Belgium

Details

  • Service: Advisory, Management Consulting, Asset Management
  • Date: 30/10/2012

Daniel Pairon, Partner

Daniel Pairon, Partner

Global Head KPMG Asset Management

+32 (0)38211736

Transform an asset intensive company into an asset management organizaton 

Asset Management case study

A KPMG team helped transform a leading asset intensive company into an Asset Management focused organization in line with global leading standards and practices, agreed upon PAS 55.

Context

 

The client is a big asset-intensive company, with several geographic entities and business units. Their consolidated balance sheet amounts to 2.5 billion euro. The company has a multitude of physical assets to manage their processes.
The client has a vision to develop a top notch Asset Management capability.

 

Approach and scope of work

 

During the project there was a broad integration of all stakeholders (management, IT, technical employees and accountants) in the project
 

The project scope included assistance and advice with regard to:

  • Full assessment of the physical assets in the first year
  • Implementing a continuous reconciliation between accounting and technical systems
  • Integration of an Asset Management Tool within the IT architecture
  • Design of sustainable processes for registration and data changes
  • Implementation of an Asset Management Organizational Structure
  • Design of processes for performing data quality improvements within the technical databases without eroding the link with the accounting data

 

Outcome

 

The project has enabled the client to develop a first class in asset management by linking and redesigning the Asset Life Cycle Management (ALCM) processes (both technical and accounting): Investments, demolition, maintenance, etc.)

 

 

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