Peers Group digitizes its management consolidation

Every month, Thierry Guelfi, Group CFO, HR & Legal at Peers Group, sends out 10 different reports: a consolidated report for executive management and one report per subsidiary for each subsidiary director. Before EMASPHERE, all these reports were built in Excel, a time-consuming, low-value process. The CFO ran multiple extractions from his Sage accounting software, then reworked each file by hand to create a report for each entity, and then the consolidated report.

“Once my 9 reports were built, I combined them in a new file to get a consolidated view. But if an accounting entry was missing, I had to repeat every step, which was tedious. Some files also had several thousand rows, so processing took a long time. It was all the more stressful when my management committee met an hour later and I had to present up-to-date results.”

To save time building his consolidated reports, Thierry Guelfi now relies on EMASPHERE. The solution connects to his Sage accounting software, models and structures all the company’s data, and automatically turns it into dashboards and management indicators.

“Excel isn’t the best tool for consolidated reporting. EMASPHERE now saves me a lot of time producing my reports. As soon as I make a change in my accounts, it shows up in my EMASPHERE reporting in a few clicks, without any extracts or data manipulation. So my reporting always matches my accounts.”

“By clicking on any figure, I can see the detail right down to the accounting entry, which lets me check that the data entered in the accounts is reliable,” explains Thierry Guelfi.