How Ependion Streamlined Group Reporting, Consolidation and Compliance
“AARO works well every time. It’s user-friendly and fast, making reporting easy and efficient. ”
“AARO works well every time. It’s user-friendly and fast, making reporting easy and efficient. ”
Ependion is a global technology group delivering digital solutions for secure control, visualisation and data communication in high-reliability industrial applications. The group serves industries such as transportation, energy and critical infrastructure, where accuracy and reliability are essential.
Formerly known as Beijer Electronics, Ependion has pursued an active acquisition strategy for many years, resulting in a complex group structure with high demands on consolidation, reporting and compliance.
Ependion needed a robust and scalable solution to support group reporting and consolidation across a growing number of entities, while maintaining high accuracy and efficiency in monthly close.
With frequent acquisitions, the finance team required strong control over group structures, ownership data and compliance requirements such as IFRS 16. At the same time, they needed to reduce manual work, eliminate reconciliation errors and gain earlier insight into financial performance during the close process.
The objective was to standardise and streamline consolidation, cash flow reporting and compliance in a single system that finance could rely on month after month, without adding complexity or slowing down reporting.
With AARO, Ependion completes a regular monthly group close in just three to four hours after reporting data is submitted. Automated reconciliation rules ensure data quality before consolidation, significantly reducing the risk of manual errors and rework.
Cash flow calculations are automated within AARO, allowing the finance team to analyse sales, EBIT and other key metrics and communicate preliminary results to management even before the close is fully completed.
Ependion uses AARO for group consolidation, cash flow analysis and IFRS 16 compliance in a single integrated platform. This eliminates the inefficiencies of managing multiple tools and improves transparency and consistency across group reporting.
AARO’s flexibility, combined with strong local consultancy support and deep knowledge of Ependion’s acquisition register, has enabled the group to adapt quickly to structural changes while maintaining control and accuracy.
The flexibility of AARO’s reports, along with features like automatic reconciliation rules, has significantly improved our accuracy and reduced the manual workload.
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