Monthly consolidation? Yes, it’s possible!

How Vivaldis Interim sped up financial reporting

Vivaldis Interim is a niche player in the temporary employment market. After acquiring a German group of temporary agencies, the company grew fast and its finance systems were stretched thin. Multiple accounting packages, legacy systems, and varying formats made consolidation slow and messy.

To fix this, Vivaldis teamed up with VGD CFO Services. They chose BrightAnalytics to unify, automate, and speed up their financial and operational reporting.

“We needed reliable and uniform reports. Our systems couldn’t keep up. That’s why we switched to something automated.”
— Walter Deprins, Group CFO at Vivaldis

What changed

• Consolidation moved monthly: Previously, Vivaldis outsourced their financial consolidation once a year because it was so laborious. Now, with automation and better tools, they consolidate every month.

• Faster intercompany eliminations: Those steps used to be the biggest time sink. By automating them, Vivaldis shortened reporting times.

• More ownership in finance: Instead of depending on an external organization, Vivaldis now controls their consolidation process. This gives them speed and flexibility.

Why this matters

• Better strategic decisions: With monthly data, Vivaldis can see trends early and respond faster—for example, with investments or shifts in operations.

• Improved cash forecasting: Especially in interim/temp work, market trends show up fast—positive or negative. Having accurate cash flow views helps Vivaldis stay ahead.

• Continuous improvement: The work didn’t stop after implementation. Vivaldis and VGD kept refining processes—asking what data stakeholders need and how to deliver it efficiently.

Key takeaway

If your organization uses multiple systems, delays reporting, or lacks consistent data, monthly consolidation isn’t just a dream—it’s possible. With automation, good partner support, and the right tools, you can shift from annual to monthly reporting, gain control, and make faster, more informed decisions.

Source: VGD, https://blogbe.vgd.eu/nl/optimaal-beheer/cfo-services/case/snelle-efficiente-financiele-rapportering-bij-vivaldis-interim, October 22, 2019