Dula-Werke Dustmann & Co GmbH

The Dula Group consolidated financial statement was previously produced in Microsoft Excel. To achieve greater clarity, we decided to deploy purpose-built consolidation software. After having had presentations from two vendors, we chose Corporate Planner Cons.

Hans Dustmann

Head of Finance

Area of Application
  • Consolidation

Challenges:

The Dula Group consolidated financial statement was previously produced in Microsoft Excel. To achieve greater clarity, we decided to deploy purpose-built consolidation software. After having had presentations from two vendors, we chose Corporate Planner Cons.

Benefits from using the software:

  • greater clarity
  • lower error rates
  • improved collaboration with auditors and tax inspectors
  • documents can be assigned and attached to consolidation adjustment postings
  • time saved in preparing the consolidated financial statement

Processes / Structures

  • clear display of the individual financial statements
  • display of all consolidation adjustments with documents attached
  • display of the resulting financial statements adjusted to group accounting policy

Implementation

Such complex programs are invariably rather tricky to implement. With Mr Geskes’ excellent support in the configuration and then on an ongoing basis, the issues that we had were soon sorted out. However, as far as I’m concerned, the online help doesn’t always work as well as it might.