“My favourite feature of the software is the Annual Accounts, as it
includes all the options you require for the notes and disclosures”
Nandkumar Dyanghee, CFO Luxembourg at CBRE Global Investors
Challenge:
To reduce the time spent on the preparation of notes and disclosures
and the manual completion of eCDF filing.
Solution:
The use of the CaseWare Lux GAAP solution for financial statements
with automated notes and automatically generated XML for eCDF filing,
which make the use of Word and Excel redundant.
Result:
Consisted and validated notes. CBRE Global Investors gained
30-45 minutes for each eCDF filing.
CBRE Global Investors Luxembourg were one of our first customers who started using Caseware Lux GAAP, the software solution for compiling financial statements including automated notes. Nandkumar Dyanghee, CFO Luxembourg at CBRE Global Investors tells us more on how Lux GAAP changed him producing financial statements more efficiently.
Before Caseware
Before CBRE Global Investors implemented Caseware, they used a combination of Excel and Word to produce annual accounts. The main frustration here was that the font sizes were not coherent throughout the documents and they had to additionally update the notes manually in Word wherever required. Nandkumar is familiar with Caseware as he has worked with it previously and thinks the software is very efficient, as well as user friendly. Thanks to his knowledge of the software, the software implementation was easy for him.
Impact on the annual accounts
As they were previously producing the eCDF files manually, our software helped them in gaining a lot of time because rounding checks, mapping checks and casting checks are all automatic and make an excellent platform for annual accounts. Nandkumar’s favourite feature of the software is thus the annual accounts as it includes all the options you need for the notes and disclosures. The automated content and note building tools allow them to be more efficient in preparing annual accounts and eCDF filing.
Achieving business goals
CBRE Global Investors’ goal was to reduce the time spent on the manual completion of the eCDF filing. Our software hasn’t only helped them reducing time but also by providing them with a complete set of annual accounts including notes and disclosures for R.C.S. filing. Overall, they gained 30-45 minutes for each eCDF filing.
About CBRE Global Investors
CBRE Global Investors is one of the world’s leading real
asset investment managers with $106 billion in assets
under management. Built up over more than 40 years, their
distinct platform is focused on real assets, giving their institutional
clients access to real estate and infrastructure in
the Americas, Europe and Asia Pacific.
(source: https://www.cbreglobalinvestors.com/company-2/)
