In just three weeks, the implementation of Reporting.cz gave the client an information base for the management of local companies as well as for group-level management, updated daily. Most of the tasks associated with the seasonal, one-off formal preparation of the financial consolidation have disappeared, as most outputs and supporting documents are now available on an ongoing basis. The manual work and errors associated with maintaining ever-growing Excel files have been replaced by data processing and storage in a DWH and online presentation of reports in a web application.
We are heading towards a greater ability to analyse and use data correctly and on time to support decision-making and management. We have a lot of data, and with the upcoming growth of non-financial reporting, there will be more and more of it.
Trigema Investment Group is a Czech company focused on residential development, as well as a real estate fund, venture capital and leisure. Trigema builds its DNA on independence and responsibility for its own decisions. The activities it puts effort into mean more than just numbers on the balance sheet – it truly cares about its projects. It has the courage to challenge the status quo and move things forward. Its ideas change the character of city districts, breathe new life into abandoned places and bring unusual experiences: it creates exceptional projects and a better space for living.
We asked Jakub Korf, group CFO and member of Trigema's board of directors, to evaluate our cooperation so far. In his role, he is responsible for the group's overall financial management, financial strategy, improving internal control and financial mechanisms, and reporting to external stakeholders.
The project fully met our expectations – and they were already high, given the very good references for Reporting.cz we had received from KPMG.
The main benefit for us – and this is no exaggeration – lies in moving the reporting of the consolidated results of the group and its sub-holdings technologically into 2023. For us, implementing the consolidation tool means, at least for one regular reporting and analytical activity, leaving endless Excel spreadsheets behind and moving to a comprehensive reporting system.
The implementation brought together two parties, each well prepared for its role: Reporting.cz, with a fine-tuned product, experience and a clear idea of the level of cooperation and the data structure it needs from the client; and Trigema, with ready data sources (a centrally implemented SAP system) and a team fully dedicated to the implementation. The whole implementation went very smoothly and quickly – in about 3 weeks.
We are clearly heading towards a greater ability to analyse and use data correctly and on time to support decision-making and management. We have a lot of data, and with the upcoming growth of non-financial reporting, there will be more and more of it. We just don't quite know how to use it properly yet. It is “just” about showing the right data in the right way at the right time. Our goal is to gradually integrate data from a wide range of sources into a single reporting platform that will support us in this effort.
One of the nearest challenges is ESG reporting, which is still hard to grasp. Then there is detailed performance monitoring related to construction, planning, project finance management and, last but not least, reporting related to rental housing, which is becoming one of today's trends.
He leads Reporting.cz and writes about reporting and business intelligence from a hands-on perspective. What he enjoys most is turning data into clear, decision-ready insights.
Learn how reporting can change your business.
The security of company data is our priority. That's why we went through the rigorous ISO/IEC 27001 certification process, which confirms that our information security management system meets an internationally recognised standard.
For a few days, we swapped the office for Lipno and our computers for oars. This year, the whole Reporting.cz team headed to Frymburk for a few days together by the water.
The EU Pay Transparency Directive is taking concrete legislative shape in the Czech Republic. For CFOs, this means one fundamental change: the gender pay gap is no longer just a reputational issue – it is becoming a measurable regulatory risk with direct financial consequences.
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REPORTING.cz, s.r.o.
Budova Myslbek
Ovocný trh 1096/8
Praha 1, 110 00
IČ: 24248991
DIČ: CZ24248991
Společnost je zapsaná v obchodním rejstříku vedeném Městským soudem v Praze oddíl C, vložka 197204.
Ochrana osobních údajů (GDPR)
REPORTING.cz, s.r.o.
Budova Myslbek
Ovocný trh 1096/8
Praha 1, 110 00
IČ: 24248991
DIČ: CZ24248991
The company is incorporated in the Commercial Register administered by the Municipal Court in Prague, Section C, File 197204.
Data Protection (GDPR)
