Eiffage Case Study
Eiffage Group: key information
|Business sector:||Construction and real estate|
|Company status:||Listed in Paris Stock Exchange (SBF 120)|
|2019 sales revenues:||€ 18.1 bn|
|Number of employees:||72,000|
|Number of users:||240|
Summary of benefits perceived by the customer
|– Autonomy:||Simple configuration enabling autonomous parameter set-up|
|– Performance:||Fast calculations despite high data volumes|
|– User-friendliness:||Intuitive and simple to learn|
|– Data-driven decision-making:||Ability to conduct simulations, enabling decision-making to be based on accurate data|
The Eiffage Group was looking for reliable, high-performance consolidation software that would enable them to prepare their quarterly consolidated accounts with semiannual and annual reports, independently.
The consolidation at Eiffage is subjected to specific requirements:
- IFRS consolidation with strict compliance and publication deadlines on June 30 and December 31. The group also has quarterly closings on 31 March and 30 September
- Ability to rapidly manage the frequent changes in scope, inherent to a dynamic group, such as disposals, acquisitions and grouping of entities
- Consolidation is organized in transparent legal levels with 17 sub-groups
- Ability to manage the large volume of data that would be generated by the 240 users in 550 consolidation entities
- Ability to consolidate the data rapidly
The selected solution
Following a call for tenders to evaluate the software packages available on the market, Sigma Conso Consolidation & Reporting was selected.
The application’s implementation was completed within the specified deadline and the Eiffage Group now has an application that meets their needs, well appreciated by the end-users. Sigma Conso Consolidation & Reporting is a high-performance tool which consistently enables the group to produce its consolidated reports punctually.
The Eiffage Group now has in place an application that is user-friendly and intuitive that easily gained acceptance by all the users and which can be configured autonomously, maintaining the application aligned with the group’s evolution.
By virtue of the application’s algorithms, clear performance gains have been made and despite the large volumes of data, calculations are executed within minutes.
The ability to conduct simulations allows strategic, data-driven decision-making to be made. Typical simulations include, but are not limited to, the impact of acquisitions/ disposals and implementation of new standards.
Joël Marme, Eiffage Group Accounting Director explains:
“We are completely satisfied with our choice. We immediately understood that the Sigma Conso Consolidation & Reporting application was simple to learn and use. It is easy to administer and the software enabled us to be autonomous within a very short time-frame. The application produces consolidations quickly, despite the high data volumes. The financial reports are complete and the Excel add-in provides a simple means of exporting data to Excel.”
“Sigma Conso Consolidation & Reporting also enables us to easily run simulations, create pro forma accounts, etc…. which helps Executive Management in decision-making. Sigma Conso Consolidation & Reporting also enables step-by-step consolidation. In Eiffage’s case, all the information is available: from the highest level to the most detailed one. The contribution made by every business unit to the group’s result is shown without having to run multiple processes.”
Migration to Sigma Conso Consolidation & Reporting was very straightforward and the internal feedback was very positive. The 240 users quickly adopted the application and used the new tool autonomously within a very short time-frame.
Joël Marme continues:
“Sigma Conso Consolidation & Reporting is a flexible and powerful consolidation software application, at the leading edge of technology. The tool is ideally suited to the needs of major groups like Eiffage. Being a web-based tool, it can be deployed efficiently and provides impressive performance. Its business-line logic is very clear and makes it simple to learn at every level of the company. We are now fully autonomous with the tool (configuration, report creation, interfaces, etc.): Sigma Conso gives us all the flexibility and the rigour we need in a constantly changing environment.”