July 06, 2012 // By: Andreas Schaffry
The AEG Power Solutions Group is a global provider of power electronic systems and solutions for industrial energy supplies. The company offers a comprehensive product and service portfolio in the area of power conversion and power controlling, and employs around 1,650 people in more than 17 subsidiaries worldwide.
Headquartered in Zwanenburg (Netherlands), AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A., and follows a long-term corporate growth strategy. An important foundation for this strategy is up-to-date, precise, and meaningful information concerning the financial status of the Group and group-wide performance levels. This data is now managed via the SAP BusinessObjects Planning and Consolidation application, which was recently implemented as the central platform for the Group’s financial planning, budgeting and forecasting, consolidated analytics, and standardized group reporting.
“We now have a clear overview of all financial data and company performance, because the new IT solution enabled us to align our budget planning with the consolidation processes and group reporting,” explains Roger de Vries, Group Accounting Manager at AEG Power Solutions. In other words, the financial data recorded decentrally in the global subsidiaries flows immediately to central controlling, which then consolidates that data, manages it consistently, and prepares it for reporting purposes.