Global Consumer Electronics Company
Consumer Electronics Industry SAP BW/BPS/BCS
Quick Facts
Quick Facts
- Global Headquarters: Amsterdam, Netherlands
- Industry: Consumer Electronics
- Products and Services: Manufacturer and sales of consumer electronics appliances
- Employees: 80,000 (worldwide, 2020)
- Best in Finance and Finance Excellence Program
- Full integration of data model, consolidation, planning and reporting process with SAP BW/BPS/BCS
Specifications
Challenges and Opportunities
- Desire to become best-in-class on finance:
- Optimize Fast Close (Easy close)
- Lack of standardization between product divisions; difficulty in collecting data
- High dependency on manual input
Objectives
- Increase data quality and reliability
- Improve data integration between product divisions and head-office
- Shorten Closing & Reporting cycle time
Implementation Highlights
- Strong vision on Harmonization and IT integration
- Project Leads for Best in Finance (all projects), for business implementation / IT architects and SAP consultants from one provider
- Complete re-design functional processes up and downstream (consolidation, accounting and reporting)
Why SAP
- Complete end-to-end closing process
- Full integration of closing, consolidation and reporting/planning functionality
- Aligned IT-architecture in Group and Divisions
Benefits
- Fast close – from 15 days to 7 days
- Full integration and alignment of accounting, consolidation, reporting and planning data
- Harmonized data model and accounting requirements across the company
- Harmonized reporting across the company
- Replacements divisional IT solutions into one Global infrastructure
- Reduction of Finance costs of 15%
- Reduction IT-Support costs 20%
- First time right % up to 90%
- Reduction of organizational reporting entities (1.200 to 800)
- Increased global data integrity
- Global changeover from US GAAP to IFRS
- Outsourced entity consolidation