At a glance
Averis, a leading global shared services provider in the technology and enterprise services sector, partnered with High Insight to consolidate multiple disparate reporting systems into a single SEM Business Consolidations (BCS) environment.
The project unified statutory reporting, management reporting, intercompany reconciliation, and investment accounting into a single architecture supporting multiple ledgers, currencies, and reporting versions. By transitioning to a standardized consolidation environment, Averis improved process efficiency by 75%, reduced ongoing operating costs by 40%, and eliminated system redundancies within seven months.
The challenge
As a shared services organization managing complex finance operations across various business entities, Averis required a unified, high-performing consolidation environment.
Prior to the transformation, the organization relied on multiple fragmented consolidation systems. This legacy setup created administrative complexity, duplicated effort across finance teams, and led to reporting discrepancies between different systems. Maintaining multiple platforms drove up IT and operating costs, while the absence of a single source of truth limited visibility and slowed management reporting cycles.
The key objectives were to:
- Consolidate multiple legacy consolidation tools into a single, unified SEM BCS platform
- Standardize financial reporting processes across all supported business entities
- Eliminate duplicate data entry and reduce ongoing platform maintenance costs
- Support multi-ledger, multi-currency, and multi-version consolidation workflows
- Automate intercompany reconciliations and investment accounting processes
- Establish a scalable framework to support future business onboarding with minimal overhead
The High Insight Approach
High Insight brought its specialized domain expertise in SAP Planning, Reporting, and Consolidation to execute the system consolidation into SEM BCS.
The implementation focused on decommissioning redundant systems and establishing a unified data structure. High Insight worked closely with Averis' finance and IT teams to harmonize chart-of-accounts mappings, configure multi-ledger consolidation logic, implement automated intercompany eliminations, and standardize management reporting templates.
The transformation was completed in seven months, ensuring seamless migration of historical records and continuous shared services delivery.
The Solution
The solution delivered a comprehensive, integrated suite of consolidated finance capabilities, including:
- Unified Enterprise Consolidation Architecture
- Multi-Ledger and Multi-Version Consolidation
- Multi-Currency Translation and Revaluation
- Automated Intercompany Matching & Elimination Procedures
- Investment Accounting & Consolidation of Investments
- Centralized Management and Statutory Reporting
- Standardized Governance and Data Controls
Business Impact
40% Lower Operating Costs
Decommissioning multiple fragmented consolidation tools significantly reduced software licensing, infrastructure, and administrative expenses.
75% Improvement in Process Efficiency
Standardized consolidation workflows and automated data aggregation eliminated duplicate tasks across shared service teams.
Single Source of Truth
Established a unified data repository, ensuring consistency, reliability, and high confidence across all statutory and management reports.
Automated Intercompany Handling
Streamlined complex intercompany reconciliations, accelerating closing cycles across supported business units.
Scalable Service Model
Created an extensible operating framework enabling Averis to onboard new clients and entities without increasing process complexity.
Client perspective
“Moving from multiple reporting systems to a single environment has improved both operational efficiency and confidence in the information available to our teams.”
