Q-Park was looking for a unified, scalable approach to financial planning—enabling countries to budget more efficiently while reducing manual workload. Streamlining group-level consolidation was also key, ensuring faster and more reliable financial insights.
Q-Park is one of Europe’s leading parking service providers, offering high-quality facilities in city centers, at hospitals, shopping malls, and mobility hubs. The company operates in countries such as the Netherlands, Belgium, Germany, France, the United Kingdom, Ireland and Denmark. Q-Park focuses on quality, convenience and sustainability in urban mobility and invests in innovative parking solutions, such as digital access control and EV charging infrastructure.
The challenge: complexity through growth and diversity
Q-Park operates in seven countries and offers various parking services, including EV charging. Rapid growth and bold acquisition ambitions added to the complexity of financial planning. Each region used its own budgeting methods, making consolidation time-consuming and error-prone. Excel was no longer adequate, and a more efficient and future-proof solution was needed.
The solution
Finext guided the implementation of Board, an integrated platform for budgeting, forecasting and consolidation. Thanks to its smooth integration with existing systems, financial teams across Europe can easily collaborate. Every September, controllers from all countries kick off the budgeting process in Brussels—drafting an initial version within a single day.
The result: more control, less manual work
Q-Park has regained control over its budgeting and forecasting process. Budgets from all countries are consolidated centrally at headquarters in Maastricht - crucial for the investor behind Q-Park. Consolidation is more efficient, making financial insights available more quickly and reliably.
With the implementation, a scalable and unified approach to financial planning now stands. Now that Board has been implemented, the focus of this collaboration shifts to continuous improvement: keeping forecasting and budgeting in sync, and actively training key users in all countries to keep the process running smoothly.
Specifically, what did we address?
- Unified and efficient budgeting - Less time spent and less susceptibility to error.
- Improved forecasting - A structured approach for better forecasting.
- Deeper financial insights - CAPEX planning and lease accounting integrated.
- Smart cost allocation - Overhead and training costs better allocated by location.
- Master data management & analysis - Like-for-like comparisons between parking garages.
''Finext's step-by-step approach created structure, workflow and a standardized planning process for the entire company.''
Bas van Es, Head of Business Control at Q-Park
WhyFinext?
Q-Park chose Finext because of our expertise and pragmatic approach. We took over from Sonum and ensured both continuity and innovation. We not only work with the best tools, we also help clients build a rhythm and structure that works. And that in a pleasant cooperation - with good food and a strong relationship as the foundation.
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