ConsusPartner advises Sodawerk Staßfurt on bank financing and creates integrated planning and reporting tool

ConsusPartner created an integrated planning and reporting tool for Sodawerk Staßfurt and advised the company on renegotiating components of its existing bank financing. Sodawerk Staßfurt is a leading producer of soda with consolidated sales of over EUR 100 million and a subsidiary of the Ciech Group, which is listed on the Polish stock exchange.

The previously existing system no longer met the requirements of the various parties (company, shareholders/supervisory board and banks). A lack of integrated figures as well as high requirements for the reconciliation from German GAAP to IFRS led to a high susceptibility to errors. In addition, the preparation of the monthly reporting was too time-consuming.

With the new planning and reporting tool, the figures are processed mainly automatically and without media discontinuity. Specifically defined reporting packages in different languages are made available to the various recipient groups. The integrated scenario tool enables management to run through various planning assumptions, e.g. during strategy or bank meetings.