Case Study: Kloosterboer

Benefits perceived by the customer

• The client can configure the application autonomously thanks to the straightforward parameter settings
• Consolidation process efficiency and reliability
• Using the Disclosure Management functionality, the data can be easily linked to Word, Powerpoint and Excel
• The tool allows for scalability to address the group’s growth.
• A more efficient and reliable consolidation process. The production of consolidated accounts is now easier, faster and accurate.

Final state

Jack van Lohuizen, CFO of Kloosterboer, explains: “The migration from Excel to Sigma Conso Consolidation & Reporting was a major step and the challenge could have been easily underestimated. However, by being in constant contact with a unique, reliable, Sigma Conso consultant who was well versed in our group’s specific needs, and who operated with a flexible attitude, we were able to meet our deadlines.

The Sigma Conso Consolidation & Reporting tool fits our needs perfectly and has exceeded our expectations given the tool’s:

• Reliability: every month, we can produce our consolidated figures efficiently, reliably and punctually
• Flexibility and autonomy: the application’s user-friendliness enables us to add new entities to the consolidation perimeter on our own, simply and rapidly.
• Performance: the application’s speed of execution is impressive.”

Wolter Brama, Group Controller at Kloosterboer, adds:
“The migration from our consolidation in Excel to the automated solution of Sigma Conso has been very advantageous to us. Our data is now more reliable, both at entity and group levels, processes are streamlined, and key information is readily accessible. Sigma Conso Consolidation & Reporting has made it possible for me to produce a monthly consolidation for the group, minimising the need of several intercompany reports. I also have a complete overview of the figures with all the necessary details, throughout the year, instead of just once per year at the closing period.”

Watch the video and discover how Sigma Conso helped Kloosterboer simplify their monthly group reporting: