Finance

Transparent, streamlined organizational structures and optimal process performance.

Globalization, digitalization and market dynamics with ever shorter product life cycles are requiring companies to make increasingly short-term course corrections. New strategies and business models are required to cope with the challenges, but these often involve extensive changes that even include restructuring and digitalization of the entire organization. This not only affects customer-facing processes, but also central back-office areas such as controlling and accounting. Flexible, scalable, integrated systems and structures have to be implemented with an ideal cost/benefit balance in order to develop the control function of the functional areas and therefore the responsiveness of the organization as a whole. When it comes to large enterprises, this applies both at corporate level as well as in the individual business units.

With our unique market expertise pertaining to these requirements, we support you with proven methodical competence and experience. We streamline your processes, increase their performance, and tightly integrate the functional areas of accounting, controlling or risk management with company management and the IT applications. We thus achieve an agile financial organization that allows you to pursue new strategies based on consistent data and realistic profitability analysis, while maintaining the capacity to efficiently control day-to-day business.

  • Financial Accounting
  • Controlling
  • Bank establishment
    • Our services at a glance
    • Implementation Solutions
    • Innovative solutions for an integrated financial architecture with functional accounting

      Increasingly complex business models in global markets, regulatory demands and reduced response times are increasing the demands on accounting. Shareholders and the market as a whole require high-quality, quickly producible, transparent financial figures pertaining to the financial, earnings and asset situation. In light of these developments, we advise you in all matters of accounting and related areas in alignment with your objectives and needs. Current areas of focus include implementation of national accounting standards according to HGB or US GAAP and international standards according to IFRS as well as rapid adaptation to new regulations. Real-time data acquisition and processing from heterogeneous information systems and embedding this data in an adequate interpretation framework is currently one of the pressing issues.

      Our solutions for these and many other requirements are based on profound expert knowledge in the various disciplines, as well as many years of industry and implementation experience. Even when dealing with specific details, we keep sight of the whole system with all the interdependencies between accounting, yield management and risk management to optimize the organization and processes comprehensively through to implementing the appropriate software solution. Our primary goal consists of establishing an integrated financial architecture with a consistent data platform, which fully optimizes the accounting system's functionality.

    • We manage transformation processes through to full implementation. In the area of accounting, we draw on in-depth expertise and a wide range of applications from renowned partner companies as well as our own industry-specific developments. These include:

      • SAP S/4HANA
      • SAP BPC and FC for planning and consolidation
      • SAP Disclosure Management
      • SAP BI reporting solutions
      • Oracle Hyperion Financial Management (HFM)
      • Tagetik consolidation
      • Disclosure Management
    • Our services at a glance
    • Implementation Solutions
    • Integrated competency for control, planning and analysis

      Markets have never required innovations, new solutions and methods in such a short intervals as they do today. Digitalization is further increasing the pace and complexity. In light of this dynamic development, adequate assessment of strategic decisions with comprehensive transparency in terms of profitability and cost has become essential and controlling has become a key function. We help you guarantee this function with our in-depth controlling expertise and broad know-how. We provide you with consulting pertaining to specific issues or help you navigate through customized transformation projects through to implementation of cutting-edge software products. Our solutions are always based on a holistic approach and ensure an optimal exchange of information between all stakeholders through to top management. Instead of data silos and isolated solutions, we create a sustainable process architecture with a consistent method and data platform. We harmonize the internal control processes with the external result view of accounting and embed them in an integrated system together with corporate planning and cost control. In this way, controlling can meet the rapidly increasing need for information and achieve an efficient foundation for reporting, planning and profitability analysis. We advise you as a partner individually eye-to-eye based on best-practice solutions, which we use to develop tailor-made business concepts for your requirements.

      Our services at a glance:

      • Yield management
        We provide you support with profitability analysis and earnings allocation, integration of accounting in the business line view and in the calculation of product profitability. Using scenario development and analysis, we create effective foundations for assessing plans of action.
      • Planning and reporting
        We further develop planning models and streamline the planning process and reporting with comprehensive know-how. In doing so, we follow the most up-to-date "better budgeting" approaches and thus support sustainable, substantive, procedural, and system-side realignment of all your planning processes. We implement the International Business Communication Standards (IBCS® by Hichert+Faisst), to achieve the utmost relevance, focused content streamlining and best possible support for the processes of reporting using cutting-edge system solutions.
      • Cost management
        With regard to cost management, we work with you to develop optimized cost controlling and provide you support with detailed specialized concepts for performing costing and cost allocation. We also accompany you with pragmatic approaches to derive result data and implement sustainable solutions to realize cost-reduction potentials. 
    • We manage transformation processes through to full implementation. In the area of controlling, we draw on in-depth expertise and a wide range of applications from renowned partner companies as well as our own industry-specific developments. These include:

      • SAP CO (Controlling)
      • SAP BPC (Business Planning and Consolidation)
      • SAP BW (Business Warehouse)
      • SAP BI (Business intelligence / Reporting)
      • Oracle Hyperion Financial Planning
      • Tagetik planning
    • Our services at a glance
    • Independence and customer loyalty via bank and institute establishment

      Across multiple industries, many companies are seeking to design and secure their need for refinancing more independently in terms of the amount, completeness and timeliness. Acquiring a banking license is one way of achieving these goals. Depending on the existing or desired business model, establishing a bank provides can have clear advantages: profiling and product diversification without significantly changing the business model, new revenue potentials, more customer loyalty, refinancing with moderate terms and an increase in independence.

      The ifb group is one of the leading consultancies for bank and institute establishment in Germany. We create the business plans with consideration of all relevant regulatory aspects and accompany the application procedure as well as professional and technical implementation. Our skill set provides you with excellent expert knowledge, implementation expertise, proven solutions and extensive experience.

      Our services at a glance:

      • Economic and strategic analysis within the context of business plan development
         The business plan for bank establishment serves as the basis of approval procedure by BaFin and must serve the defined goals. We work with you to develop a business plan that includes the economic viability with consideration of risk and results, as well as all the regulatory issues for institute foundation.
      • Monitoring and controlling the application and implementation phase
        We are specialized in harmonizing regulatory requirements with economic viability. We accompany you throughout the application process and implement your new business model in a goal-oriented way both technically and organizationally.
      • Definition of the required qualitative and quantitative human resources
      • Implementation of a tailor-made structural and procedural organization with effective control mechanisms that adhere to regulatory requirements
      • Development of an adequate IT strategy through to technology-independent implementation