Insource its statutory consolidation

Two Businessmen Having Discussion In Office

Context

Until recently, Primonial Group had its consolidation performed by two external accounting firms, one for a consolidation in line with French accounting standards and the other one specializing in IFRS. Following the Group capital restructuring in March 2017, a decision was made to insource this expertise. Primonial’s dual objective was firstly, to stop depending on accounting firms and secondly, to rely on a trustworthy audit trail.

Benefits

  • Insourcing of expertise
  • Greater autonomy in the consolidation process
  • Simplified publication of consolidated financial statements
  • Reliable audit trail

29 Entities

including 9 overseas

The real strength of Conso & Report lies in the audit trail available. When we were deciding on which solution to use for our consolidation, it was especially important for us to have a reliable detailed audit trail. Conso & Report is easy to use and practical. Once historical data had been recovered, it was very easy to create analyses and reports, and to provide data to statutory auditors.

Stephane Leymarie
Primonial Head of Accounting

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