Founded in 1983, Cofinimmo is today the largest listed property company in Belgium and a member of the BEL 20. Cofinimmo owns and manages nearly 2 million square meters of property, spread over Belgium, France, the Netherlands and Germany. The company is active in the domains of healthcare (elderly homes), distribution network and offices.
Supported mainly by a Microsoft Excel driven process combined with a growing diversification of its business, Cofinimmo struggled to reduce time and effort and saw its efficiency degrade during the budgeting & planning cycles.
As the company’s ERP processes are based on SAP, it was a logical choice to opt for an integrated planning solution within the same landscape. With the implementation of SAP BPC, Cofinimmo is now able to budget and forecast faster. The application allows a better collaboration between the budget owners and the corporate department, a flexible way of managing the scope of the total building portfolio, faster simulation exercises and integrated Master and Transaction data for building the budget.
element61 helped Confinimmo redesigning their budget process to optimize the planning and budgeting procedures and developed a SAP BPC application that could easily integrate in their current landscape including SAP ERP and SAP Business Warehouse.