Adding New Companies
Seamlessly integrate new subsidiaries or entities into Vena, ensuring data accuracy and continuity across different systems and regions.
About Point in time reporting
Adding new legal entities often involves differing systems, currencies, and business processes. Our universal ETL approach ensures new entities and their transactions are automatically detected, integrated, and loaded into Vena, maintaining consistency.
Key FP&A Challenges
Integrating new companies is complex due to differing subsidiary data systems, varied reporting approaches, and potential challenges related to local currency conversion.
new subsidiaries use different systems
differences arise in local and reporting currencies
entities/members require manual hierarchy maintenance
hard-coded logic prevents dynamic entity addition
buying new companies complicates data integration
Our universal ETL is designed to accommodate dynamic changes, automatically creating new dimensions and integrating transactions seamlessly and efficiently.
Why DSCIM’s Approach Stands Out
Finalizing Your Vena Implementation Strategy
By working with DSCIM, you will:
- Gain a structured and well-documented implementation roadmap;
- Ensure a seamless transition from manual processes to automated Vena reporting;
- Optimize financial data structures and workflows for long-term efficiency.
Key Steps in Adding New Companies
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Define New Source
- Identify the new subsidiary’s data source.
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Review Logic Match
- Assess logic similarity to existing subsidiaries.
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Identify Differences
- Check currency or process differences.
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Adjust ETL Plan
- Outline necessary transformations (if required).
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Access & Tables
- Obtain read-only access to new systems.
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Map Transactions
- Ensure new transactions are tracked.
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Update Dimensions
- Verify new companies appear in Vena.
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Test Transactions
- Verify transactions load correctly.
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Check Roll-Ups
- Ensure new company roll-ups are correct.
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Confirm Currency
- Validate currency conversion logic.
Go-Live Confirmation
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Seamless Rollout
- New entity reporting begins immediately.
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User Verification
- Confirm users see new data.
Discovery Session
Have a question or need more information? Contact us!
Contacts
Markham, Ontario, L3R 6G2, Canada
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