Digitalization and Automation of Financial Processes for C-Level Management
Munich, June 14, 2021: Digital solutions, consulting and software group valantic (www.valantic.com) and consulting boutique verovis (www.verovis.com) join forces with immediate effect. verovis’s solution portfolio that is built around its C-level expertise in digitalizing financial processes such as corporate management, planning, consolidation and reporting will optimally complement valantic’s. From now on, customers will benefit from holistic consulting in all relevant financial and planning fields. verovis has offices in Munich, Düsseldorf, Hamburg and Berlin and is a SAP Gold Partner, CCH Tagetik Platinum Partner and Microsoft Gold Partner.
Within just six years, verovis has become one of the leading consulting boutiques in the German-speaking region and a “trusted partner” at CFO level. verovis distinguishes itself from its peers by offering a holistic consulting approach, and accompanying projects from the design of the control logic through to implementing company-wide database and software solutions that meanwhile extend far beyond the classic area of finance.
In doing so, verovis works with products of leading vendors such as SAP, CCH Tagetik and Microsoft, as well as offering proprietary predictive models to automate financial processes – such as liquidity planning – on the basis of artificial intelligence.
Customers Benefit From an End-to-End Service Portfolio
The merger will allow customers to meet their planning and reporting needs by digitalizing their finance function using a single-source, end-to-end solution portfolio of ERP and control processes. Among the synergies leveraged by the new partnership is the ability to link sales and financial planning – a requirement expected to grow significantly in importance over the coming years and one that will have to be synchronized faithfully from a technical and process perspective. With respect to sales planning, valantic is already broadly positioned in the area of supply chain & logistics and offers customers market-proven solutions based on SAP Integrated Business Planning.
Primary customers with corporate structures additionally expect deep-seated competence in the area of consolidation. This is another of verovis’s key strengths which, combined with its pronounced C-level competence, lets large, mostly global finance organization transformation projects be developed and implemented as well. Up to now, valantic units such as its INTARGIA subsidiary have typically handled CIOs’ consulting needs in transformation, carve-out and M&A projects. Together, verovis and valantic offer the necessary basis for surmounting the challenges of setting up digital finance organizations following M&A or carve-out projects. With the merger, a leading provider for the end-to-end digitization of financial processes is formed.
Starting out as a founding team of eleven employees, verovis has grown to nearly 70 technical and tool experts since 2015. The company serves customers from the industry, business services, energy, healthcare, retail and media sectors, including upper midmarket organizations and DAX-30 corporations. Similarly to valantic, verovis is organized as a holocratic partner enterprise. “Culturally, we’re an excellent match. Not only will we benefit from each other but, above all, entirely new opportunities will open up for our customers,” enthuse verovis CEOs Bernd Trautwein and Clemens Frank.
“With verovis, we’ve gained a new partner that further strengthens our expertise and solution competence with excellent products and outstanding consulting know-how at CFO level. Our multinational and upper midmarket customers will benefit greatly from this”, stresses valantic CEO and Partner, Holger von Daniels.
“By teaming up with valantic, we can wholly deliver on our corporate mission of realizing the full potential of ‘man and machine’ in finance organizations – we’re proud to be part of the valantic vision,” says Bernd Trautwein. “valantic is the strategic partner we’ve been looking for to let us advise our clients even better in their complex finance organization transformation projects,” adds Clemens Frank.