COMPO EXPERT

Challenge

The sub-group COMPO EXPERT was acquired in 2015 by XIO Group (a global alternative investments firm). The aim was to make the sub-group independent of the system structures of the original COMPO group as early as the 2016 financial year. This also included continuing to rely on Nomentia for reporting purposes, a system which the COMPO group has been using successfully for financial status and cash flow forecasting since 2011. 

Solution

The carving out of a sub-group poses a particular challenge for a treasury department. Timely access to an established and reliable reporting system is particularly important here. The carving out of Nomenita, however, was possible with minimum time and cost inputs within a period of one month. Nomentia Reporting was isolated from the original system and set up as a stand-alone web-based application. The users, positions and structures which still belonged to the former group were de-integrated in a process involving two-way consultation, while the data relevant to the new group were integrated. As a result, COMPO EXPERT can rely on a tried-and-tested reporting solution. It not only contains all their historical data but is also familiar to their international subsidiaries ensuring no operative disruption due to the carve-out. 

“We achieved the desired independence faster and easier than we expected. Nomentia is ideal for reporting and it is great to start with the data, reports and interfaces we and our subsidiaries already know.”

ANNE BÖRGER, Treasury Expert, COMPO EXPERT

Output

• Carving out of a sub-group within one month
• Group-wide overview of financial status and cash flow forecasting
• Hosted by Nomentia