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 support groups in optimizing and rendering their financial and non-financial information reliable.
Your challenges
Do you want to secure your closing? Are you looking for a manager to take over 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 into your group, or do you want to adopt IFRS for the first time? Do you want support 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 in 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 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 the 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 point of contact
- Process management: instructions for subsidiaries, data integration and approval, consolidated accounts production, and presentations for the finance department
- Primexis Cloud: access to and customization of our reporting and consolidation platform for your reporting 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’ expert teams can advise you on changes in standards and regulations and also on strategic decisions that will impact your group’s structure. We can help you understand the impacts on financial indicators and learn about 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 on your acquisitions, transfers, and any restructuring operation of your group
- Implementing new reporting regulations: CBCR reporting, green taxonomy, or ESEF (iXbrl)
Optimization & Project Assistance
Our teams work with you to improve consolidated reporting times and the quality of your financial information by optimizing your process and/or offering you new software solutions in conjunction with our Group Information System (SIG) team.
Our experts are also regularly called on to assist with information system overhaul projects: scope statements, testing and data migration, or change management. They provide project management assistance to guarantee that the consolidation and reporting department’s needs are taken into account.
Our areas of expertise
- Projects to reduce closing times (fast close)
- Implementing internal control standards
- Implementing new EPM solutions
Client
CAC 40 group, turnover of 29 billion euros
Engagement objective
Operational assistance and advising
Our intervention
- 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 intervention
- Presented divergences by standards
- Collected and assessed impacts 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 intervention
- For more than 10 years, Primexis has been responsible for the group’s consolidated accounts. This solution enabled us to effectively support the group’s development (several LBOs) and successive acquisitions.
- Our teams also developed various group reports on the Primexis Cloud platform: consolidation and reporting using a 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 various actual and projected management reports
Our intervention
- Primexis’ project team, made up of specialists in Group Information Systems, Consolidation, and internal management, developed consolidated reports (monthly actuals, budgets, and forecasts) 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
“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 is specialized in operational reinforcement in all sectors of activity.
- A team of specialists trained in the latest changes in accounting and standards, who are constantly monitoring the changes in IFRS, CSRD, and ESEF standards
- Extensive experience in international groups and listed companies, as well as vast knowledge about the organization of medium-sized groups in France and abroad
- Extensive and regular practice in preparing consolidated accounts under French standards and IFRS
- Experts in the main 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