Blue Power Partners cuts the financial consolidation time from days to hours
HIGH REPORTING EFFICIENCY
Blue Power Partners have cut their consolidation time from days to hours for their monthly reporting.
INSTANT ERP INTEGRATION
Blue Power Partners integrate Business Central with Konsolidator and synchronize their data effortlessly.
The Short story of Blue Power Partners
Blue Power Partners is a global consultancy and project development company with a dedicated focus on developing renewable energy. Blue Power Partners delivers services within Solar, Onshore Wind, Offshore Wind, Power-to-X, and Storage.
Founded: 2016
People: 300+
Company structure: Subsidiaries and Branches
Reporting challenges: Currencies, Compliance, & Complexity
Industry: Renewables & Environment, Consultancy
Blue Power Partners has gone from 0 to 300 employees in just 6 years and from a Danish company to a worldwide company with multiple currencies and a highly complex structure with both subsidiaries and branches. As a fast-growing company, it needed to transform its entire reporting process to ensure one entry, one output.
Starting with a free trial
Blue Power Partners began a free trial of Konsolidator to test its features and benefits. During the trial, they created group accounts, tried the system, and saw rapid improvements in crucial areas:
Reporting time
Blue Power Partners cut down financial consolidation time from days to hours, freeing up their team for essential tasks and enhancing process control.
Compliance and Audit Trails
Konsolidator offers a full view of past financial adjustments and consolidations, ensuring compliance with regulations, simplifying audits, and reducing errors.
Simplicity
“One input, one output” summarizes Blue Power Partners’ simplified consolidation process with Konsolidator. They enter data into a single template, and it generates a unified output, eliminating the need for handling multiple Excel sheets, trial balances, and currencies.
Integration with ERP System
Blue Power Partners uses Business Central, which integrates with Konsolidator. They sync their trial balances to Konsolidator and make data processing as simple as can be.
WHY BLUE POWER PARTNERS CHOOSE KONSOLIDATOR
In today’s fast-paced business environment, financial data management can be a challenging task, especially when dealing with:
- complex structures,
- multiple currencies, and
- various trial balances.
The company simply needed to enhance its group reporting process.
They chose Konsolidator to put an end to their Excel consolidation.
With offices and subsidiaries across the globe, from Germany and Australia to India and the USA, their financial landscape is intricate and diverse. Excel spreadsheets were no longer sufficient, and the risk of errors and inefficiencies was growing.