Group Consolidation & Reporting
Primexis is the reference partner for finance departments for group consolidation and reporting issues. Our 40 specialists are sector experts who have mastered the regulatory obligations and information systems. They also know how to assist groups in optimizing and rendering their financial and non-financial information more reliable.
Your challenges
Would you like to secure your closing? Are you looking for a manager to lead your Consolidation and Reporting team? Are you looking to outsource all or part of your consolidated accounts preparation process? Do you need support in implementing a new IFRS standard within your group, or do you want to adopt IFRS for the first time? Would you like assistance in developing your group reporting tool?
Primexis’ Group Consolidation and Reporting team can provide you with a solution tailored to your needs.
Consolidation & Reporting Assistance
Our consultants can reinforce your teams throughout the entire process of preparing consolidated accounts and also with numerous group reports such as, CBCR, Solvency II, ESEF, green taxonomy, or CSRD.
Our areas of expertise
- Lack of resources: vacant positions or vacancies caused by employees working on other internal projects
- Integrating new entities following external growth operations or business combinations: impact analysis, standardization and implementation of group rules, or training on tools
- Assistance with complex operations
Outsourcing Consolidation & Reporting Function
We take care of all or part of your consolidation function:
- Creating a dedicated team of specialized consultants with a manager, who will be your primary contact
- Process management: instructions for subsidiaries, data integration and approval, consolidated accounts production, and presentations for the finance department
- Primexis Cloud: our reporting and consolidation platform is available and customized to your needs
Our areas of expertise
- First-time consolidation using IFRS or French standards
- Initial public offerings, LBOs, carveouts, or spinoffs
- Lack of critical mass to build or maintain a dedicated team
IFRS & Standards Accounting Consulting
Primexis’ team of experts can advise you on changes in standards and regulations and also regarding strategic decisions that will impact the structure of your group. We can help you understand the impact on financial indicators and help you understand the organizational and information system challenges.
Our areas of expertise
- First application of new accounting standards
- Transitioning to IFRS accounting standards
- Carrying out simulations and impact assessments during your acquisitions, transfers, or any other restructuring operation of your group
- Implementing new reporting regulations: CBCR reporting, green taxonomy, or ESEF (iXbrl)
Optimization & Project Assistance
In order to improve turnaround time for you consolidated reporting and improve the quality of your financial information, our team studies ways to optimize the processes and recommends new software solutions in conjunction with our Group Information System team.
Our experts are also repeatedly called upon to assist with information system overhaul projects: scope statements, testing and data migration, or change management. They ensure that the consolidation and reporting department’s needs are taken into account during each project management engagement.
Our areas of expertise
- Projects to reduce closing time (fast close)
- Implementing internal control standards
- Implementing new EPM solutions
Client
CAC 40 group, turnover of 29 billion euros
Engagement objective
Operational assistance and advisory
Our involvement
- Operational assistance with quarterly closings
- Reinforcement on specific projects
- Implemented new standards (IFRS 9)
- Redesigned tax proof monitoring tools
- Processed IFRS acquisition operations and monitored PPAs
Client
Group under an LBO specialist in the fields of quality control, security, and certification, turnover of 900 million euros
Engagement objective
Transition to IFRS standards as part of a growth project
Our involvement
- Presented differences of standards
- Collected and assessed impact of standards
- Prepared transition documents (first time application)
- Presented to auditors
Client
Major player in insurance brokerage, turnover of 800 million euros
Engagement objective
Outsource the function and implement management reporting
Our involvement
- For more than 10 years, Primexis has handled the group’s consolidated accounts. This solution allows us to effectively support the group’s development (several LBOs) and successive acquisitions.
- Our teams have also developed a range of group reporting solutions configured on the Primexis Cloud platform: consolidation and reporting in SaaS mode on SAP FC software.
Client
Group under a global LBO specialist in IT infrastructure maintenance, turnover of 200 million euros
Engagement objective
Implement a range of actual and projected management reporting solutions
Our involvement
- The project team, made up of Primexis’ specialists in group information systems and consolidation, together with the group’s internal management, developed consolidated reporting solutions (monthly actuals, budgets, and reforecasts) based on geographical location for the monitoring needs of the investment fund, finance department, and operations divisions
Décideurs Magazine ranks ours Consolidation
and Reporting team as a Key Player
in the 2022 Rankings of
“Partners of the Finance Department – Consolidation”
A reference thanks to our clients’ trust and our employees’ commitment and efficiency.
Our teams,
Our skills
Primexis’ Consolidation and Reporting team specializes in operational reinforcement in all sectors of activity.
- A team of specialists trained in the latest accounting and regulatory developments and constantly on the lookout for changes in IFRS, CSRD, and ESEF standards
- Considerable experience with international groups and listed companies, as well as vast knowledge of the organization of medium-sized groups in France and abroad
- Extensive and regular practice preparing consolidated accounts under French standards and IFRS
- Solid understanding of the major consolidation tools on the market: SAP FC, Oracle HFM, Tagetik, Onestream, or Invoke
A trustworthy partner to many companies
They have placed their trust in us
Our firm offers multi-sector assistance
Controlling
Information Systems Group (SIG)
Primexis Cloud