lunes, 14 de septiembre de 2015

Nuevos casos de estudio Consolidación: COGENT Comunicattions


Estamos satisfechos  de que ya más de 500 clientes confían en nuestros productos y servicios para mejorar sus procesos financieros.

¿Quieres saber cómo ayudamos a grupos internacionales a mejorar su proceso de consolidación y presentación de informes?

Echa un vistazo a nuestros últimos casos de éxito con Mona Group Reporting, solución web completa de  consolidación y de informes que proporciona la trazabilidad completa de los datos y potentes funcionalidades de informes internos y externos.

Cogent Communications

Cogent es uno de los operadores de Internet más grandes del mundo, ofreciendo servicios de Internet, Ethernet y Colocación de alta calidad, a más de 48.900 clientes Empresariales y NetCentric, en 190 ciudades y 42 países, a través de su red IP óptica de próxima generación.

Key information

·         Business sector : multinational Internet Service Provider ; one of the top 5 networks in the world (carries ca. 18% of the world’s Internet traffic)
·         Group founded in 1999
·         Corporate Headquarters : Washington
·         European Headquarters : Luxembourg
·         47 companies in 40 countries
·         Monthly hard close
·         Consolidation in US GAAP
·         More information at http://www.cogentco.com/es/ 

Current situation

Cogent Europe is part of a US group. They acquired Mona Group Reporting a few years ago for the monthly consolidated reporting of the European subgroup.
On the occasion of the Users’ Day 2014 in Luxembourg, they explained how Cogent leveraged Mona Group Reporting across the group to provide relevant information and documentation to several stakeholders (management, analysts, tax authorities, auditors) efficiently and perform a monthly hard close.

The Solution

Once confined to the consolidation of the European sub-group, the usage of Mona Group Reporting has been spread across the group to provide a variety of reports in several currencies:
·         Worldwide consolidated financials in USD
·         Europe consolidated package in EUR
·         American consolidation in USD, Canadian financials in CAD …
·         A regional consolidated view in USD
·         A roll forward revenue (revenue by type of client, type of sale, type of product)
·         A rolling budget
The data is automatically imported into Mona Group Reporting from accounting systems and databases. It includes both financial data and non-financial data and is used to create monthly closing binders and management binders, local and worldwide consolidated reporting.  A “flash report” consisting in a revenue analysis by product type and by entity is delivered at D+11.
This is made possible through the use of a set of functions and processes available in Mona Group Reporting:
·         The linked categories: they allow the creation of different environments that share the same input data. This functionality is very useful when it comes to create different consolidation scopes (i.e sub-consolidations) or consolidations in different currencies. For instance: the Canadian flash revenue is produced in CAD, the European flash revenue is in EUR, while the consolidated flash revenue is in USD with only one import into Mona Group Reporting.
·         The “point of views” makes it possible to have a segmented view of consolidated data in the group currency. In the case of Cogent, the Point of view is used for a regional consolidated view.
·         The “dimensions” are used for detailed activities reporting, revenue and customer analysis.

The Result

This highly automated process starts with a single data entry point and offers multiple output possibilities, based on different consolidation scopes and currencies.
The system also offers endless analysis capability: per points of view, per category, dimensions …
The process provides the group CFO with comprehensive and easy-to-navigate data to monitor performance. He has the possibility to drill down into the data.
The system produces a set of various reports, in a timely manner (monthly hard close at D+15!). 

About Cogent Communications

Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP, consistently ranked as one of the top five Internet backbone networks in the world. Cogent specializes in providing businesses with high speed Internet access, Ethernet transport and colocation services. Cogent’s facilities-based, all-optical IP network provides services in 190 markets globally.
Since its inception, Cogent has unleashed the benefits of IP technology, building one of the largest and highest capacity IP networks in the world. This network enables Cogent to offer large bandwidth connections at highly competitive prices. Cogent also offers superior customer support by virtue of its end-to-end control of service delivery and network monitoring.
For more information, visit www.cogentco.com. http://www.cogentco.com/es/ 

¿Quiere más información?  ¿Quiere conocer otros casos de éxito de su sector?

Póngase en contacto con nosotros vía email en mikelarriaga@atarrabi.biz o en el número 34902105775 y vamos a analizar juntos cómo podemos alcanzar sus metas.

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