Bekaert live with BFC and ICS 7.

5 (BE)
REDCOP project (REdesign COnsolidation Process)
Challenges et Opportunities

Integration of main transactional systems with financial reporting and consolidation tool
Increased level of detail of consolidated data
Productivity increase due to less time spent during reporting and consolidation process
Automatic intercompany reconciliation tool, up to document level where required
Integration of legal consolidation

Why BFC ?

Matrix consolidation: some legal entities are active in more than one segment
New dimensions, introduction transaction currency data
Access by end-users providing entity data via Web interface
All data gathered in one solution, including disclosure requirements such as deferred taxes,
employee benefit disclosures
Consolidation postings automated for nearly 100%, including data for dimensional analysis.

Customer Value and Benefits

Results published 3 weeks earlier

Higher level of accuracy and transparency.
New way of auditing by external auditor (read-only access to whole solution).
Highly increased flexibility for ad hoc analysis.
Increased efficiency in consolidation process: > 30%.
95% of records in consolidation database are processed automatically.

, web interface

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Bekaert is a global market leader in drawn

steel wire products and applications and a
technological leader in its two core
competences: advanced metal
transformation and advanced materials and
coatings. Serving customers in 120
countries, Bekaert pursues sustainable
profitable growth in all its activities and
generates annual combined sales of 4
billion. You might know Bekaert for example
as a supplier of steel cord products for tire
reinforcement - one in every four tires in the
world runs on Bekaert steel cord.
Next steps
Thanks to the success of the
implementation of legal consolidation,
Bekaert decided to go for the next step in
2011: the implementation of the
management & budget reporting and
consolidation in BFC. The data provided by
BFC will be loaded to BW via Extended
Analytics and the output reports will be
created in WEB Intelligence module.