Transform Finance with SAP S/4 HANA
Company Profile
The Need
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.
The Solution
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.
The Benefits
- Single source of live data with a high degree of granularity
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‘digital control tower’ provides a real-time view of financial data across the group and allows profitability analysis according to origin and production facility
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Increased employee productivity through readily available and relevant information
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Increased capacity for analysis and decision making through the availability of real-time data
