MFG PRO
Integration with the ERP system dedicated to manufacturing companies
Automotive
Complete financial and business controlling model
Consolidation
Unification of controlling processes in the Group
Management cockpits
Complete reporting package for the Management Board and Supervisory Board
Project details
- A controlling system unifying management reporting, budgeting and performance monitoring for all Group companies.
- Consolidation of management reporting, budgeting and performance monitoring across 20 subsidiaries operating in international markets.
- A budgeting model tailored to the needs of sales and production planning in a multi-company, market and manufacturing plant structure.
- Calculation of production costs, estimation of margins, and management of production and sales budgets in various locations and markets.
- Monthly reports for the Management Board and Supervisory Board automatically generated on the basis of data from the ERP systems, in accordance with IAS/IFRS.
- Management cockpits and profitability reports by division, product group, customer and geographic market available to 80 users in the Group.
Challenge
Integration of controlling, reporting and budgeting processes
The Wielton S.A. Group, which operates in international markets with numerous subsidiaries, needed a tool to integrate controlling, management reporting and budgeting processes. Faced with rapid growth and the acquisition of new companies, management had to contend with inconsistent reporting, time-consuming consolidation processes and difficulties in monitoring operational and financial performance at a Group-wide level.
Key challenges included:
- Lack of unification of controlling processes in a group structure.
- The need to integrate financial, operational and budgetary data from different ERP systems.
- Differences in local chart of accounts that complicated data consolidation processes.
- The need to automate profitability reporting to the Management Board and Supervisory Board.
- The complexity of managing budget data across multiple locations, markets and manufacturing plants.
Solution
FlexiEPM as a response to the needs of the Wielton Group
In 2015, FlexiEPM was implemented as an integrated controlling tool to support management reporting, budgeting and performance monitoring. The system is designed to be easily scalable and adaptable to the needs of a growing business.
Solution description:
- Centralisation of financial and operational data – FlexiEPM integrates data from ERP systems, taking into account IAS/IFRS-compliant reporting rules.
- Automated reporting processes – monthly reports are created automatically based on local statements of balances and turnover, eliminating manual steps.
- Advanced budgeting – the planning model enables precise calculations of production costs, estimation of margins and analysis of unused production capacity.
- Inter-group reconciliation module – automates the process of reconciling intercompany receivables and payables balances within the group.
- Comprehensive reporting – the system generates management cockpits and detailed profitability reports for different organisational levels.
FlexiEPM in the Wielton Group enables profitability reporting by division and product group, as well as by customer and geographical market. The system processes data from the financial, sales and production modules of the ERP system, taking into account reporting rules, adjustments and transformations in line with the company’s management information system.
The system consolidates and integrates production and sales budgets. Among other things, the solution provides the ability to report on planned and actual margins. The planning model covers all information comprising the production cost budget. The system includes form templates that allow the planning of costs by type for production departments, the calculation of hourly rates for direct labour and departmental and indirect costs, the determination of unit product manufacturing costs and the estimation of the cost of unused production capacity.
Benefits
Saving time and reducing operational errors
- Controlling unification in the Group: The implementation of FlexiEPM has enabled the consolidation of reporting and budgeting processes across the 20 companies in the Wielton Group.
- Automation and efficiency: Monthly reports to the Management Board and Supervisory Board are generated automatically, which has reduced time-consuming processes by 30%.
- Increased data transparency: The system enables detailed profitability reporting by division, product group, customer and geographical market.
- Better cost control: The advanced budgeting model allows precise planning of production costs and monitoring of planned and actual margins.
- Support for development strategies: The scalability of the system means that FlexiEPM effectively supports the Group’s growth in a dynamically changing business environment.
Since the implementation of FlexiEPM, over 80 users, including managers and finance and accounting staff, regularly use the tool, which has significantly improved the quality and speed of management decision-making. Integration with manufacturing-specific ERP systems, such as MFG PRO, enables accurate mapping of operational and financial processes, supporting the Wielton Group’s long-term strategic goals.
The FlexiEPM system is successfully used at Wielton S.A. and subsidiaries located in France, Italy, Germany, Great Britain, Russia, Belarus and Ukraine, among others. Controlling tools based on this solution are constantly being developed and adapted to the changing needs of a rapidly growing business.
