200+ companies in one BI solution

200+ companies in one BI solution

From the original reporting for 8 companies, the solution for CZECHOSLOVAK GROUP grew to more than 220 companies from the Czech Republic, Slovakia and other European countries in a few years.

Case studyDownload PDF

Support for global holding management
It is possible to report for the entire group, subgroups, individual companies and even their centers.  

5 modules
13 source ERP systems
200+ companies in the solution
160+ solution users
Daily up-to-date data    

Resounding names
EXCALIBUR ARMY, TATRA DEFENCE VEHICLE, MSM GROUP, 
RETIA, TATRA TRUCKS, ELTON hodinářská (PRIM) 

Customer Introduction

CZECHOSLOVAK GROUP (CSG)

Is a global industrial and technology group that continues the tradition of Czechoslovak industry.

It supports the development of traditional Czech and Slovak companies engaged in defense and civilian industrial production and trade. It also includes companies in Italy, Spain, Great Britain and the USA.

Companies included in the CSG holding export their products and services to more than 70 countries.

OBJECT OF ACTIVITY

CSG's main sectors are defense and security, automotive, aerospace and railway industries.

COMPANY MOTTO

„Heart. Heritage. Horizon.“

DATE OF ESTABLISHMENT October 13, 2014
NUMBER OF EMPLOYEES 14 000 +
ANNUAL TURNOVER 2023 1,7 mld EUR

 

„GIST prepared a controlling solution for us that aggregates data for the entities in the group and helps us with the financial management of the group. It adapts to our needs and enables us to work efficiently with our companies' data.

GIST is a reliable partner for us with development capacity and a professional approach.“

200+ companies in one BI solution

Milan Novosád
controlling and reporting manager

Easy to connect, easy to disconnect  

Dozens of companies are added to the solution every year. Users can connect new companies themselves.

Data quality monitoring

The system validates source data itself and sends error notifications directly to data providers. It checks not only technical but also factual accuracy. 

From holding numbers to centers

It is possible to report for the entire group, subgroups, individual companies and their centers.

Don't waste time unifying the accounting charts

There is no need to unify the accounting charts in individual companies. Just map the accounts to the group accounting chart directly in the solution.

Track transactions in the group

It is easy to create reports analyzing business transactions within the group.

200+ companies in one BI solution
Postup realizace v čase
200+ companies in one BI solution

Main project goals for CZECHOSLOVAK GROUP

  • Obtaining current and available information about all companies in the group 
  • Simple integration (separation) of subsidiary companies into the controlling structure of CSG
  • Analysis of the profitability of orders and centers
    Consolidation support

Scope of solution

GIST Intelligence supports controlling activities in the areas of financial controlling and consolidation. The process of planning and evaluating the economic results of the CSG group, and the subsequent process of consolidating accounting data and creating aggregated reports.

The solution is prepared in such a way that by simply parameterizing it, it is possible to respond to changes in the holding structure and involve new companies or omit them.

The system enables not only the compilation of aggregated outputs from actual data, but also the compilation of financial plans of individual companies and the compilation of plan statements..

The primary users are employees of the company's Finance & Controlling department, who are solution administrators and report creators. Recipients of information are mainly members of the group's management.

In 2024, the existing solution was developed with the Purchase module, which will support the controlling evaluation of the purchasing process and suppliers across the CSG group. The primary user of the solution is CSG DEAL, an umbrella group purchasing company.

Individual companies in the group are allowed access to data in the system.

CSG company currently uses the following modules:

  • Financial controlling of the holding
  • Consolidation support
  • Internal reporting
  • Purchase

Benefits of the controlling solution

 Financial controlling of the holding

  • Analysis of the company's performance in the form of a management report 
  • Planning and forecasting support 
  • Analysis of the profitability of orders and centers
  • Back check of the completeness and correctness of the accounting of individual companies in the group

Treasury

  • Analysis of receivables and payables 
  • Analysis of payment morale in the group
  • Analysis of daily balances on analytical accounts

Consolidation

  • Database and information about companies and their relationships within the group 
  • Notification of erroneously posted group transactions
  • Confirmation of mutual transactions between companies 

Internal reporting

  • Analysis of the results of shared service centers
  • Reporting and approving shared service center times for companies in the group
  • Management fee calculation

Purchase

  • Collection of purchase data from companies in the group
  • Data analytics over all purchase data in the group
  • Evaluation of deviations between the order price and the receipt price and against the list price
  • Reporting in transaction currency, accounting currencies of companies and reporting currencies
2025
10years
2015
of cooperation

„The goal was to create consolidated financial controlling for the entire group
GIST Intelligence for CSG provides up-to-date and accurate information for the management of the entire group, its divisions and individual companies from global numbers to document detail.“ 

200+ companies in one BI solution

Filip Ježek
product director


200+ companies in one BI solution

Do you want to become data driven company as well as CZECHOSLOVAK GROUP?

 

Arrange a no-obligation consultation with us.

We will audit your controlling support for FREE. We will propose a solution.

+420 495 809 359
We will be happy to discuss the details with you, advise where to start. All you have to do is leave us a contact and we'll get back to you.
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