Duvel Moortgat chooses Sigma Conso for the group’s consolidated reporting
Brussels, 17 March 2015 – Sigma Conso, the international supplier of solutions for group financial reporting, announced today that they have acquired a new client in Belgium: the Duvel Moortgat group has chosen Mona Group Reporting to perform their consolidation and financial reporting.
To support the Duvel Moortgat group’s international growth, the financial management was looking to switch to a reliable, user-friendly software that could be managed in-house. It would also have to accommodate a number of specific points that are important for the group, such as the consolidated cash flow, equity detail and inclusion of tools to justify any equity discrepancies, etc. Implementing Mona Group Reporting offers an optimal solution to the group’s needs: all entities have been given access to the software and the consolidation team has full control over the parameter setting. Moreover, the software’s flexibility allows faster processing of developments such as takeovers and changes in shareholdings, so that a consolidated result can be generated more quickly.
Gigi De Borgher, Manager Group Accounting & Controlling at Duvel Moortgat Group explains: “We chose Mona Group Reporting chiefly for its flexibility and user-friendliness. We also appreciate how well the start-up of the project was planned and managed and that all the parties met their deadlines. This allowed the implementation of Mona Group Reporting to go extremely smoothly and we were soon up and running with the new system. The clear, effective training ensured that everyone was able to get started quickly. Finally, the Sigma Conso consultant oversaw the entire project flawlessly and thanks to him, we were able to complete the first consolidation worry-free.”
Dominique Galloy, CEO of Sigma Conso, explains: “Duvel Moortgat had previously used a consolidation package from a large American multinational. One of the strengths of Sigma Conso is the combination of a basic software package equipped with a wide range of functionalities and a team that has the right specific know-how. This is greatly appreciated by our clients. Duvel Moortgat is one of our many clients who made the switch to our software for all of these reasons.”
About Duvel Moortgat
Duvel Moortgat is an independent brewing group that is noted for its focus on specialty beers and premium brands: in addition to Duvel, it also produces Vedett, Liefmans, Chouffe, De Koninck and Maredsous.
Duvel Moortgat operates 7 breweries, with 4 in Belgium (in Puurs, Achouffe, Antwerp and Oudenaarde), 1 in the Czech Republic and 2 in the United States (in Kansas City, MO, and Cooperstown, NY).
Duvel is currently enjoyed around the world. In most of the export countries, Duvel Moortgat chiefly works with local importers for the sales and distribution of its beers. In the Netherlands, France, the United Kingdom, China and the USA, the group has developed its own sales and distribution team, as these markets offer the greatest potential.
For more information, please see www.duvel.com