Case Study: Domo Investment Group achieves automated, reliable consolidation of 58 entities with Prophix Software

Consolidating a Complex Structure for Domo Investment Group

Domo Investment Group is a Belgium-based, family-run holding active in chemicals, real estate and private equity with over 50 entities and operations in six currencies. Rapid growth created a complex consolidation challenge—twice-yearly consolidations, difficulty tracking entity histories, and the need to streamline processes, ensure reliable data and maintain a robust audit trail.

In 2011 Domo implemented Prophix with full user training and a dedicated reporting environment for its Alinso division. The platform enabled decentralized data entry by 15 controllers, automated routine tasks, provided logical checks and intercompany validations, and allowed a small HQ team to consolidate 58 entities—producing dependable consolidated annual accounts without third‑party involvement, reducing manual errors and saving significant time.

Domo Investment Group

Kevin Vanooteghem

Consolidator