Assistance for Finance Departments

Outsourcing the
Consolidation & Reporting Function

Do you plan to outsource your consolidation process? Do you need assistance with your first-time consolidation? Would you like to assess the impact of your acquisition and transfer transactions or the evolution of your shareholder structure (LBOs or Carve-outs)?

We assist the Finance department of French and international groups with their consolidation and reporting and in implementing IFRS standards and French accounting standards.

We offer a ready-to-use solution: complete outsourcing of your consolidated accounts, producing your management and extra-financial reporting, as well as providing access to our Primexis Cloud platform or integrating your own solution.

A dedicated team of 50 Consolidation and Reporting experts is at your service.

In 2024, we completed more than 80 quarterly and annual closings and consolidated:

billion euros in turnover

billion euros in balance sheet total

2200

entities

They have placed their trust in us

Our expertise at your service

Implementing Outsourcing Consolidation

Understanding the group’s activities and financial organization
Creating a responsibility chart (RACI)
Customizing a Primexis Cloud solution according to your needs
Developing models of financial statement and notes
Transferring historical data into the consolidation tool

Securing the Consolidation Process

Defining the consolidation scope and instructions for subsidiaries
Integrating and approving subsidiary data and accounting restatements
Reconciliating intra-group transactions
Controlling and approving tax proofs and consolidated financial statements
Analyzing accounts and presenting to management
Preparing summary documents
Managing relations with statutory auditors

Personalized Assistance and Financial Consulting

Managing complex transactions: LBOs, carve-outs, and scope changes
Monitoring regulatory developments that may impact your financial reporting: IFRS and French standards
Assisting with specific subjects: ATAD directive, impairment test, covenant calculation, and IFRS 16
Implementing regulatory reporting: ESEF (iXbrl), CBCR reporting, green taxonomy, and CSRD
Producing management and extra-financial reporting (HR and sales)
Training your team on the Primexis Cloud solution

Our areas of expertise

New legal obligations: exceeding consolidation thresholds and IPOs
Shareholder structure changes: LBOs and carve-outs
Implementing financing
Implementing first consolidations
Shortage of specialized internal resources
Changing service providers

Our personalized assistance

We provide you with a dedicated team among our 50 experts, with the following structure:

1 Partner and 1 Manager who bring their expertise and coordinate the assignment
Specialized consultants
Flexible location (remote or in person) and schedule

Examples of Outsourcing Consolidation & Reporting Function engagements

First Consolidation

Assessment and IFRS Transition

Outsourcing Consolidation and Reporting function

Operational Assistance

Client

Groups in all sectors of activity

Engagement objective

Establish first consolidated accounts in compliance with IFRS standards or ANC (French Accounting Standards Authority)

Our involvement

Analyzed financial reporting activities and challenges
Adapted to client’s consolidation processes and financial and extra-financial reporting needs
Managed consolidated accounts production and reporting

Client

Energy data collection platform and ESG consulting

Engagement objective

Establish first consolidated accounts in IFRS standards

Our involvement

Identified variances in accounting standards, financial statement formats, and notes contents
Benchmarked with groups in the same sector of activity
Calculated the impact of the variances and performed simulations on financial statements
Analyzed current reporting tools and developments required to meet the group’s needs

Client

Group specialized in IT maintenance and materials

Engagement objective

Secure the monthly consolidated and annual reporting

Our involvement

Produced reporting with a dedicated team
Managed acquisition transactions: analyzed earn outs in accordance with IFRS 2 and IFRS 3 standards and recognized the fair value of assets and liabilities
Financial consulting: ATAD and hyperinflation

Client