The power of performance

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Discovery Inc.

Cases

Management Reporting at Discovery Inc.

Satriun assisted Discovery Inc. in innovating management reporting at using the CXO cockpit, to deliver one version of the truth, integrated financial data and management commentary and new opportunities for analysis and an accurate historical record.

in August 2021 we spoke with Gunnar Wiedenfels, CFO of Discovery Inc., to ask him about his journey adopting digital management reporting solutions at the company.  What followed was a master class in seeing and seizing opportunity spaces and challenging the status quo with some astonishing results.

What’s amazing about Satriun is that I was 100% convinced that they’re delivering what they’re saying. They’re close enough to what’s actually happening, they know what they’re talking about, and they’re making a commitment. And I know that they’re not going to rest until it’s delivered, you know, in time and budget, and I had that experience so many times with Satriun’s executive team and… it’s amazing

Gunnar Windefels

CFO, Discovery Inc.

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Discovery is the global leader in real life entertainment, serving passionate fans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year across deeply loved content genres. Available in 220 countries and territories and 50 languages, Discovery is a platform innovator, reaching viewers on all screens and services, from linear, free-to-air and pay–TV channels to digital products and streaming services, to social and mobile-first content and formats. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, and Science Channel, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. Discovery Inc. generated revenues of $ 10.7 billion in 2020. Discovery Inc., Inc is headquartered in Silver Spring, USA, and is listed on the NYSE NASDAQ exchange.

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Majorel

Majorel

Cases

OneStream XF implementation at Majorel

Satriun helped Majorel leveraging the OneStream XF CPM technology and taking the finance function to the next level.

in August 2021 we spoke with we spoke with Lotfi Kabbaj, VP Finance Transformation at Majorel, about how he is leveraging tech and taking the finance function at Majorel to the next level. During our conversation, Lotfi revealed 3 inspiring gems that you can learn about by listening to the podcast.

One of the reasons we chose Satriun Inplenion* is their commitment. Consulting is about people and when consultants are committed, that secures your project – committed to respect the timeline, to deliver within the agreed budget and to not settle for standard, but go the extra mile. With Satriun Inplenion we found the right partner that made our OneStream implementation project a success!

Lotfi Kabbaj

VP Finance Transformation, Majorel

* Satriun and Inplenion have created a joint venture in France, in 2020, to join forces and become a local leader in the implementation of OneStream’s Corporate Performance Management solution.

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Listen to our Calling Corporates podcast! Every couple of weeks we upload new interviews.

I'm all ears!

Majorel designs, builds and delivers end-to-end CX for many of the world’s most respected digital-born and vertical leading brands. Majorel brings together Bertelsmann and Saham Group’s worldwide customer experience businesses into a new global leader with comprehensive east-to-west global footprint in 31 countries across five continents, with 63,000+ team members and 60 languages – that means that Majorel can deliver flexible solutions that leverage its unique expertise in cultural nuance – essential for true excellence in CX. Majorel is listed at the Amsterdam stock exchange Euronext (MAJ).

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Fugro

Fugro

Cases

Fugro

CCH Tagetik

Fugro, the world’s leading Geo-data specialist, implemented CCH Tagetik on HANA to replace its existing Oracle Hyperion Financial Management (HFM) solution for consolidation and group reporting.

Key challenges

  • IFRS-based financial consolidation and reporting for actual, budget and forecast data
  • Source data acquisition from over 300 legal entities using 5 master ETL routines
  • Interpretation and migration of HFM rules file to CCH Tagetik functionality
  • Excel-based consolidated cash flow statement migrated to CCH Tagetik
  • Complex DSO formula using the absorption method of calculation
  • HFM’s entity dimension not only featuring legal entities but also managerial units
  • Extensive management reporting decks in Excel and PowerPoint

 

Project highlights

  • Integrated data model for IFRS- and management reporting purposes
  • Income statement by region / division / business line / service line
  • Matrix consolidation with intercompany eliminations by entity and by region
  • Entity dimension featuring only legal entities for easier intercompany reporting
  • Monthly consolidation incl. automatic equity pick-up & equity consolidation incl. CTA
  • Classroom trainings delivered globally for a 200+ user base

 

Key benefits

  • Delegated intercompany matching using the CCH Tagetik IC matching cockpit
  • Phased submission using the CCH Tagetik process management cockpit
  • Cost allocations using the CCH Tagetik allocation engine to enable P&L by region
  • Fully automated equity pick-up and equity consolidation

With our HFM licenses expiring, we were looking for a solution to not just replace existing functionality, but to also enhance and automate our consolidation and reporting processes. It wasn’t always an easy ride, but in the end I am very positive and satisfied with Satriun and with CCH Tagetik on HANA, and believe it was the right choice of software and partner.

David-Alexandre Guez

Group Controller , Fugro

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ProSiebenSat.1 Group

ProSiebenSat.1 Group

Cases

ProSiebenSat.1

Satriun advised ProSiebenSat.1 during its migration from SAP EC-CS to SAP Financial Consolidation (BFC), and increased the focus on cash flow statement and budgeting & forecasting.

The ProSiebenSat.1 Group is one of the largest independent media corporations in Europe. Free TV financed by advertising is its core business. The ProSiebenSat.1 Group is the number 1 in the German TV advertising market with its stations SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX. In total, the Group reaches about 42 million TV households with its 15 TV stations in Germany, Austria and Switzerland. The ProSiebenSat.1 Group grows in its core business via new TV stations and its HD distribution business that will also develop dynamically in the years to come.

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Randstad

Randstad

Cases

Randstad

Randstad Group, the leading human resources provider in the world, implements successfully an integrated CCH Tagetik Corporate Performance Management solution in the cloud with the help of Satriun.

Randstad plays a pivotal role in the world of work. Randstad has expanded to 39 countries, representing more than 90 percent of the global HR services market. Following the acquisition of Vedior in May 2008, the Randstad company is now the second largest HR services provider in the world. The Randstad company has 28,030 corporate employees working from 4,587 branches, and employs over 567,700 people every day. Randstad generated revenues of € 16.6 billion in 2013. Randstad Holding NV is headquartered in Diemen, the Netherlands, and is listed on the NYSE Euronext Amsterdam exchange.

Corporate Performance Management

  • Monthly and weekly group data collection
  • Financial consolidation
  • Budgeting and rolling forecasting
  • Cash flow and organic growth reporting
  • Management and Investor Relations reporting
  • Annual and quarterly IFRS reporting

 

Key Facts

  • Randstad Group is the second largest HR Services provider in the world
  • Stock listed as RAND on the AEX of NYSE Euronext Amsterdam
  • € 17.1 billion annual revenues (2012)
  • Consolidation of 465 entities in 32 currencies
  • 450 Tagetik users
  • Headquartered in Diemen, The Netherlands

 

Key Requirements

  • Decentralized intercompany matching process
  • Automated equity consolidation by variation type
  • Integrated bottom-up calculated cash flow statement
  • Integrated organic growth calculations

 

Key Benefits

  • General ledger interfaces with drill-through option
  • More consistent and higher quality data
  • Reduced manual effort during the consolidation process
  • Valuable insight into the origin of cash flow
  • Automated organic growth calculations
  • “Low touch” cloud deployment on-time, on-budge

 

I am very proud that we have delivered the project within the timelines that we had set and within the budget. Tagetik will deliver added value to Randstad Group through its advanced functionality and cloud deployment.

Rob Fenne

Managing Director Group Accounting, Randstad Group

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