Ependion is a global technology group offering digital solutions for secure control, visualization, and data communication in high-reliability industrial applications, such as transportation and energy.
Formerly known as Beijer Electronics, Ependion has maintained an active acquisition agenda over the years. Since starting their journey with AARO in 2012, they have come to fully rely on AARO and its many automated features. The local presence and the extensive knowledge of their AARO consultant, particularly regarding their acquisition register, have made their ongoing journey seamless.
Donya Gholamifar, Group Finance Director at Ependion since 2021, highlights that the regular monthly closing process at Ependion is both efficient and smooth.
She greatly appreciates AARO as a user-friendly system that prioritizes resolving user issues and meeting expectations, making their month-to-month administration fast and hassle-free.
She also highlights the automatic reconciliation rules, which ensure data accuracy before in-depth analysis and eliminate the risk of human error.
“AARO works well every time. It’s user-friendly and fast, making reporting easy and efficient. The flexibility of its reports, along with features like automatic reconciliation rules, has significantly improved our accuracy and reduced the manual workload.”
Donya Gholamifar, Group Finance Director, Ependion AB
Ependion uses AARO for consolidation, cash flow analysis, and IFRS 16 compliance. By integrating all functionalities into a single system, they eliminate the inefficiencies of managing multiple tools and improve data accuracy.
Since Ependion started using AARO for cash flow calculations, the process has become significantly more efficient and accurate. They can begin analyzing sales figures, EBIT, and similar metrics, and communicate them to management even before the closing is fully complete.
“Once the reporting is in, we only need three to four hours to close the entire group in a regular monthly reporting, which I think is very efficient – thanks largely to all the features we get in AARO.”
Donya Gholamifar, Group Finance Director, Ependion AB
Ependion has achieved remarkable efficiency, completing the group’s financial closing in just 3-4 hours after data submission for a regular monthly reporting. The streamlined process and trust in AARO’s capabilities have solidified their long-term collaboration.
Challenge
- Need for a system to consolidate reporting and streamline processes globally, while managing an active acquisition agenda.
- Demand for accurate and efficient cash flow management and IFRS 16 compliance.
Solution
- AARO’s comprehensive system for consolidation, reporting, and analysis, featuring automated tools like reconciliation rules and cash flow calculations.
- Real-time dashboards providing quick insights into reporting progress and financial data analysis.
- Excel Retrieve Functions enabling faster and more efficient data validation and analysis.
- Tailored support, local consultancy expertise, and seamless system upgrades.
Outcome
- Faster, more accurate reporting with significant time savings.
- Enhanced financial analysis through intuitive dashboards and automation.
- Clear visibility into data movements using the expand function.
- A flexible, modern CPM solution that is user-friendly for both reporters and group consolidators.
