Problem: Transition and compliance accounting principles IFRS 9
Solution: Programme plan focusses on implementation central head office approach and separate IFRS 9 local accounting rules for Business Units. Standardization and alignment accounting principles process efficiency and effectiveness finance and risk discipline. Data management in place with clear data definitions and data deliveries to ensure speed and accuracy.
Results: Readiness parallel runs 2020/2021 and IFRS 9 compliance per effective date within accounting reports and Group Finance and Business Units disclosures.
Problem: Transition central programme management office to decentral programme office in order to implement cost reductions
Solution: design programme plan and strategy, improve programme office processes and QQ, design governance financial reporting
Results: Implement programme management office to facilitate 35 projects valued executing budget EUR. 42 million
Problem: Management information for internal control and performance management
Solution: Determine KPI metrics, management accounting and financial reporting
Results: Governance financial management, integration data management infrastructure and enhanced decision making process