Exclusive Networks automates its monthly consolidated reporting with Sigma Conso
Paris, 25 November 2014 – Exclusive Networks, a value-added distributor of security, storage and network software and services selected Mona Group Reporting, the unified consolidation and reporting software from Sigma Conso, to do the group’s monthly consolidated reporting.
Exclusive Networks is a rapidly expanding French group with a policy of active external growth. Currently present in 22 countries around the world, the group has set a turnover target of €1 billion by 2017, triple the 2013 figure. To meet this ambitious goal and effectively pilot the group, the Finance Department has implemented monthly consolidated reporting for actuals (income statement, balance sheet and cash flow) and the budget. The team chose Mona Group Reporting to increase process reliability and productivity. Information collection for both flows and analytical dimensions is now completely automated.
Stéphanie Riera, Group Financial Controller at Exclusive Networks, explains: “The Sigma Conso application’s multilingual and multi-currency functions were a major reason for our choice. It is also very ergonomic, which makes it easy for the teams in the entities to learn.
Mona Group Reporting’s flexibility lets us get information from the different profiles in the entities. This means direct access for employees in the entities and offline consolidation package transmission for our chartered accountants. The application is also upgradable which will enable us to upload more data in the future.”
Dominique Galloy, Sigma Conso’s Managing Director, adds: “We’re proud to support Exclusive Networks’ international growth. Many groups in France want to manage their cash flow and are looking for an upgradable consolidation reporting application. Mona Group Reporting perfectly answers the needs of these groups by unifying reporting and the consolidated budget.”
Exclusive Networks Group connects emerging and growing global technology vendors to EMEA markets through its « Super VAD » value-added distribution model. Exclusive Networks Group specialises in security, network, infrastructure, and storage solutions for the ‘Smarter Social Enterprise’ and works with more than 4 600 reseller partners.
Operated as a tightly integrated group of nationally-focused, independent, and entrepreneurially-led business units, Exclusive Networks Group has become renowned for bringing innovative and disruptive technologies to the European marketplace. Since 2003 it has achieved significant growth and shared commercial success by providing accelerated go-to-market momentum for its vendor, integrator, VAR and service provider partners through consultancy, engineering, sales, marketing, training and technical support services.
Headquartered in France, Exclusive Networks Group is present in over 22 countries in Europe, the Middle-East, in North Africa and in Australia.
For more information, please go to www.exclusive-networks.com