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IFP used for Regional Analysis & Consolidation

March 25, 2009

The Singapore regional headquarters of a major global pharmaceuticals corporation uses SAP as its general accounting system. However, they needed a tool to provide convenient analysis of data across the many Representative Offices and Branches in the Far East which form part of the legal entity.

Their IFP solution includes the following:

  • IFP databases organised by company, country, cost/profit centre, account and product
  • Simple import of monthly actual P&L and balance sheet data from SAP
  • Simple tools to identify and correct inconsistent entries in SAP before closing actuals for each month 
  • Simple methods for importing daily/monthly actual sales data  
  • Powerful tools for comparing and consolidating both P&L and balance sheet data from multiple companies/countries
  • Many reports for analysing variances between actual and forecast data