Aars Group - Case Study

About AArs group

Aars Group operates as both a family office and an investment company. The group is actively engaged in ownership, capital allocation, investment, and risk management to ensure long-term, sustainable economic growth for its owners. With a strong commitment to active ownership and a long-term perspective, ABC continues to develop profitable businesses, meet evolving customer needs, and contribute to solving key societal challenges.

PROCESS

Consolidation

TECHNOLOGY

CCH Tagetik

The Challenge

As a growing and acquisitive organisation, Aars Group faced increasing complexity in its financial consolidation and reporting needs. The existing SAP BPC system no longer met the group’s evolving needs. Specifically, Aars required:

A solution capable of managing dynamic group structures, including multiple subgroups, mergers & acquisitions, and varying ownership percentages
Support for different consolidation methods such as line-by-line, equity method, and joint ventures
A robust platform not only for financial consolidation and reporting but also for future-proofing against emerging requirements like disclosure management, Pillar 2, and ESG reporting
A modern system to not just replace SAP BPC, but enhance the group’s overall financial and reporting processes through automation and scalability

The Solution

To address these challenges, Aars partnered with Cofiniti, selected for their combination of deep accounting expertise and technical proficiency in CCH Tagetik.

‍Together, the teams successfully replaced SAP BPC with CCH, significantly improving Aars’ consolidation and reporting processes.Importantly, Cofiniti continues to work closely with Aars to further develop and expand the platform.

The goal is to leverage the system across additional capabilities—including compliance, risk reporting, and broader enterprise-wide financial management.

The Outcome

Aars Group’s finance team now benefits from:

A finance-owned, agile solution
The ability to efficiently integrate acquisitions and new entities
Enhanced data transparency and reporting accuracy across the group
A future-ready platform that is evolving to support compliance, risk management, and ESG initiatives