What's new at QPR?
✅ QPR ProcessDesigner & QPR EnterpriseArchitect
• More interactive and intuitive process publishing.
• Better governance model for more efficient management.
• New ad hoc analysis tools.
✅ QPR EnterpriseArchitect
• Fluid integration of notations such as ArchiMate, BPMN, UML and DMN into a single model, facilitating the design and management of complex processes.
✅ QPR Metrics
• Functional and visual improvements that optimize data analysis and decision making.
Coming soon: QPR News Webinar
We know that these updates bring many opportunities to improve the management of your company. That’s why we’ll be hosting an exclusive webinar on April 23rd, where we’ll explore these improvements in detail and announce new training and product certifications.
More information about the webinar in the coming days on our Linkedin page
QPR Innovations: Improvements that will optimize the management of your processes. Discover the new features
At QPR, innovation never stops. This month we will be introducing a series of improvements to our process management, enterprise architecture and performance solutions. These updates will make your work more agile, intuitive and efficient.
Read our Newsletters here
Find out the latest news from our Partners
HOW TO AVOID MISTAKES
COMMUNITIES IN THE CALCULATION OF
MINORITY INTERESTS?
The best solution for your needs
As a finance professional, you have probably experienced how a small change in minority interest can be a problem in the preparation of your financial reports.
If a change in minority interest is not accounted for correctly and does not follow your group structure, this could lead to incorrect results in the management report.
If you think, “Well, I don’t care what the detailed result is in my monthly report, because the equity will be correct, and that’s the most important thing.”
So remember, when preparing your consolidated annual report, having both the correct equity and the correct minority interest result will make the process much easier, save you time, and avoid the task of reviewing each minority interest to make sure everything is correct.
This guide looks at the most common errors we see when accounting for changes in minority interest and explains how you can avoid incorrect figures in your income statement, making your job easier as you approach the end of the accounting year.
THE MOST COMMON ERRORS IN UPDATING CHANGES TO MINORITY INTERESTS
One of the most common mistakes when accounting for changes in minority interest is forgetting to follow the group structure all the way through. For example, a change in minority interest may occur within a subgroup, but it is often only accounted for at the top level. However, it is necessary to follow the structure all the way through to ensure that the minority interest of the minority is also accounted for.
We also observed errors when converting the currency of the minority interest of the minority within a subgroup, when the same principle applied to the currency conversion of the income statement is not used.
Often, minority interest is not calculated based on actual periodic movements when changes in minority interest occur throughout the year.
Another common mistake is forgetting to apply any changes to minority interests, as the change may not make a difference to the total result and equity. However, this difference may impact your share of the performance of the corresponding subsidiary.
Whether your minority interests change frequently or occasionally, a change in minority interest can mean a lot of work for your finance department. You can save a lot of time and additional effort by accurately recording changes in minority interests when they occur, rather than only reviewing them in your consolidated annual report.
If you continually update minority shareholding changes as they happen, you will become comfortable with the process and the task will become easier for you and your department.
ARE YOU USING THE SAME PRINCIPLE IN YOUR WIN/LOSS CONVERSION?
The best solution for your needs
The easiest ways to overcome the challenges related to changes in minority shareholdings are:
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Be sure to update any changes as soon as they occur.
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Create a structured procedure to account for changes in minority interest.
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Automate the task of calculating minority interest.
By following these three steps, you can ensure that the change in minority interest will be a simple and continuous calculation, avoiding wasting time checking it when preparing the annual report, when your time is already limited.
Of course, you can still use your Excel spreadsheet for the minority shareholding task, but using software to automate the process will make everything quicker and easier, and can help you avoid the risk of unwanted manual errors.
03: Automation ensures you get accurate numbers with less manual work.
Working in Excel involves reviewing multiple Excel sheets, sometimes overflowing with data. And working with multiple Excel sheets can easily result in incorrect numbers, as it will be difficult to maintain an overview when reconciling one Excel sheet with another while preparing the consolidated annual report. It is a very time-consuming task. Therefore, it is a great advantage if the minority interests of the organization have already been changed and calculated automatically in the monthly reports.
We recommend that you automate minority interest calculations using software that allows you to be more assertive in your calculations. This way, you will avoid incorrect numbers in your reports and ensure that changes are applied continuously, making it as easy as possible to prepare the consolidated annual report. One software that can help your consolidation process is Konsolidator. For more information about Konsolidator, visit our website: www.onglobal-solutions.com
Is your FP&A software up to par?
Maximize the full potential of your FP&A strategy
The role of FP&A has evolved from simple budgeting and reporting to an essential strategic function in defining the direction of the business.
Today, finance teams must deliver actionable insights, adapt to changing markets, and drive value across the organization. Having a comprehensive solution that addresses the challenges of the organization has never been more important.
To address these complexities, Aquinos implemented the CCH® Tagetik unified CPM platform, simplifying its information management, planning and consolidation processes:
Reporting: Automated IFRS-compliant reporting with standardized workflows, timelines and reporting including P&L, balance sheets, KPIs and company comparison reports.
Planning: Increased budget efficiency through new forecasting processes (3+9, 6+6, 9+3), increasing accuracy and flexibility.
Consolidation: Automated intercompany adjustments, margin eliminations and journal-specific adjustments, ensuring accuracy across the group.
Watch this exclusive session with António Jorge Cruz, Controlling Director at Grupo Aquinos, where he shares his experience of the group's journey towards financial automation with the CCH® Tagetik solution.
Discover how Aquinos transformed its financial processes and achieved significant operational efficiencies Speakers:
António Jorge Cruz | Control Director - Aquinos Group
Hugo Carvalho | Business Development Director - OnGlobal Solutions
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🚀 Masterlink and OnGlobal Solutions join forces to expand into the Spanish market!
This partnership strengthens our mission to offer accessible and innovative tools that allow companies to digitalize processes without the need for technical knowledge or specialized IT teams. Because we believe that innovation should be within everyone's reach! 💡
"Change has never been so
fast and… will never be so slow"
The Importance of Compliance
What is Compliance in Business?
Compliance results from the execution of an action plan that leads organizations to meet standards and requirements demanded by government, security, health, etc. entities.
Adherence to these standards is only effective if they are implemented efficiently and monitored cyclically, and synergistically meet the needs of the Business.
4 main reasons for your organization to take Compliance seriously:
✅ Raise Professionalism: Promotes high ethical and behavioral standards within the organization.
✅ Consolidate Corporate Values: Reinforces the organizational culture and the company's fundamental principles.
✅ Act Responsibly: Ensures compliance with laws, standards and regulations, minimizing legal risks
✅ Increase Reputational Level: Improves public image and credibility with clients, partners and the market.
Daniel Gomes
Daniel Gomes, CEO of Masterlink: “We have a relationship of complete trust with Onglobal, as a result of the success we have already achieved together in the national market. We are confident that this partnership will be a major step towards the digitalization of Spanish companies.”
How to Avoid Process Disruption?
Collaborative
Strategy
Business
Operations
YOU
Accordance
AS IS to TO BE
Know the AS IS processes and involve key people in defining the TO BE processes in a digital paradigm.
Technological support
Agile and flexible technology to accommodate the implementation and evolution of processes from an integrated perspective of productivity and compliance.
Know How vs Technology
What corporate ammunition do we need to face constant Challenges?
We already have some of them at our disposal, we just end up not making the best use of them.
The main pillars, where the know-how resides, are the Organization's pillars and it is important to be available to collaborate. How?
In practice, how is it possible to integrate the evolution of processes with compliance sources?
Governance Model
With the methodological approach implemented, how can we ensure continuity in order to enhance compliance?
✅ Requirements analysis: standards and other compliance sources that impact the processes to be automated are inherently identified.
✅ AS IS compilation: understanding what the current standards are that regulate processes.
✅ Gap Analysis (GAP Analysis): identifying the requirements of the TO BE version of the processes to evolve.
✅ Definition of TO BE: modeled and developed, where the rules to be implemented in the TO BE processes are defined.
✅ Change management: incorporation of employees into new procedures and the new strategy of the organization.
Governance model
With the methodological approach implemented, how can we ensure continuity in order to enhance compliance?
Obtain KPIs & Reporting (ideally dynamic) that allow us to have a real vision of the Business and that serve as inputs for the continuous evolution of our processes and to face new challenges that arise.
Paradigm Shift
There is no one-size-fits-all solution. Each context is unique and requires a solution tailored to the business priorities.
✅ Create a new standard within the Organization
✅ Develop Standards and procedures to transform current processes into digital processes
✅ Collaborative Work Methodologies
✅ Develop a Governance Model in a flexible Technological Ecosystem that allows evolution over time
