Asseco CCR Comprehensive Consolidated Reporting.

asseco.com

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Comprehensive solution for consolidated reporting.

The Asseco CCR application is an advanced, secure and intuitive tool for conducting standalone and consolidated reporting. It enables the efficient and effective preparation of reports for public listed companies, as well as reports related to the mandatory reporting of financial institutions.

Implemented in the Asseco Group:

• Separate consolidation of the two largest subsidiary

groups

• Over 70 companies involved in the consolidation process

• Subsidiaries in over 30 countries throughout the world,

including companies from most regions of Europe

• Thousands of inter-company transactions

• More than a dozen subsidiary groups comprised of

companies and other subsidiary groups

• Almost 200 users of the application around the world:

Israel, Nigeria, Georgia, Slovenia, Australia, Turkey, Poland,

Russia, Kazakhstan, Romania, AustriaThe application fully supports reporting in compli-

ance with International Financial Reporting Standards

using various consolidation methods. It provides

a range of functions to allow for the automation of

every aspect of the complex process of consolida-

tion at every stage in the process.

Asseco CCR is fully integrated with the Comprehen-

sive Mandatory Reporting tool (Asseco CMR). It also

provides comprehensive support for the standalone

reporting process, beginning with the acquisition

of data from source systems, continuing through

support for the process of transforming data into

the required output format, and finally ending with

the presentation of results in the form and layout

required by the recipient of the reports.

The system includes mechanisms for monitoring and

supervising the process of data collection and calcu-

lation of separate and consolidated statements. It

also enables and supports the consolidation of small

and large international corporate groups.

3 of the 20 largest Polish companies on the Warsaw Stock Exchange are using Asseco CCR for preparing consolidation reporting:• Asseco Poland (Asseco Group)• Bank Pekao (Pekao Group - the member of UniCredit Group)• mBank (mBank Group - the member of Commerzbank Group)

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• Efficient cooperation with groups and companies at different levels of consolidation

• A reduction in time and costs associated with conducting the process

• Security and auditing of consolidation processes

• Easiness of data analysis at all stages of the process

• Adaptation of the level of data collected to implementation requirements

• A user-friendly interface and intuitive interaction with the application

• Access to all functions using a web browser

Asseco CCRguarantees:

Organisation of the process.

Comprehensive support at all stages of the consolidation process. The possibility of

delegating responsibilities and duties within a corporate group. Monitoring is carried out by

using graphical visualization of all work stages and the automatic reporting of missed targets.

Automation.

Calculation of the consolidated reports based on data from stand-alone packages, taking

into account currency conversion, inter-company transactions, and all types of consolidation

adjustments. The possibility to automate the merging of inter-company transactions and the

automatic inclusion of data into separate statements.

Flexibility.

Support for the consolidation process in the case of static and dynamically changing corporate

groups. Easy management of a group’s structure. The possibility of sub-consolidation, i.e. the

calculation of consolidated reports at any level of a corporate group.

Configurability.

The system allows new definitions, as well as the editing of existing reports presenting

reporting data together with dedicated calculation and validation rules. A dynamic transaction

model permits adjustment of the level of inter-company transactions collected to implemen-

tation requirements. The configuration of system metadata is carried out in a user-friendly

manner, using Excel files.

Audits.

The ability to audit consolidated data based on transparent analytical reports containing all

the components of the consolidated financial statements. The auditing of standalone data,

including the auditing of changes for inter-company transactions.

Knowledge base.

A document repository enables the documentation of the consolidation process. The system

has a built-in tool for communication enabling effective cooperation between users during

the preparation of financial statements.

Key features ofAsseco CCR.

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Organisation of the consolidation process.

Definition and initiation of the consolidation process

Collection and validation of inter-company transactions

Preparation of data for standalone packages

Definition of algorithms for automatic consolidation adjustments

3. 4. 5. 6. 7. 8.1. 2.

Export of the consolidated package

Verification and approval of the consolidated package

Manual adjustments to the consolidated package

Calculation of the consolidated package

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The Asseco CCR system consists of tailored functional modules, which comprehensively support the consoli-

dated reporting process. It also provides a range of functionality, starting with configuration and administration,

through data management, and ending with tools to view and analyse the resulting reports.

FunctionalModules.

This module consists of four closely interacting areas corresponding to specific areas connected with consoli-

dated reporting.

Stand-alone packages.

This area enables work with the financial statements of reporting units. Data can be collected via the application

interface, imported from Excel files or downloaded from a data warehouse. Automatic verification rules ensure data

validity. The application allows currency conversion, a comparison of reports and a range of functionality to support

a user in the analysis and validation of unit data.

Inter-company transactions.

This area provides an intuitive way to work with inter-company transactions - adding and editing (with the import

of Excel files also possible), verification, merging (also automatically) and reconciling data entered by parties to a

transaction. Different types of transactions are supported: settlements, fixed assets, intangible assets and inventories.

Transactions are entered at the data level, based on the user-defined data model, to cover all necessary business

needs.

Consolidation adjustments.

An advanced adjustments area allows you to define and configure automatic consolidation adjustments. It allows

you to automatically perform inter-company eliminations, exclusions from consolidation, exchange differences and

adjustments to allow for the inclusion of a company in the group during the financial year. This area also allows

manual consolidation adjustments to be made that are applicable through successive reporting periods.

Consolidated packages.

The application performs the automatic calculation of consolidated packages based on data from standalone

packages taking into account currency conversions, inter-company transactions, and all types of consolidation

adjustments. Consolidated data can be viewed and verified on the basis of an analytical and transparent report

containing all the components of the consolidated financial statements. In the case of a multi-level corporate group,

it is possible to independently prepare financial statements for each of the consolidation level.

ReportingModule.

The Asseco CCR system provides a Management module that allows full control and monitoring of the process.

The interface enables the intuitive definition and modification of the structure of a corporate group. It also allows

for the delegation of tasks to lower levels within the group and monitoring the actions of users in terms of tasks

assigned to them thanks to the graphical visualization of stages and the automatic reporting of missed targets.

The document and attachment repository enables

documentation to be stored for the entire consoli-

dation process. Users have access to the material

collected depending on the rights allocated to them.

Administration is carried out through an easy-to-use

panel for user management. The policies for granting

user rights takes into account the structure of the

corporate group and the roles performed by users

in the process of preparing the consolidated reports.

ManagementModule.

DocumentsModule.

AdministrationModule.

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• Asseco CCR increases the efficiency and productivity of the consolidation process

• It brings tangible operational benefits

• It enables the automation of the consolidation process

• It has proved successful in a complex international corporate group

• It provides access to functionality in a cloud services model

Why chooseAsseco CCR?

• Planning and management of work related to consolidation

• Comprehensive support during all stages of the consolidation process

• Collection and validation of standalone data

• Automatic calculation of consolidated package

• Data verification at standalone and consolidated levels

• Communication between participants in the process

The main tasks ofAsseco CCR.

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Asseco CCR Comprehensive Consolidated Reporting.

Asseco Poland S.A.

Olchowa str. no 14

35-322 Rzeszów

Business Intelligence Division

Wielicka str. no 22A

30-552 Kraków

phone: +48 12 344 36 99

e-mail: produkty.BI@asseco.pl

asseco.com