itelligence have given us a powerful solution that enables us to standardise our consolidation process. It also has simple, but effective, inbuilt query capabilities allowing the business to create our own reporting and analysis.
Tim Thimaya, Group Financial Controller, Addison Lee Group
Employees: 1500 employees
Kihívások és előnyök
- Manual processes to manipulate data
- Over-reliance on excel for analysis with difficulties sharing reporting across the business
- Challenges around accuracy, completeness and consistency of data
- A need to empower colleagues by providing them with visualisation solutions
- Confidence in data being shared across the business
- Centralised and consistent platform across the group
- User friendly system that is easily extensible enabling Addison Lee to build own reports
- Standardised consolidation process
- SAP BPC 10.1
Improved Consolidation Reporting
Addison Lee Group’s ﬂeet of over 4,800 taxis and minicabs transports in excess of 10 million passengers each year in London alone. With ambitious growth plans, including expansion across the US, the organisation needed to enhance and transform their ﬁnance systems.
Addison Lee Group embarked on a project with itelligence to implement a modern Consolidation, Reporting, Planning and Budgeting tool to extend ﬁnance system capability to allow multiple legal entities, multi-currency translation and group consolidation.
The itelligence it.epm BPC starter kit was a key asset in the project as the approach offered reduced risk and faster implementation times for consolidation. it.epm includes accelerators that cater for many aspects of best practice derived from the experience of our consultants through the countless implementations they have been engaged in – especially in the areas of reports, logic and workﬂow.
Challenges around Data Consistency
Addison Lee Group faced a number of issues around reporting and data consistency. Tim Thimaya, Group Financial Controller, Addison Lee Group, explained, “Our existing consolidation process was performed via multiple spreadsheets that involved a number of manual processes to manipulate our data. This gave us a number of challenges around accuracy, completeness and consistency of data.”
As a result of these challenges itelligence was tasked with providing an improved, centralised and consistent platform across the group for their consolidation processes. The itelligence team worked very closely with Addison Lee Group in building a robust solution with SAP BPC 10.1 Microsoft. It was important that the new solution would provide a single version of the truth and deliver trustworthy and consistent data for accurate reporting.
A Robust Consolidation Solution
Addison Lee Group are already reaping the beneﬁts from their new solution. With a centralised and consistent platform across the group, month ends are now being completed using itelligence’s BPC consolidation process and they have built upon the solution with their own reports, showing that the system is user-friendly and easily extensible.
Tim Thimaya, Group Financial Controller, Addison Lee Group, added, “itelligence have given us a powerful solution that enables us to standardise our consolidation process. It also has simple, but effective, inbuilt query capabilities allowing the business to create our own reporting and analysis. Reporting has improved dramatically and we now have conﬁdence in the data we are sharing across the business. The project ran very smoothly thanks to the knowledge of the consultants at itelligence.”
The project was delivered on time and on budget and a strong working relationship between itelligence and the consolidation team at Addison Lee Group has been built. Further evidence of the strength of this partnership has been demonstrated through an AMS support agreement signed shortly after this project.
Based on the success of this project, a forecasting and budgeting solution was implemented by itelligence using the same SAP BPC 10.1 platform, which has been fully integrated with the Consolidation solution.