Transform Finance with SAP S/4 HANA
The company wanted to consolidate the administrative and accounting management of the various international subsidiaries within a single group ERP system. Objectives:
- have consistent and “real-time” information on the financial dynamics of the parent company and foreign subsidiaries.
- be more competitive in its markets
- eliminate other local ERPs and the widespread use of spreadsheets sent by e-mail.
First we equip the company with the latest-generation ERP and then extended its use to the various subsidiaries. The group began the migration to SAP S/4 HANA with the declared aim of acquiring decision-making support in real time and being more responsive to international markets. The revision of processes within the new S/4 HANA platform made it possible to:
View payables and receivables of the various international companies at group level
Take advantage of “local” modules and sub-modules that correspond to the specific needs (regulatory and functional) of the territorial branches
Manage your accounts and close your books easily and in real time
Display timely and real-time reports (Simple Finance)
Solicit payments automatically with different degrees of escalation
Create a Payment Proposal and enable payment of multiple invoices from multiple customers
Build up your customers’ bank database.
- Single source of live data with a high degree of granularity
‘digital control tower’ provides a real-time view of financial data across the group and allows profitability analysis according to origin and production facility
Increased employee productivity through readily available and relevant information
Increased capacity for analysis and decision making through the availability of real-time data
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