Business cases

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

Jan De Nul Group Case Study

Business cases


Jan De Nul Group: key information

Business sector: Offshore, marine, civil, environment and project development
Company status: Familiy business
Founded: 1938
Headquarters Luxembourg
2020 Sales Revenue: € 1.9 bn
Consolidation entities 170
Company website: www.jandenul.com

 

Summary of benefits perceived by the customer

Background

The Jan De Nul Group produces consolidated accounts twice a year.

The consolidation process is centralized, performed by a single employee at the headquarters.

The consolidation complexity in the case of the Jan De Nul Group results from:

Due to the strong growth of the group and consequent increase in management needs, consolidations were required at a higher frequency than the standard semiannual ones. The finance department required a reliable tool that could be the backbone of an efficient consolidation process, providing management with up-to-date financial information and that addressed the group’s growth and evolving needs.

The solution

Sigma Conso Consolidation & Reporting was selected following a competitive bidding process involving major competitors (SAP, IBM, Oracle).

Data originating from various proprietary systems, interfaces with Sigma Conso Consolidation & Reporting to deliver a smooth consolidation process with accurate results.

Final State

The application has several useful functionalities such as the creation of Events (automating recurring entries).

Currency translation adjustments can be managed efficiently, and data traceability is guaranteed, simplifying the work of the auditors.

Marc De Raedt, Consolidation Manager at Jan De Nul explains:

“Amongst the numerous benefits that Sigma Conso Consolidation & Reporting provides us with, I particularly appreciate its ability to automatically create reports that show our (very complex) group structure. Before the implementation of the software, I had to create organization charts myself.”

Do you want to improve your consolidation and reporting process?
Contact us today and we’ll take a look together at how you can reach your goals!

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