this subject.
Our role is to help our clients respond to all changes they have to endure due to updates in legislation, new board expectations or other internal reporting needs, as well as to assist them in their daily operations in Group Finance and Reporting.
We have gained expertise and truly focus on:
- Review and re-design of current consolidation processes and reports.
- Defining financial procedures and guidelines.
- IFRS related services including impact analysis, GAAP conversions and report design, first adoption assistance, Training, IFRS guidelines and manuals.
- Consolidation training from novice to expert level.
- Operational closing assistance, providing on-premise or remote consolidation experts to assist clients with their recurring closing tasks.
- Client adoption of CFO-Reporter, a standardized "out of the box” consolidation solution, developed by CFObelux for small to medium-sized companies.
- Outsourcing services for clients that choose to outsource their entire consolidation process using CFO-Reporter or tailor-made solutions.
- Implementation of new consolidation tools (SAP BPC, SAP Financial Consolidation, Clarity 7) is realized by our FRT (Financial Reporting Tools) team members with assistance of our FRP (Financial Reporting Process) team members.