Group-wide introduction of financial accounting and controlling

Introduction and design of a group-wide accounting system

This common project has been set up owing to the merger of HDI and Gerling, the associated necessary integration of the accounting systems, and the need for technical modernization of the HDI accounting.

The objectives of the project were, in particular, the harmonization of the system platform, account objects, and processes, plus an increase of data quality and lead times as a condition for FastClose and IPO.

Key issues have been:

• Conception and implementation of group-wide standard accounting according to HGB and IFRS

• Development and implementation of a new uniform chart of accounts with the use of additional account assignments

• Implementation of FastClose

• Development of a central interface processor

• Connection of all approx. 70 relevant surrounding systems

• Migration from various legacy systems: data from financial accounting (balance & OPs), controlling, and accounting system