Statutory consolidation requires a reliable, documented and repeatable process. For E-novate, the objective is to structure the production of consolidated financial statements under French GAAP using Amelkis, while reducing manual processing and strengthening controls.
Context
The project involves collecting, checking and adjusting data from several entities under French consolidation rules. The finance team needs to secure each stage of the close and maintain a clear audit trail.
Project challenges
- Structure consolidation master data suited to French GAAP.
- Improve the reliability of trial balance and supplementary data collection.
- Automate consistency checks and recurring processing.
- Organise consolidation entries and their supporting documentation.
- Produce consolidated financial statements and related analyses.
The approach
Calisto Consulting supports E-novate in designing and implementing the statutory consolidation process in Amelkis. The project starts with an analysis of the consolidation scope, methods, charts of accounts and reporting requirements.
Configuration then covers master data, currency translation and aggregation rules, intragroup transactions, consolidation entries and closing controls. Required data is formalised to facilitate entity contributions and limit late corrections.
Main stages
- Define the consolidation scope and principles.
- Define the group chart of accounts and mappings.
- Configure entities, methods and master data.
- Organise reporting packages and collection controls.
- Implement consolidation processing.
- Perform financial statement acceptance testing and support the close.
A better controlled close
The solution centralises data, tracks adjustments and monitors work progress. Built-in controls help identify anomalies and secure the production of consolidated financial statements under French accounting standards.
Calisto Consulting’s role
Calisto combines business and application expertise: French GAAP consolidation principles, process design, Amelkis configuration, acceptance testing and team support. The aim is to deliver a sustainable, sufficiently documented framework that the finance team can operate.