SAP Analytics
Thought Leadership

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.

From November 2015 to November 2016, with 9 months on site, Column5 worked at the Saudi Arabian Monetary Authority (SAMA), which acts as the central bank for the KSA, to implement a Budgeting, Planning and Forecasting system using SAP BPC 10.1 NW on BW 7.4. This is the story of that implementation and the key factors behind the success of the project.

At Column5 our mission is to work closely with our clients to achieve excellence in Enterprise Performance Management (EPM). A core business process embraced by EPM is financial consolidation and external regulatory reporting. Every listed company has to perform this process at least once a year and many perform it quarterly if local regulation requires or even monthly (assuming they have integrated their financial and management reporting, one of our key recommended best practices).