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MAF Ventures Selects CONTROL® for Consolidation and Reporting processes


In 2006, MAF Fashion, a venture of Majid Al Futtaim Group which deals with world’s best brands in the fashion industry had gone for CONTROL® for attending to their entire merchandise planning, financial budgeting, planning, data consolidation and reporting processes. Scalability, ease of use and ability to handle any complex business calculation were obviously definite outcomes from CONTROL®. Based on this implementation at MAF Fashion and these, bundled with CONTROL®’s flexible and adhoc reporting capabilities in Excel surely didn’t create any confusion in the minds of the evaluators at MAF Ventures as to which product to go for… CONTROL® truly was the unanimous choice.

The primary objective of the project at MAF Ventures was to consolidate data from the various entities such as Leisure and Entertainment, JCB, Dalkia, Orix, Fashion, Greater union etc and perform basic financial consolidation after eliminations and adjustment entries to generate their final Income Statement, Balance Sheet and Cash flow. Besides data and financial consolidation, MAF Ventures had extensive report generation requirements for which CONTROL® was used extensively to generate various month‐end reports, YTD reports, variance analysis reports etc which are accessed by several users across their different entities.

“The business value was instantly seen from CONTROL® from the very moment, the initial phase of application development was over. Thanks to some of the remarkable features the product has coupled with unrivalled flexibility the excel matrix offers which did cut our former manual process of data consolidation, corrections and reporting by at least 1‐2 weeks. Right now, it’s the real time flow of data between models with automatic reflection of valid and reliable business data which did completely ease out our pain areas such as that of Financial Consolidation and Ad hoc report generation”

It was Summit Solutions who performed the implementation of CONTROL® at MAF Ventures. The certified consultants of Summit Solutions did gather the business requirements of MAF ventures correctly and this was in turn applied during the application development phase. The team was meant to execute the project within tight deadlines which was also accessed as a critical factor in the execution phase.
About MAF Ventures:

MAF Ventures is a part of the Majid Al Futtain Group, which is one of the premium business groups in the Middle East and has a number of core businesses that complement one another yet are separately managed. Majid Al‐Futtaim Ventures primary objective is to develop joint ventures and wholly owned businesses through international business alliances with world class partners, which aims to complement the existing businesses of Majid Al Futtaim Group and provide an unrivalled mix of international standards and local expertise.

About CONTROL®
CONTROL® is the flagship product of KCI Computing Inc, US. This product is mainly used by corporate and medium scale business to model complex business processes whose reliance on Excel sheets and legacy applications had been maximum but has now reached a stage of severity where only a highly scalable and flexible solution can only handle their business process. Several Fortune 50 and Fortune 100 companies across the globe have been making use of CONTROL® for attending to CPM processes such as budgeting, planning, analysis, forecasting, data consolidation, reporting and dashboard processes.

About Summit Solutions:
Summit Solutions is the exclusive distributor and implementation partner for CONTROL® across the entire GCC and MENA region. They have a team of dedicated CPM certified consultants to support their customers from various verticals spread across all over GCC and Mena regions. Summit Solutions stands apart from the crowd by specializing only in CPM and CONTROL® and therefore has a reliable and strong customer base across many years. This company has a strong project management philosophy with a mission to complete projects within set time periods thereby ensuring customers of satisfaction and timely delivery.


Email: contact@summit‐me.com
Phone: +9714 2833568
Website: www.summit‐me.com


 



 

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