Statutory Consolidation and Financial Notes

Statutory Consolidation and Financial Notes

Needs:

Our client, a leading producer of high-end ceramic surfaces for architecture and interior design, needed to modernize its financial consolidation processes to address increasing organizational and regulatory complexity. The goal was to implement a scalable, IFRS-compliant platform for statutory and managerial consolidated financial statements, including notes to the accounts and disclosure management.

The company required a system capable of automating consolidation processes, ensuring compliance with IFRS standards, and streamlining the production of financial notes and disclosures while maintaining data accuracy and traceability.

I risultati ottenuti con l’aproccio ItHude

Our Solution

Ithude supported the client in designing and implementing a CCH Tagetik Cloud solution, configuring a system to:

  • Automate statutory and managerial consolidation according to IFRS principles
  • Manage data feeds via quarterly Year-To-Date Excel files
  • Execute adjusting and consolidation entries (dividends, intercompany, equity, minorities)
  • Integrate financial notes and reporting using Collaborative Office and Disclosure Management
  • Provide advanced workflow for contributors and consolidators
  • Offer customizable reporting via Excel add-ins and web reporting

Results & Impact

  • Fully digitalized consolidation process
  • Reduced operational time for preparation, validation, and review of objectives, indicators, and capacities
  • Better alignment between individual performance and company goals through a transparent and consistent structure
  • Increased engagement and accountability of managers in defining and achieving targets

Technologies used

  • CCH Tagetik Cloud – Consolidation, Collaborative Office, Disclosure Management modules
  • Workflow for Contributors & Consolidators
  • Excel Add-in and Web Data Entry
  • Data Integration via ETL and Quick Data Loader

 

Thanks to the collaboration with Ithude, the client transformed a complex and fragmented process into an integrated, compliant, and efficient system, positioning itself at the forefront of group economic-financial governance.

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