There is an elimination where automation becomes especially handy because part of the elimination bookings typically lasts for years. Profit on fixed assets emerges when some fixed asset – tangible or intangible – is sold by one group company to another for a higher price than the book value in seller’s books is. The asset stays the same, so the higher selling price must be eliminated from the group’s figures. One element to eliminate is the intergroup profit and the other is the overstated assets and too high depreciation.
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October 9th, 2018
inlumi is proud to have picked up a EPM Partner of the Year Award at the annual UKOUG awards event on Thursday 4th October. On the eve of inlumi’s 1-year anniversary, we were able to demonstrate the force of our joint venture to become the most capable and experienced EPM consultancy in Europe.
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October 5th, 2018
Exactly one year ago, two leading consultancies joined forces to become inlumi, with the mission to become the most trusted partner in Europe for Enterprise Performance Management and Analytics services. Frank Wessels, inlumi’s Chief Operating Officer, shares some reflections on the last year and the exciting developments that await us in the future.
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