IBM Controller

IBM Controller: Financial Consolidation Automation in Compliance with IFRS

For large holdings and national companies in Kazakhstan, Uzbekistan and Central Asia, timely and accurate financial reporting is critical to maintaining investor confidence. IBM Controller by IBM, delivered by RBC Group, elevates the financial close process to a new level by eliminating human errors and significantly accelerating the preparation of consolidated financial statements.

In the dynamic markets of Kazakhstan and Central Asia, flexibility is essential for survival. RBC Group complements financial consolidation with IBM Planning Analytics as a “rapid response system”, transforming the finance department from a recorder of historical data into a proactive decision-making center.

Key Benefits for the Finance Department

Fast Close and Accelerated Reporting Cycles
Automate data collection from multiple ERP systems and significantly reduce the time required to prepare consolidated financial statements across the group.

Transparency and Full Audit Control
The system provides a complete audit trail of all adjustments and entries, which is essential for successful audits by Big Four firms and internal compliance teams.

Multi-Currency Management and Intercompany Eliminations
Perform automatic currency conversion and real-time elimination of intercompany transactions, ensuring accuracy and consistency across all entities.

Finance Independence from IT
Financial controllers can independently configure reporting structures, ownership hierarchies, and consolidation rules without relying on developers.

IPO and Audit Readiness
Prepare financial statements in full compliance with IFRS standards and regulatory requirements of Kazakhstan, ensuring readiness for audits and potential IPO processes.

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