case study
Creation of a cross-company consolidation model to improve planning effectiveness
industry
Information Technology
Services
Investors
Scope
First-time consolidation of more than ten companies under a buy-and-build holding company
Challenge
Hyper-Growth Through Buy-and-Build—Financial Reporting Is Falling Behind.
The hyper-growth driven by the investor’s buy-and-build strategy led to inaccurate financial reporting. More than 10,000 annual intercompany transactions and merger-related entries (such as costs associated with the acquisition strategy) distorted the financial results and complicated financial planning, particularly in terms of liquidity management. There was a lack of internal resources and only limited in-house expertise to effectively address these challenges.
Solution
A fully integrated consolidation model for more than ten companies.
Establishment of a fully integrated consolidation model for all entities, including income statements, balance sheets, and cash flow statements for the past three years; More than 20,000 adjustments to the income statements and balance sheets based on individual journal entries to ensure accuracy and transparency; Preparation of short-term liquidity planning based on consolidated figures to enable effective cash flow management
Impact
Consolidation as the foundation for strategic management.
A fully integrated consolidation model for all subsidiaries improved planning efficiency and facilitated decision-making. The adjusted consolidated financial statements accelerated the implementation of LucaNet and simplified the Group’s financial reporting.
Amelie Ebner
Teamlead Controlling
"The support of torq.partners was of great importance to our Finance Operations. Their expertise has enabled us to overcome complex consolidation challenges, resulting in accurate, reliable financial reporting for all our entities.
Amelie Ebner
Teamlead Controlling
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Florian Blaschke
Managing Partner
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