Use Case Grohe

Mapping of parallel accounting standards and automation of group consolidation

The Company

Grohe AG is a leading manufacturer of faucets and sanitary products.

The initial situation

After the takeover by an investor, the previously manual processes in Group Accounting had to be automated and integrated more closely. Core challenges consisted in the conversion from HGB consolidation to IFRS and later to J-GAAP. In addition, the consolidation of different group levels was carried out with push-down of the ppa entries for each level to the legal entity. This involved many different subgroups with decentralized data upload for different fiscal year logics.

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