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PlanPulse combines added value, personal growth and fun .​

Customer Case:
Louwman Group

Introduction: Financial Consolidation with Board GCR
Louwman Group, a leading player in the automotive, mobility, and healthcare industries, faced increasing complexity in its financial consolidation and reporting processes. With multiple subsidiaries operating in different sectors, the need for a streamlined and automated financial consolidation system became imperative. To address these challenges, Louwman partnered with PlanPulse and implemented Board Global Consolidation & Reporting (GCR). With Board, Louwman was able to enhance efficiency, accuracy, and transparency in its financial operations.

     
Challenges
Louwman encountered several financial and operational challenges in their existing financial consolidation and reporting processes:
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Ronald, Financial Controller at Louwman

  • Financial Consolidation & Reporting
  • Integrated platform
  • Automation of error-prone manual processes
  • Self Service Reporting
  • Knowledge Sharing
Financial Consolidation with Board GCR

Solution: Board GCR

PlanPulse implemented Board GCR, providing Louwman with a comprehensive and automated financial consolidation platform. Key aspects of the solution include:

✅ Fast and Easy Consolidation: The system facilitates a significantly faster consolidation process, allowing Louwman to generate timely reports with one click of a button.

✅ Enhanced Consolidation and Auditability: The solution provides detailed movement schedules and disclosure reports, improving transparency and governance.

✅ Self-Service Reporting and Analytics: Business users gained the ability to create customized financial reports and dashboards without IT dependency, increasing agility in decision-making.

Partnership with PlanPulse and Board

The collaboration between PlanPulse and Louwman was crucial in the successful implementation of Board GCR. PlanPulse’s expertise in financial consolidation, coupled with the robust capabilities of Board GCR, allowed Louwman to overcome its challenges efficiently.  By working closely together, Louwman and PlanPulse ensured a smooth transition to the new system, providing training and support to maximize the platform’s potential.

Ronald (Louwman): Together with the PlanPulse team, we worked on a flawless implementation of the Board consolidation module

Results

The collaboration between Louwman and PlanPulse delivered significant improvements in the financial consolidation process:

Reduction in Processing Time: Automated workflows eliminate redundant tasks, leading to faster consolidation cycles.

✅ Improved Data Accuracy: Built-in validation rules in GCR ensure higher data accuracy, E.G.: Intercompany checks.

✅ Improved Workflow: Built-in workflows and to-do lists for the end user ensure that the group team has better insight into the progress of the process.

✅ Regulatory Compliance Assurance: Board GCR’s audit trail and standardized processes ensure full compliance with regulatory standards.

✅ Scalability for Future Growth: The system provides a foundation for handling future expansions and acquisitions efficiently.

Conclusion
Through its partnership with PlanPulse and the implementation of Board GCR, Louwman Group successfully transformed its financial consolidation processes. By embracing automation and advanced consolidation features, Louwman now benefits from a faster, more accurate, and scalable financial consolidation and reporting system, positioning the company for continued growth and success in a rapidly evolving market.

Louwman Group

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