At a glance
Emirates Global Aluminium (EGA), one of the largest industrial and aluminum manufacturing organizations in the region, partnered with High Insight to modernize its enterprise financial consolidation processes using SAP Business Planning and Consolidation (SAP BPC).
The implementation established a centralized consolidation platform supporting multi-currency accounting, complex investment consolidation methods, and automated intercompany eliminations. By standardizing and automating statutory and management reporting across multiple operating entities, EGA reduced financial reporting timelines by 65%, increased automation levels to 90%, and achieved an overall reporting data accuracy of 99.9% over an eight-month engagement.
The challenge
Managing large-scale aluminum manufacturing and global supply chains requires robust governance, high data integrity, and consistent financial management practices across diverse legal entities.
Prior to the initiative, EGA managed extensive statutory and management reporting requirements involving multiple currencies and intricate investment accounting rules. Existing consolidation processes relied heavily on manual data preparation, multi-currency recalculations, and spreadsheet reconciliations. As operational complexity and reporting volumes expanded, these manual dependencies lengthened reporting cycles, created administrative overhead, and made maintaining enterprise-wide consistency increasingly challenging.
The key objectives were to:
- Centralize statutory and management consolidation across all operating entities into a unified platform
- Automate complex intercompany elimination and reconciliation procedures
- Support multi-currency consolidation and multi-method investment accounting
- Reduce manual intervention and significantly shorten period-end reporting cycles
- Strengthen governance controls and improve consolidated data accuracy
- Build a scalable consolidation framework capable of supporting long-term industrial growth
The High Insight Approach
High Insight brought its specialized domain expertise in SAP Planning, Reporting, and Consolidation to design and deploy a centralized consolidation solution powered by SAP BPC.
The implementation focused on replacing fragmented consolidation workflows with standardized, automated system rules. High Insight worked closely with EGA's finance and technology stakeholders to map entity hierarchies, configure multi-currency translation logic, automate investment accounting processes (including purchase and equity methods), and establish standardized management reports.
The transformation was executed over eight months, ensuring thorough data validation, robust testing, and smooth user transition across all business units.
The Solution
The solution delivered a comprehensive, integrated suite of consolidation and financial governance capabilities, including:
- Statutory Consolidation Automation
- Management Consolidation & Profit-Center Reporting
- Multi-Currency Consolidation & Revaluation
- Investment Accounting & Consolidation Rules
- Automated Intercompany Eliminations
- Centralized Financial Reporting Framework
- Standardized Process Governance & Audit Trails
Business Impact
65% Faster Reporting
Significantly shortened the time required to complete statutory and management reporting cycles.
99.9% Reporting Accuracy
Eliminated manual calculation discrepancies, establishing high-trust financial data across all consolidated statements.
90% Process Automation
Automated routine reconciliation, currency conversion, and intercompany elimination tasks, drastically cutting administrative effort.
Enhanced Governance & Control
Standardized consolidation rules and audit trails strengthened corporate compliance and process transparency.
Scalable Enterprise Architecture
Established an agile platform capable of incorporating future business expansions without increasing reporting complexity.
Client perspective
“The implementation has created a more structured and transparent consolidation process while significantly reducing the effort required from our finance teams.”
