Alfa Group

Alfa Group unified financial reporting for 40 entities across three countries

The group brought data from different accounting systems into one financial view and significantly reduced the time needed to answer critical financial questions.

40
entities in
1 financial view

Reports in
1 click

Voice of the customer

Use cases

Technologies used

Qlik Sense

Inphinity Forms

Inphinity Flow

Problem

Alfa Group operates across several countries, with individual entities using different accounting systems. The group needed to unify financial data and create a consistent view of reporting without having to introduce a single accounting system across the entire group.

Previous attempts to unify the accounting systems had been costly and unsuccessful. At the same time, the need for fast access to information for management, banks, advisors, audits and other stakeholders was growing. The goal was therefore to connect data from different sources and create a unified foundation for reporting, analysis, consolidation and financial management.

Solution

EMARK helped Alfa Group unify financial data from different accounting systems and create one consistent financial view across 40 entities in three countries. Management gained access to current and historical information and can quickly move from aggregated results to individual customer and supplier transactions.

The unified financial view also significantly reduced the time needed to answer critical questions and improved financial management across the group. Alfa Group can monitor intercompany relationships, KPIs and budget versus actuals and use this information for decision-making, audits, due diligence and communication with banks and other stakeholders.

Before

After

What we delivered

In the past, the response to requests for financial reports took hours, if not days. Now it is only a simple click away. The main advantage is the speed at which we can deliver the information. Response time to critical questions has dramatically reduced.