Fast consolidation relies on removing bottlenecks. Typically that entails getting data in from management and legal accounts, and a real understanding in dealing with Inter-company, which is where we put our efforts in.
Inmarsat - 70 companies, all on SAP.
The Challenge - Getting the right data out, fast.
Our work with Inmarsat involved extracting both their legal and management accounts and uploading it to the Adaptive system - they can do this in under an hour now.
Previously this was a download to Excel and a lot of manual data manipulation. Now they can reload several times during a consolidation, allowing corrections in the source data. We build in checks and balances to ensure all the data ties together, giving the accountants peace of mind, knowing the data is correct, even when working at speed.