Case Study: Neoen optimizes consolidation and budget reporting with Longview Viareport

Neoen extends budget reporting for 200 companies with Longview in under 3 months

Neoen, a rapidly growing company in the mining and energy sector, faced challenges in managing its statutory consolidation and budget reporting due to international expansion. With the number of consolidated companies growing from 50 to 200, their reliance on Excel led to difficulties in managing multiple currencies, restatements, and audit trails. Neoen sought a solution from vendor Longview to optimize its processes and reduce period-closing lead times.

Longview implemented its Viareport Consolidation solution to automate restatements, manage currency differences, and generate cash flow statements. The solution provided a user-friendly platform that involved local controllers in the reporting cycle and stored historical data. Following the successful statutory consolidation, Longview extended the scope to budget reporting, automating the comparison of budget and actual figures. This fixed-price project was delivered in under three months with no cost overruns, perfectly satisfying Neoen's requirements.

Neoen