Case Study: Neoen achieves faster closes and streamlined global consolidation with insightsoftware

Optimize its statutory consolidation and produce consolidated budget reporting

Neoen, a leading independent renewable energy producer, was consolidating IFRS financials and budgeting in Excel as it grew from roughly 50 to about 200 entities. Facing long period-close lead times, manual restatements, complex multi-currency conversion differences and a need for better audit trails, Neoen engaged insightsoftware to implement a cloud-based SAP Financial Consolidation (SAP FC) solution to automate restatements, decentralize reporting and store historical data.

insightsoftware deployed SAP FC on a fixed‑price, cloud basis and delivered a sub‑three‑month go‑live that extended from statutory consolidation to monthly budget reporting across ~200 companies. The solution created a single database accessible worldwide, automated many restatements and intercompany eliminations, improved conversion-difference handling, and decentralized input to local controllers—resulting in significant time savings on close and budget cycles, better data accuracy and an improved audit trail.

Neoen

Sebastien François

Head of Consolidation and Reporting