SIGMA Consolidation

The aim of Sigma is to offer a ready to use software, fully parameterized in line with the rigorous needs of the legal consolidation and providing a flexible tool for financial reporting.
Sigma is based upon clear guidelines:
  • Fundamentals built on the concept of the direct consolidation, using accounting standards
  • Extended controls to guarantee the quality of the data, at input level and reporting
  • Expert functions in consolidation, for more efficiency
  • Legal compliance (Belgian Gaap, Lux Gaap, US Gaap and IAS/IFRS)
  • Editing of extended reports for the management and the auditors
  • Easy import-export interfaces with external tools (First, Accon, accounting systems, management reporting systems, BPM systems, …)
  • Development with Microsoft tools, which guarantees full compatibility and automatic connections with Word and Excel and avoids a complex and expensive installation process.

Methodology put into practice

Sigma rests accurately on the accounting principles of the direct consolidation as exposed in the public seminars of Allen White and in his books “La Consolidation Directe” (Allen White – De Boeck).

Basically, the consolidation accounting implies the compliance with the following rules :

The consolidation adjustments are carried out by means of balanced debit/credit entries;
Each adjustment impacts the accounts of only one company;
The eliminations adjustments generated by Sigma are also complete and consistent entries per company;
Link accounts are used when eliminating amounts between two companies.


The application of this method guarantees :
  • A full audit trail and transparency of the consolidation
  • An accurate and detailed information about the events of the past
  • An essential help for the justification of the evolution of the equity and the automatic production of the cash flow statement

Organization

Sigma software includes two modules :
  • Sigma, for the statutory consolidation
  • Sigma Bundle, decentralized consolidation bundle

With means of built-in interfaces, it is very easy to automatically transfer data from your accounting system to Sigma or to export the statutory or consolidated data to Excel, Accon or other systems, allowing easy reconciliation with management reporting figures.

The generation of Excel, Word or Pdf reports for E-mail purposes is automatic.

  

Sigma FinRep module
You wish to elaborate your personalized IFRS reporting set, including complex disclosures ?
You need to produce monthly key figures to your investors according to a specific template ?
You don't want to pay out days and weeks of consultancy ?
Sigma FinRep is a powerful and ready to use toolkit that provides an Excel library of preprogrammed macros to retrieve information dynamically from the Sigma database.
The macros can be called at the Excel cell level.
 

Key figures generated automatically by Sigma Add-in.

Sigma Analytic module
  • Allows the definition of an unlimited number of analytical dimensions
  • Allows an interfacing of analytical data and the split of manual consolidation ajustments
  • Builds dynamic drill-down and pivot tables from the Sigma reports
  • The analytical data is processed, consolidated and accessible through the whole consolidation process including Sigma FinRep

 

Our strong points
  • User friendliness and ease of use : these features are essential as a consolidation tool is mainly used at certain periods of the year;
  • The most complete tool in terms of functionalities, which, at the same time, remains simple for a non experienced user;
  • Your best guarantee : our customers use Sigma internally to carry out their consolidations or the consolidations of their customers within their consolidation services ; in this business, we are faced with very short delays, strict schedules and diversified organization types. Therefore, we need to rely on a flexible and efficient tool.
  • Well known methodology : consolidators and auditors who have followed our training sessions are familiar with the methodology we have developed; the audit time can be reduced thanks to the accurate and comprehensive information available.

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