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Advisory for IFRS & consolidation

Our experienced team of more than 20 consultants offers extensive expertise in financial reporting, consolidation and compliance with reporting rules such as IFRS, BE GAAP and US GAAP. We target a diverse audience, including family groups, private equity-funded groups, companies considering an IPO, listed companies and subsidiaries of foreign groups. Whether this concerns accurate reporting for legal purposes or management, our team is ready to provide tailor-made solutions to meet your organisation's specific needs. 

  • Knowledge sharing
  • Flexible collaboration adapted to the maturity of the company's finance department
  • Combining knowledge with tools to achieve an efficient and sustainable process

Our experts’ tasks

Consolidation - activities:

  • Consolidation support with your tool or our tools 
  • Consolidation tools (IBM Cognos Controller and LucaNet) 
  • Consolidation tool implementation 
  • Consolidation outsourcing (full or partial) 
  • Cash flow automation 
  • Consolidated management reporting 

IFRS & US GAAP activities: 

  • Conversion to IFRS or US GAAP (GAP analysis and conversion) 
  • IFRS 3 purchase price accounting 
  • IAS 36 Impairment models
  • Fair value valuations (e.g. IFRS 2 from Black Scholes Merton option valuation models to complex Monte Carlo simulations) 
  • Support in your IPO journey 
  • IFRS reporting - preparation of periodic IFRS (consolidated) financial statements 
  • IFRS support for complex or non-recurring transactions, or new standards 
  • ESEF/iXBRL support 
  • Training 

Our tools

We believe the combination of knowledge and tools leads to more efficient consolidation and reporting.  This is why Finvision has entered into a number of partnerships with innovative software companies: 

  • IBM: business partner and ESA (embedded software agreement) to integrate their financial tools with other tools and our knowledge and approach.
  • Amana, a LucaNet company: reseller and implementation partner
  • LucaNet: a corporate performance management solution for finance inlcuding financial consolidation, planning, reporting and ESG

The tools we believe in and integrate into our approach are: 

  • IBM Cognos Controller - financial consolidation (simple to complex) 
  • IBM Planning Analytics - budgeting, modelling and reporting 
  • Amana Smartnotes - disclosure management solution to efficiently create financial and ESG reports 
  • Amana GlobalLeaseCenter (GLC) - IFRS 16 accounting solution 
  • Amana GlobalTaxCenter - IAS 12 tax accounting/alternative is our excel & sharepoint solution for this 
  • Amana XBRL Tagger - ESEF, iXBRLtagger (also for ESG)
  • LucaNet - a corporate performance management solution for finance 

These tools can be hosted on our Finvision Cloud Platform or installed on-site at your premises (or cloud-based). Our Finvision Cloud platform on Azure with ISAE 3402 certification provides our customers with a consolidation and reporting solution in an SAAS experience with our integrated applications. 

Your point of contact for IFRS & consolidation

My passions can be found within IFRS, consolidation, reporting, controlling, BI & analytics and AI.  Along with my various teams within IFRS & consolidation, Controlling & performance management and BI & analytics, we provide companies and clients with insights and support in all their challenges within these areas.  We believe customers can make their processes more efficient and effective and we can do likewise for our services by integrating tools & software. I am also very proud of our partnerships with IBM, Amana and LucaNet and our in-house developed Finvision Cloud Platform, which allow us to collaborate with customers and provide robust and innovative software solutions.  I am also still an active corporate auditor, the activity that has shaped me so far.  Finally, I am also a fan of AI and aim to be a forerunner within Finvision so that our organisation and services can begin to embrace, integrate and apply this new technology. 

Sam Verfaille - expert IFRS & Consolidatie

Want to know more about IFRS & Consolidation?

Contact Sam Verfaillie,
our expert in IFRS & Consolidation