Consolidation and Reporting

Financial Consolidation System

Financial consolidation is a crucial process for businesses operating across multiple entities or jurisdictions. At ACFIN PARTNERS, we specialize in setting up and optimizing financial consolidation systems, offering solutions that reflect the complexity and specificity of your corporate structure.

Our services include:

• Harmonization and Integration of Financial Data: We provide solutions to ensure accurate and consistent consolidation of financial data by unifying and integrating from various sources or systems.
• Compliance with Accounting Standards: Our team is expert in aligning consolidation processes with international accounting standards (IFRS, GAAP, etc.), ensuring the reliability and credibility of consolidated financial statements.
• Optimization of Closing Processes: We assist in speeding up financial closing processes, reducing consolidation times for quicker decision-making and better market responsiveness.
• Decision Support and Management Reporting or Budget Preparation: In addition to statutory consolidation, we provide management or budget reporting information, helping leaders understand the financial implications of their strategic decisions.
• Training and Continuous Support: We offer ongoing support to ensure that your consolidation systems remain effective and up-to-date with customized training for your teams.

Our approach aims to transform your financial consolidation process into a powerful tool for business management and strategy, enabling you to navigate confidently in a complex and constantly evolving economic environment.

Operational Support and Outsourcing

ACFIN PARTNERS offers extensive operational support and outsourcing options as part of our commitment to providing comprehensive services in consolidation, reporting, and budgeting. Our goal is to allow you to focus on your core business while ensuring the quality and reliability of your consolidated financial information.

In this area, our services include:

• Flexible management of consolidation resources: We offer flexible solutions to manage your consolidation resource needs, allowing you to quickly adapt the team and skills according to closing periods or specific projects.
• Total or partial outsourcing: We can take over all or part of your consolidation and reporting processes, according to your needs. This may include the creation of consolidated financial statements, management of organizational changes, or integration of new acquisitions.
• Continuity of operations support: In times of transition, whether due to staff changes or emergencies, we ensure that your consolidation team remains consistent and stable.
• Technical expertise and regulatory support: Our team offers deep technical expertise and support to adapt to regulatory changes, ensuring that your consolidation remains compliant and up-to-date.
• Optimization and streamlining of processes: We work to optimize your consolidation processes to improve efficiency, reduce costs, and strengthen internal control.

With ACFIN PARTNERS, you benefit from unmatched expertise and a dedicated partner who understands the nuances and challenges of financial consolidation in your industry.

Optimization of Consolidation and Reporting Processes

Consolidation and reporting processes are crucial for a company’s success. At ACFIN PARTNERS, we specialize in optimizing these processes to increase the productivity, accuracy, and compliance of your financial operations.

Our approach focuses on:

• Reducing Closing Times: We use advanced techniques to accelerate your financial closing cycles, allowing you to have timely consolidated financial data for decision-making.
• Improving Data Quality: Our team emphasizes the quality and reliability of data by implementing rigorous verification processes to ensure the accuracy of financial information.
• Internal Control and Compliance: We strengthen your internal control processes to reduce financial and operational risks.
• Automation and Technology: We assist in automating repetitive tasks and integrating systems for more efficient and less error-prone consolidation using the latest technologies.
• Enhanced Reporting: By providing relevant information that facilitates the understanding and analysis of your company’s performance, we work to improve the clarity and usefulness of your financial reports.

With ACFIN PARTNERS, you will benefit from an optimized consolidation and reporting system that meets current standards and is ready to adapt to future changes in the financial landscape.

Structural Operations Support

Our support service for structural operations is designed to integrate seamlessly into your consolidation and reporting processes, ensuring a smooth transition during significant organizational changes.

• Post-Acquisition Financial Consolidation: We assist you in consolidating the financial statements of newly acquired entities. To faithfully reflect the new corporate structure, this involves harmonizing accounting methods, eliminating inter-company transactions, and updating consolidated reports.
• Strategic Reporting During Restructurings: During restructurings, we adapt your financial reports to reflect organizational changes. This includes updating information on business segments, reclassifying assets and liabilities, and providing relevant analyses for stakeholders.
• Support in Merger and Acquisition Reporting: We prepare specific reports for mergers and acquisitions, including financial impact analyses, pro-forma reports, and evaluations of synergies and integration costs.
• Regulatory Compliance and Reporting: By providing expert advice on the accounting and regulatory implications of these transactions, we ensure that all structural operations adhere to required consolidation and reporting standards.

By choosing ACFIN PARTNERS, you benefit from expert support, ensuring that your structural operations are handled strategically, with special attention to the impact on financial consolidation and reporting.

Useful Links and Additional Resources

To deepen your understanding of financial consolidation and reporting, we recommend the following resources:

• Social Networks: Follow us on our social networks for real-time updates, interactive discussions, and enriching experiences in the financial field.
• FAQ and Support: Visit our FAQ section for answers to frequently asked questions and for additional support.
• Websites of European, French, and Luxembourgish market authorities:
  • https://www.esma.europa.eu/
  • https://www.amf-france.org/en
  • https://www.cssf.lu/en/

These resources are designed to provide you with comprehensive and up-to-date information, helping you stay informed about the latest developments in financial consolidation and reporting.