Instead of focusing on the process itself, the finance team can spend more time reviewing the final data and preparing explanations for management. ![]() Today, DOMINION closes the consolidation process the fourth working day of each month. “So, we perform part of the preparation for consolidation out of our Cognos system.” “The different Group companies send a complete balance sheet that is already mapped and automatically adapted to Group financial accounts, with the option to import files,” says Rodriguez San Vicente. “LKS has a great and proven experience with Cognos implementations and they always solve our technical and operational problems,” adds Rodriguez San Vicente.ĭOMINION’s corporate team also uses Cognos Controller software to compile information from the company’s various subsidiaries, and to obtain all the details needed for the notes of the consolidated financial statements. After three months of success from December 2018 to March 2019, the solution went live in production. To better understand DOMINION’s specific requirements, LKS held several workshops and conducted proof of concepts (POCs) to demonstrate the solution. The first phase of the project focused on automating the legal consolidation process. “Another challenge was the dynamism and speed of change of its corporate structure, with its many M&A operations and organizational changes.” “DOMINION has a large international presence,” says Andrés Bedia Alonso, Commercial Manager for LKS. To help deploy the solution, the company engaged IBM Business Partner LKS Financial Solutions & Corporate, chosen for its technical aptitude with Cognos technology and strategic expertise in the financial arena. “Cognos could also connect with our Microsoft Dynamics NAV, or Navision, accounting system, which was essential.” “We chose IBM Cognos Controller because it’s a versatile and practical tool that allows us make changes in the Group organization easily,” explains says Rodriguez San Vicente. Formal guides are yet to be set for the adjoining properties, with expectations of more than $7 million each.In 2018, after extensive research, DOMINION found what it needed in IBM® Cognos® Controller technology. The main house (which has an indoor pool) is dated but brimming with “trophy potential” and has a price guide north of $35 million, Mr Malouf says. The deceased estate, being shown off-market by Highland Double Bay’s Bill Malouf and Pillinger’s Brad Pillinger, comprises the main Victoria Road mansion on 2000 sq m and two adjoining properties that can be accessed from nearby Drumalbyn Road.Ĭo-listing agent Mr Malouf said the properties could be bought in one line – representing more than 3000 sq m – or broken up. The property, which shares a driveway with Belhaven, belonged to late property developer Tom Breuer and his art dealer wife, Eva.īelhaven has a pool, tennis court and gatehouse. That property has since been bought by Stephanie and Garrett Jandegian for about $27 million.Īnother Bellevue Hill mansion has also hit the market close to Christmas, one right next door. The buyers are tipped to be the local Kontopos family – which incidentally bought their previous Bellevue Hill home from the Stevens family on nearby Kambala Road. The Stevens have sold their Victoria Road mansion which sits on around 2200 square metres. Mr Stevens was succeeded by Helen Lofthouse, the ASX’s first female CEO now in charge of the $250 million CHESS clearing and settlement replacement project. The Belhaven sale comes nine months after the former ASX CEO announced his retirement after almost a decade at the exchange. It is next door to Le Manoir, the Sydney home of News Corp co-chairman Lachlan Murdoch and his wife, Sarah. The three-level home, built in 1919, has undergone a heritage renovation by architect Howard Tanner and has a tennis court, gatehouse, wine cellar and pool – along with panoramic harbour views. ![]() ![]() Retired ASX boss Dominic Stevens has sold his Bellevue Hill home Belhaven for around $50 million. ![]() Mr Pallier handled the 2017 sale when the Stevens first purchased the property. The agent behind the sale is rumoured to be Sotheby’s Michael Pallier, who would not comment on the sale because of a confidentiality agreement. The yet-to-settle property, on Victoria Road, was purchased by Mr Stevens in 2017 for some $21 million from former Westfield director Stephen Johns. Recently retired ASX chief Dominic Stevens and his wife, Emma, have sold their Bellevue Hill mansion Belhaven for about $50 million, well-placed sources say.
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