Business cases

Consolidation, management reporting, intercompany reconciliation: discover what our clients say

Business case Cogent Communications

Business cases

Cogent Communications: key information

The return on investment – in a few words

The situation

Cogent Europe is part of a US group. They acquired Consolidation & Reporting a few years ago for the monthly consolidated reporting of the European subgroup. In a second phase, the headquarters in the United States was looking for a software to provide the relevant information and documentation to several stakeholders (management, analysts, tax authorities, auditors) and perform a monthly hard close.

The solution

The license for Consolidation & Reporting is now used across the group to provide a variety of reports in several currencies:

The local data is automatically imported into Consolidation & Reporting from different accounting systems and databases. It includes both financial data and non-financial data. The group also makes use of different possibilities of the software:

BC Cogent

The result

By the use of the software and its functionalities, the group is able to:

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