The CDG is a financial organisation founded as a public institution in 1959, with the goal of managing institutional savings’ resources. Established in Morocco, the CDG manages a range of business activities (Banking, Insurance, Real Estate, etc).

According to IFRS standards, disclosure of consolidated accounts became mandatory for financial periods ending 31 December 2007. Until then, the CDG had been publishing its consolidated accounts in compliance with CRC99/02 standards. As a result of the new regulation, a rapid shift to IFRS was necessary.

In addition to the urgent need to conform to these regulatory standards, the CDG wanted to take the opportunity to undertake a global redesign of its financial reporting system, based on an integrated solution. As CDG was already using Oracle solutions (Oracle Applications and databases) across the business, Oracle HFM, consolidation and financial reporting solution, was the logical choice. The challenge was to implement this solution within a very short timeframe. The solution is based on a multi-faceted financial repository (banking, insurance, general repository, etc.) and has the capacity to consolidate and report information in accordance with IFRS standards in various formats.

The Business & Decision FCS proposal included requirements gathering, structural design development, integration of specifications, historical data recovery, new platform integration in the CDG technical environment, and training for project teams and end-users.

Mohamed Berbiche, Accounting Manager at the CDG comments, “Thanks to Oracle HFM, we are able to reduce the time taken to generate information and improve the quality of financial data delivered.” 

Tarik Derouiche, Group Consolidation Manager at the CDG, praises the project, “We are extremely satisfied with the Business & Decision team’s work. Thanks to its dual business and technical expertise, we have been able to reach our goal of implementation within 4 months.”

“This project further reinforces the Business & Decision Group's extensive portfolio of financial consolidation references. The Group’s strong expertise in this area led to the creation of a specialist agency for this activity a year ago. The agency’s success confirms the relevance of its positioning, as well as the quality of its services," states Patrick Bensabat, Business & Decision Chairman and Managing Director.

About Business & Decision

Business & Decision is an international Consulting and Systems Integration (CSI) company. It is a leader in Business Intelligence (BI) and Customer Relationship Management (CRM), and a major player in e-Business, Enterprise Information Management (EIM), Enterprise Solutions as well as Management Consulting. Business & Decision contributes to the success of customer projects by driving maximum business performance. The company has a reputation for functional and technological expertise and has forged partnerships with all of the key technology vendors.

Located in 19 countries, Business & Decision currently employs more than 2700 people worldwide.

Additional information is available at www.businessdecision.com.

PRESS CONTACT 

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delphine.boudaud@businessdecision.com