Client Project

Database Solution for HGB Consolidation – Consolidated P&L at the Push of a Button

The client commissioned us to relieve the responsible controller from the consolidation of multiple subsidiaries with the parent company. We developed a database solution that loads P&L statements from DATEV and Sage in a structured manner. The database consolidates the entities according to predefined HGB criteria and automatically provides a consolidated P&L statement – with significantly less effort and significantly fewer error sources.

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Response within 24 hours.

Interim Controlling

Results at a Glance

Relieving the controller from manual consolidation of multiple entities

Development of a database for processing and consolidating P&L statements

P&L statements from DATEV and Sage are loaded and processed centrally

Consolidation according to defined HGB criteria (automated logic)

Automatic provision of a consolidated P&L statement ("Single Source of Truth")

Work effort reduced to a fraction of the original time

Fewer errors, more time for core controlling tasks

Initial Situation

Manual consolidation of multiple entities was time-consuming and error-prone. The controller had to manually compile and reconcile P&L statements from different accounting systems.

Approach

We developed a database solution that loads P&L statements from DATEV and Sage, applies consolidation rules according to HGB criteria, and automatically generates a consolidated statement.

Result

The consolidated P&L statement is now available at the push of a button. The work effort has been reduced to a fraction, and the controller can focus on value-adding tasks.

Looking to Streamline Your Consolidation Process?

We develop automated consolidation solutions that relieve your controlling team and ensure consistent, reliable financial statements.

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