RECARO Automotive
Global manufacturer of premium automotive seating, with operations in the United States, Germany and Japan.
The challenge
- Needed one cloud-based solution to combine multi-currency data for management visibility and financial statements
- Had to report to US GAAP, IFRS and the local GAAP of each country, plus consolidations for the parent
- Relied on time-consuming, error-prone spreadsheets for group reporting
The results with Mondial
- Common financial reports for every group company, plus consolidations for the parent organization
- Consolidation entries, eliminations and currency revaluations recorded in Mondial: a single point of control
- Transaction detail updated automatically from the ERP, giving up-to-the-minute visibility of every subsidiary
- New subsidiaries integrated without first standardizing on a single ERP
- Rapid implementation with an immediate return on investment
“Mondial has afforded us much greater flexibility and agility. We have standardized and streamlined our financial statements and can respond rapidly to the company's changing needs. This has been a big win for RECARO Automotive.”
Roman Laczkovich, VP of Finance and CFO, RECARO Automotive


