Bonatti Group Achieves Global Financial Clarity

How do you manage finance for a company operating in 95% of the world outside its home country?

For Bonatti Group, a historic Italian industrial contractor with nearly 80 years of experience, global growth has always been part of the DNA. Headquartered in Parma, Bonatti operates primarily outside Italy, with 95% of its business conducted internationally and a workforce of more than 8,500 professionals delivering complex energy projects worldwide. With projects spanning oil & gas, renewables, and power generation in some of the world’s most challenging environments, the company’s reputation is built on technical mastery, adaptability, and unwavering client commitment.

Yet behind this operational excellence, Bonatti faced an internal challenge: managing financial consolidation across a sprawling international network of 24 entities in a way that was both transparent and agile.

Smarter Consolidation, Designed for People

Together with Avvale, Bonatti embarked on a transformation journey that put people and decision-making at the center of financial consolidation, creating a single, reliable foundation that finance teams could trust and easily navigate. Leveraging CCH Tagetik solution, consolidation processes were reimagined to be more intuitive, allowing users to move seamlessly from high-level results to underlying account details. Cloud-based architecture ensured that updates were immediate and maintenance minimal, while integration with existing enterprise systems allowed data to flow naturally across the organization.

Avvale worked closely with Bonatti to shape a model that could handle statutory consolidation today and expand naturally toward forecasting, planning and regulatory compliance tomorrow. Intercompany reconciliation - often a source of friction in complex groups - was transformed into a guided, transparent experience, aligned with Bonatti’s organizational logic and supported by intelligent rules that adapt to different consolidation scopes.

Gaining full control of finance across continents, entities, and regulations

Tasks that once took 3–4 hours now complete in just 10 minutes. With full drill-down capabilities, each consolidated figure can be traced back to its source, giving Bonatti unprecedented visibility. Global teams work seamlessly in their preferred languages, while intercompany reconciliation is handled effortlessly through an intelligent dashboard.

The result: their total annual revenue is now consolidated with clarity and confidence across 24 legal entities, freeing teams to focus on strategic growth rather than administrative work.

Key Enhancements

Cloud-based architecture

Integration with existing enterprise systems

Improved task execution time

Global financial control

A Black Box Holding Back Growth

Bonatti’s previous consolidation system had become a constraint rather than an enabler, offering no transparency into account-level details. For a company operating mostly outside Italy, this lack of transparency was amplified by the complexity of multiple sub-consolidations, different accounting standards and geographically distributed teams.

Finance professionals needed to understand the story behind the numbers, drill into details, and collaborate across countries, without being slowed down by a system that felt like a black box.

The Group needed a solution that could consolidate financials while also providing full traceability, support multiple accounting standards, integrate seamlessly with existing systems, and scale alongside its evolving business. Above all, it had to be intuitive and multilingual, giving teams around the world the confidence to manage data with ease.

Bonatti needed to build new way of working: one that combined clarity, flexibility and openness, while remaining ready for future regulatory and business changes.

CASE STUDY

Bonatti Group Achieves Global Financial Clarity

How do you manage finance for a company operating in 95% of the world outside its home country?

20x

Speedup in processes

95%

Reduction in execution time

24

Legal entities managed globally

“Avvale is the ideal partner for developing EPM initiatives – particularly on CCH Tagetik – thanks to its Platinum Partner status and a large team of platform-certified consultants with many years of experience in key finance processes.”