picture19Challenge

  • Diverse business holdings
  • Ownership percentages changing frequently
  • No standard consolidating Chart of Accounts (COA)
  • No standard investment and equity eliminations
  • No standard Non Controlling Interest eliminations
  • No equity pick up for multiple holdings
  • No standard currency translation
  • Gaps in GL data

Solution

  • A single Hyperion Financial Management (HFM) instance
  • One common chart of accounts to incorporate all business holdings
  • Dynamic business rules for Investment and Equity eliminations and Non-Controlling Interest
  • Dynamic business rules for equity pick up across multiple holding companies with ability to change ownership on the fly, including periodic pick ups
  • Standard currency translation methodology including historic account and periodic translation for cash flow

The solution has been running in production since 2013

Benefits

  • One version of the truth
  • Standard elimination process across holding company
  • Ability to see fully loaded holding company‚Äôs cost and equity investment positions at any time
  • Currency translation and CTA are standard across the holding company
  • Consolidated reporting in in seconds, not hours or days

Return to Client List