Streamlining Legal Consolidation for Global Business Insight

Streamlining Legal Consolidation for Global Business Insight

Overview:

Diligent Global spearheaded a critical legal consolidation process for a multinational client, leveraging SAP S/4 HANA for enhanced financial integration and reporting.

Challenges:

  • Diverse systems causing fragmented financial reporting.
  • Manual consolidation hindering timely and accurate financial insights.
  • Complexity in adjusting non-controlling interests and handling currency translations.

Solutions:

  • Deployed a customized SAP S/4 HANA solution for automated data integration and consolidation.
  • Developed rules for auto-calculating ownership percentages and goodwill adjustments.
  • Established a powerful business process flow, enabling guided workflow functionality across modules.

Results:

  • Achieved a unified platform for financial data from different ERP systems, improving the speed and accuracy of consolidation.
  • Enabled real-time, currency-adjusted financial reporting and analysis across all subsidiaries.
  • Streamlined indirect cost allocation and capital consolidation, enhancing strategic decision-making.

Summary:

This case study showcases Diligent Global’s expertise in delivering a comprehensive legal consolidation solution. The project significantly improved the client’s financial transparency and operational efficiency, demonstrating our commitment to delivering tailored solutions that address complex financial challenges.

Transform your legal consolidation with Diligent Global’s cutting-edge solutions.

Contact us at info@diligentglobal.com to discuss how we can enhance your financial processes and reporting.