SAP Analytics
Thought Leadership

In June,  Column5 Consulting and our EPM International partners hosted the EMEA EPM Leadership Summit at the Royal Overseas League in London.

This key event in our calendar brought together SAP EPM users from across the region to think, participate and network on all topics relating to EPM.

Among the many discussions and sessions that covered the entire SAP EPM portfolio were some specifically on the topic of SAP Financial Consolidation (SAP FC previously named SAP BFC). SAP FC (formerly Cartesis) is a well proven standalone consolidation solution, designed for large and complex corporates where control and auditability are essential. FC is especially relevant across UK and Europe, where IFRS and statutory reporting are key requirements.

During November and December, Column5, in conjunction with our client DNB, three interesting and informative webcasts ran on the exciting and rewarding journey taken by DNB ASA, Norway’s largest financial services group.

This series of webcasts focused on the following specific and important elements of Enterprise Performance Management:

• Financial Consolidation for Statutory and Regulatory Reporting
• Intercompany Reconciliation
• The Last Mile of Financial Reporting

Each topic was underpinned by informing the attendees how SAP EPM solutions help companies achieve excellence and efficiency based on this real life DNB example.

SAP has a portfolio of Consolidation solutions with their own unique positioning and the SAP Financial Consolidation (FC) software is an enterprise solution offered to companies looking to improve and speed up their financial close – without sacrificing quality control and compliance.

FC became part of the SAP EPM portfolio through the acquisition of BusinessObjects in 2007.  BusinessObjects itself acquired the French software vendor Cartesis who originally marketed Financial Consolidation as Cartesis Magnitude.  With a large and loyal customer base throughout Europe and Japan, FC has a particularly strong focus on statutory consolidation requirements within large multinational organisations that have complex and evolving corporate structures across multiple reporting standards (e.g. IFRS and local GAAP).