Improving the closing process

As part of an IPO, our customer was looking to improve the reliability and speed of its financial closing process. The main objective was to improve this process in order to achieve a D+2 closing, enabling faster and more accurate communication of results to investors. The aim of this initiative was to harmonize the practices of the Group's various subsidiaries, while meeting the increased regulatory requirements linked to listing. The context also called for the adaptation of tools and working methods to ensure better coordination between entities and optimum transparency of consolidated accounts.

The approach began with a detailed review of the closing processes in each subsidiary to identify bottlenecks and performance gaps. A global closing calendar was drawn up, specifying the key stages and responsibilities, thus facilitating the planning and monitoring of the tasks to be carried out. Particular attention was paid to the Shared Services Center (SSC) France, where recommendations were made to improve its organization and processes. In addition, accounting entries were automated. Finally, IFRS standards and internal procedures were updated to guarantee the conformity and quality of financial data.