The CESCE Group reinforces the treatment of its financial information
The organization has implemented SAP BPC technology to gain security and speed in the economic, accounting, commercial and budgetary consolidation of data
Madrid, December 23, 2020.- The CESCE Group has modernized and reinforced its system for consolidating Financial Statements, in a clear commitment to innovation and digitization, two objectives included in its Strategic Plan 2021-2024. The Group, made up of 27 companies that follow the regulations of insurance companies or accounting plans according to their activity, has chosen SAP BPC technology to integrate all the financial data of the different companies and thus automate the extraction of information and consolidation tasks to facilitate corporate reporting.
Through the implementation of this new technology, the CESCE Group has endowed professionals with greater autonomy and thanks to this it has achieved an automation in obtaining the consolidated Financial Statements. In addition, real-time data collection times have been optimized, which has improved process control, and greater traceability, security and scalability of information have been gained.
According to María Aracama, Head of the CESCE Group’s Latam Consolidation and Control Unit, “this project has provided us with an agile, flexible and usable platform to improve the economic, accounting, commercial and budget consolidation of all group companies, facilitating information in real time when making strategic decisions for the business ”.
The new SAP BPC technology tool implemented by the CESCE Group also offers the ability to integrate with other technological tools, the possibility of centralizing the data in a single place and adaptation to current regulatory policies and procedures.