Cabonline
The Challenge
Current system unable to support the legal reporting requirements of the group. No transparency between consolidated results and original figures. Inability to perform reliable intercompany reconciliation. No version handling or audit trail. Inability to perform analysis on consolidated results. Multiple versions of the truth. Unable to support operational reporting changes over time.
The solution
A new system for operational and group consolidation – AARO. The implementation was led by Otisco. AARO’s built-in handling of intercompany reconciliation and ability to support operational eliminations was utilised. Operational dimensions were integrated with legal reporting. Budgeting and forecasting were implemented in AARO.
The result
Month-end reporting cycle was significantly reduced. Reporting quality increased dramatically, with a clear audit trail available in the system. Proper handling of operational eliminations and operational changes over time provided new insights into the business. New ability to analyse organic growth, excluding the effect of acquisitions and FX. Business controllers time spent analysing the results vs. budget/forecast in a common system instead of fixing formulas in a maze of Excel workbooks.