No more bottle necks

This slick machine runs your consolidation like a dream

Consolidation has a lot of mechanics with data extraction, manipulation and calculations. When serviced well with an intelligent accounting approach, like a well-oiled machine, your consolidation will work like a dream.

Slick operators

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.

Well oiled machine

Intercompany balances slow a consolidation down more than anything else; with the central team taking the brunt of the work.
At SDL we showed them how combining several tools could get it off the critical path, and spread the workload.
Using Integration we get data in fast. Our kit includes Instant FX translation and an Intercompany matrix report which together exposes where accounts are out of balance.
Local accountants can then resolve issues, and communicate across the globe using Process Tracker, whilst the central team keep watch.
The master stroke is that it’s all done before month end, removing Intercompany as a bottleneck.
It’s alchemy - Formulate accounting, systems and business nous delivers potent solutions when combined with Adaptive functionality.

No room for compromise

SDL - Property Management

SDL is a property management company which has experienced high growth through acquisition and is still expanding. They needed a legal consolidation as well as a management view of the same data.

Month end was taking too long with multiple teams working for different companies in different places. As part of their consolidation, whilst they needed to meet the legal requirement of listing minority interests, their management pack needed to be capable of presenting information by division, property, area and service.

  • SDL got a new Consolidation solution incorporating elimination rules, inter-company matrix, automated data upload and journals.
  • Formulate built the core processes, and supported the SDL to take control fast and complete the last third of the project themselves
  • Cloud enabled multiple teams to collaborate and generate reports in one virtual place
  • Reporting packs could be built to Slice and dice data to meet both legal and management needs

SDL Case study

Formulate connect SDL's companies with Adaptive's consolidation tool