Efficient consolidated accounts in real-time
The key benefits of the new consolidation solution by IDL include the process support and automation. The solution also significantly facilitates the accounting department's work e.g. with the capability of automatically mapping the debt and cost/income consolidation as well as minority interests and exchange rate differences.
"The aggregated data presentation is highly beneficial for us. At the same, the drill-down function enables us to analyse how accounts are composed, which share pertains to which company and how the currency is calculated. The information transparency and traceability has improved significantly.
The new solution is extremely convenient and much easier to handle than before - not to mention the time savings."
Alexandra Jacobs, Head of Accounting, Horváth & Partners.
Horváth & Partners is an independent international management consulting company with a headcount of more than 400 highly qualified employees and a total sales volume of more than Euro 70 million in the fiscal year of 2007/08.
In addition to five German branch offices, the group also operates companies in Austria, Switzerland, Rumania, Hungary and the USA.