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Data & Intelligence · Consolidation & Reporting

Connecting 140+ Entities for Timely Financial Consolidation

Integrate 140+ entities for timely financial consolidation

  • 140+Entities connected
  • 2014Year

Background

Financial and operational consolidation across a portfolio of 140+ entities was a manual exercise — heroic spreadsheets, late-night reconciliation, and a closing window that always slipped.

The group needed a platform that would do the aggregation itself, with each entity's data flowing in on a defined cadence, standardised and ready for reporting.

The task

Design and implement a data integration solution connecting all 140+ entities, automating collection, and producing consolidated financial reports on time.

The solution

A centralised integration platform was developed with custom connectors for each entity's source system. Whatever the source format, the platform speaks it.

Data validation, transformation, and aggregation tools standardise the inputs into a unified financial reporting framework.

Real-time processing means consolidated reports are available inside the closing window, allowing stakeholders to act on the most recent picture rather than the most thorough one.

Customisable reporting features let users generate the dashboards and reports their roles require.

Connecting entities for financial consolidation

Integrate 140+ entities, automate collection, implement tools for real-time consolidation.

  1. 01

    Entity assessment

    Evaluate each entity's data source and integration profile.

  2. 02

    Build connectors

    Develop and deploy connectors for automated collection.

  3. 03

    Aggregate & report

    Standardise, aggregate, and surface consolidated reports.

Project details

Client
Magnolia Group
Vendor
Microsoft, NCR
Date
Nov 20, 2014
Budget
$50,000
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Connecting 140+ Entities for Timely Financial Consolidation — image 1Connecting 140+ Entities for Timely Financial Consolidation — image 2Connecting 140+ Entities for Timely Financial Consolidation — image 3
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Suhayeb Jaabo

Digital transformation advisor.

Twenty-five years building the systems that move governments and enterprises across the GCC.

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