Consolidation: Successfully Migrating to Anaplan FCR

By Mainaa Lamri, Director of the Consolidation & Reporting Practice at Beyond Plans

Migrating a financial consolidation system is rarely a neutral decision. It most often takes place in a constrained context: a tool that has become difficult to maintain, excessive dependence on critical files, rapidly evolving scope, or increased audit requirements.

In such situations, migration is not an optimization project—it is a risk mitigation project.

What many finance teams discover in the process is that consolidation is not just a set of automated calculations. It is built on a collection of rules, conventions, and judgments accumulated over successive closings. When these elements are not clearly documented, they become the main risk factor in any migration project.

Migration as a revealer of the existing system

Any migration project acts as a magnifying glass. Early in the process, certain vulnerabilities become apparent: adjustments handled outside the system, rules applied differently across entities, and controls relying more on habit than on formalized mechanisms. While the historical environment holds, these deviations are manageable. Once the framework changes, they become critical.

The challenge does not lie in choosing the target solution but in what has never been fully articulated. Migration forces teams to ask simple yet decisive questions: Which rules are actually used? Which adjustments are recurring? Where does manual processing create dependency? Without this analysis, no tool can ensure a sustainable and secure consolidation.

Clarify before transposing

It is tempting to reproduce the existing system exactly in the new environment. While this approach may provide short-term reassurance, it mechanically transfers the weaknesses of the previous setup. The most robust migrations are those that embrace a rigorous clarification phase: scope, entity and account references, data flows, conversion rules, and recurring adjustments.

This structuring is far from abstract. It determines the future system’s ability to absorb changes in scope, integrate a new entity, or meet audit requests without recreating parallel processes. In this sense, migration is first and foremost an exercise in functional discipline.

The role of a structured framework in a controlled migration

This is where a model like Anaplan Financial Consolidation & Reporting (FCR) becomes invaluable. FCR provides a structured consolidation framework, based on a pre-configured IFRS foundation that is fully manageable by the finance function. It covers all mechanisms expected in modern statutory consolidation: entity and currency management, intercompany eliminations, changes in control, and the production of consolidated financial statements and notes.

In a migration project, the value of this framework is not to impose a rigid standard, but to serve as a common reference. It enables clear documentation of rules and processes, and distinguishes what belongs to the standard from what is specific to the group. This transparency is a key factor in risk mitigation, particularly from an auditor’s perspective.

Securing the transition without compromising closing

Migrating to Anaplan FCR is not about transferring risk from one tool to another. Success depends on maintaining operational continuity while strengthening control. This requires careful attention to calculation traceability, journals, embedded controls, and governance of periods and access rights.

When these elements are handled methodically, migration becomes a lever for enhancing reliability. Closings become more transparent, teams reduce dependence on informal mechanisms, and the system grows more resilient to future changes.

A migration designed for the long term

The success of a migration is not measured at the first closing. It is measured over time: the ability to integrate a new entity without heavy reconfiguration, to absorb changes in scope, and to respond to audit requests without manual reconstruction.

Successfully migrating to Anaplan FCR is therefore not just about adopting a new platform. It is about establishing a clearer, more controlled, and more sustainable consolidation framework, capable of supporting the group’s transformations without jeopardizing financial reporting.