Case Study: Stiftung der Cellitinnen zur heiligen Maria reduces consolidation time and errors with Corporate Planning

Stiftung der Cellitinnen zur heiligen Maria - Customer Case Study

The Stiftung der Cellitinnen zur heiligen Maria, a large German social services and healthcare foundation, faced a significant challenge in its group accounting. The manual process of creating 35 consolidated financial statements annually in Excel had become unmanageable, particularly after the new requirement for quarterly reports. A second major pain point was the time-consuming task of breaking down consolidated P&L items for external users.

To address this, the foundation implemented the Corporate Planning software. The solution greatly reduced the time required to import data and produce the consolidated statements. It also enabled the swift and less error-prone breakdown of P&L line items by utilizing a reconfigured group chart of accounts. As a result, Corporate Planning delivered a significant reduction in both the time required for consolidation and the error rate.

Stiftung der Cellitinnen zur heiligen Maria

Martin Kurka

Group Accounting and Taxes