Brief about implementation
The CONSORG Dominium CPM solution is dedicated to supporting management processes within a capital group in the areas of financial consolidation, budget consolidation, financial monitoring, and supervision of subsidiaries and associated entities.
Implementation stages
Financial consolidation of companies belonging to GK BOWIM S.A.
rapid creation of consolidated reports
facilitation of gathering and verification of all information needed for the preparation of consolidated financial statements
easy and fast access to information needed during consolidation
significant improvement in consolidation processes
Financial consolidation of companies belonging to GK BOWIM S.A.
storage and provision of information describing entities capital-related to BOWIM SA (subsidiaries, associates, others) to authorized users
provision of quantitative financial data of capital-related entities to authorized users
provision of tools enabling authorized users to perform comprehensive analysis and create reports and publications using information contained in databases
Implementation effects
more detailed analysis of transactions
all data in one place: one database, no so-called "cross-checks"
transaction agreements in online mode
decentralization - delegation of agreements to the level of units forming the group
standardization and harmonized layout of financial reporting
easier consolidation simulation
reporting from relational databases
reporting flexibility
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