TEPEDE shows what live group consolidation looks like for a CEE mid-market business: a leader in visual communication operating 8 legal entities across 6 countries with 6 different ERP systems (Pohoda, KORWIN, Kulcs Soft, and proprietary databases). The consolidation layer runs in one currency — and extends beyond finance into daily operations.
Before the engagement, financial consolidation required 20 days and over 100 hours of manual effort each month, leaving management decisions dependent on data that was three weeks old. The finance team spent 90% of its time collecting data rather than analysing it. The standard options for a group this size — Excel consolidation or a once-a-year Big 4 exercise at €20K+ — were neither live nor actionable.
Onetribe built the consolidation layer across all 6 ERPs: chart of accounts mapping, currency normalisation, intercompany tagging and elimination, and validation gates, with automated daily extraction from every source system. Group P&L, balance sheet, and cash flow now update in one currency as each entity closes. The same layer extends beyond finance into daily operations — drill-down from group to country, channel, client, and SKU; unified inventory management across the central warehouse and 6 local warehouses; and ABC classification with real-time stock monitoring.
Results: consolidation time fell from 20 days to real-time; monthly consolidation effort dropped from 100 hours to 10; approximately €300–400k in cash was freed from inefficient inventory; the business continued growing across all operating countries while the broader market declined; and a problem identified in Croatia on a Monday was resolved by Wednesday — because the operational view updates as fast as the financial one.
Context
- Leader in visual communication across Central and Eastern Europe
- Complex operations spanning 6 countries with 8 entities
- 6 different ERP systems in use (Pohoda, KORWIN, Kulcs Soft, proprietary databases)
- Financial consolidation required 20 days and over 100 hours monthly
- Contacted based on references for multi-country consolidation expertise
- Implementation duration of 3-4 months
Challenge
- Financial consolidation across 8 entities, 6 countries, and 6 different ERP systems consuming 20 days and 100+ hours monthly
- Growing group size increasing need for faster visibility and more efficient consolidation
- Fragmented data across disparate systems preventing unified view
- Significant time lag (3 weeks) between operational activity and consolidated reporting
- Financial team spending 90% of time on data collection rather than analysis
- Need for balance between maintaining existing systems and gaining integrated visibility
What Was Implemented
- Integration of all 6 ERP systems with automated data extraction multiple times daily
- Standardization of financial data into unified chart of accounts across entities
- Automation of multi-currency and multi-level consolidation reporting
- Unification of sales data from all 8 entities into single data structure
- Standardization of product categories and customer hierarchies across countries
- Automated daily dashboards with drill-down capability (Group - Country - Channel - Client - SKU)
- Active redirection of sales intelligence toward profitability drivers with analysis by product, customer, and country
- Additional pricing strategy review with active advisory for price adjustments
- Real-time margin monitoring for sustainable growth
- Integration of central warehouse with 6 local warehouses
- Standardization of product master data with automated ABC classification
- Real-time monitoring with alerts for order needs and allocation recommendations
- Active turnover monitoring at individual item level
- Proactive tracking and recommendations for replenishment and stock clearance cycles
- Phased implementation: Discovery, Build, Pilot in Slovakia, Scale to remaining countries
Outcomes
- Reporting process transformed from 20 days to real-time daily view
- Monthly consolidation effort reduced from 100 hours to 10 hours
- Time lag reduced from 3-week delay to daily updates
- Financial team shift from 90% data collection to 90% analysis focus
- Decisions based on current data rather than month-old Excel consolidations
- Continuous profitability growth despite market decline with growth in all operating countries while industry and local markets declined
- Improved inventory turnover and warehouse efficiency
- Approximately 300-400k EUR in cash freed from inefficient inventory
- Problem identified in Croatia on Monday morning and resolved by Wednesday
- Infrastructure scales seamlessly where adding new countries or entities does not require system rebuild
- Achievement without replacing existing systems, enterprise budgets, or year-long projects