Case Study | 5àSec has chosen Conso&Report for its statutory consolidation

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Le 13 March 2020

Assist strategy and growth dynamics thanks to reliable reporting

Context

In order to support its strategy and its growth dynamic, the 5àsec
group wishes to develop its information system on several functional
parts : consolidation, financial reporting, BI and business reporting.
With its 19 subsidiaries, the group was looking for a solution capable
of carrying out both its quarterly statutory consolidation (under IFRS /
French GAAP) and its monthly financial reporting.

Benefits

● To save time in the consolidation process, in particular by allowing the subidiaries to manage their intra-group data reconciliation in real time
● Enhance reliability of the data
● Have an unified solution by statutory consolidation (in the standards CRC99-02 and IFRS) and of management reporting
● Concentrate on the analysis and the piloting rather than on the production of figures

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" Our previous solution was no longer suitable because it did not ensure reporting data reliability. We therefore decided to adopt a recognized and stabilized solution. "

Hong-Linh Tran
Group Financial Controller, 5àSec Group

" We were equally attracted by both the technical and financial advantages of the SaaS-based offering. We chose the Viareport Online solution, which is the reference in its market. Based on the SAP FC engine, it includes all legal reporting and management reporting processes. "

Hong-Linh Tran
Group Financial Controller, 5àSec Group
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Conso & Report

With Conso & Report, Viareport highlights its expertise in both software development and financial consolidation by improving on the user experience.  Conso & Report provides a solution to issues reported by SaaS-based customers, such as incompatibility with modern browsers, complex navigation and a non-intuitive interface with too many screens. Conso & Report is available in our Finance Cloud.

Lease

Brought to life through the viareport agile development process. LEASE is a cloud based application, easy to use and to roll out. It eases your workflow and your consolidation issues regarding the evolution of IFRS16 and IAS17standards.

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