Le Figaro is a French daily established in 1826 during the reign of King Charles X of France. As such, it is the oldest French daily newspaper ever published.
Le Figaro continues with its tradition of innovation by its presence on new Internet platforms and mobile devices and by diversifying into different information sectors. Its main publication, Le Figaro, is the leading general-interest newspaper nationwide with a daily circulation of over 300,000. The Group also publishes Le Figaro Magazine and Madame Figaro.
Le Figaro Group is a reference in the digital world. Le Figaro.fr is the first news website in France, with approximately 7 million unique visitors every month. It is also the leading media group on mobile devices, namely with apps such as chainemeteo.com and figaro.fr.
> The rationalization of deferred taxes to be entered in the notes to the financial statements complies with several requirements in terms of content and structure.
> Automate tax reconciliation by country.
> Design a reconciliation report for tax expenses based on the calculation basis.
> Minimize the use of Excel for determining the effective rate.
The access to our Viareport Finance Cloud including the solutions:
> Conso & Report: Web interface with decentralized accesses in subsidiaries
> Link: Import of tax returns
> Notes: Financial statements
> Training of the users from headquarters and in subsidiaries
> Full rationalization of the proof of tax included in the standard configuration
Le Figaro Group can now access data retrieval reports that are consistent with the other reports in the database and that display one rationalization per country as well as one analysis by taxation type from restatements incurring deferred taxes.
The notes to the financial statements are also automatically completed in the system.
The update performed by Viareport was quite complex because the entire structure used for calculating deferred taxes had to be modified.
This solution has yielded several payoffs. Firstly, the automation of the process eliminates data manipulation in Excel which was a frequent source of errors.
Today, rationalization is only finalized in an Excel file that centralizes all data calculated in Viareport and enables final adjustments to be made.
Having all of our data in a single database ensures consistency between consolidated data analyses and the notes to the financial statements, even when updates are made at the last minute.
As a result, we save valuable operating time when producing the notes to the financial statements.