SAP BP master data management turns into a quick and easy process with SAP Business Technology Platform
Challenge Establish a consistent and harmonized master data management strategy across all areas of the organization, integrating customized authorization workflows in both master data creation and modification. The process also needed to simplify enterprise data management, increase information accuracy. Identify a centralized solution that would provide an effective level of automation to capture, control and […]
IFRS17: the goal of a long path based on collaboration
Challenge The adoption of Accounting Standard IFRS17 represents, for anyone, a very complex and ambitious project for many reasons. Because it requires a radical transformation of the insurance financial statement construction perspective, accompanied by several valuation models (VFA, GMM and PAA) whose implementation requires significant efforts both in implementation and in testing and parallel run. […]
Migration and consolidation of Treasury into group accounting system in SAP S/4HANA suite
Challenge A major international player in the Pharma sector based in Italy, within a project to overhaul its treasury processes, expressed the need to converge the Group’s current Treasury workstation system, implemented on an SAP S/4HANA system in release 1709, within the Group’s main accounting system, implemented on an SAP S/4HANA in release 1809. […]
Adoption IFRS review CoA and SAP RE-Fx for application of IFRS16 accounting standard in lease management.
Challenge An important international player in the Pharma sector based in Italy, within a project of revision and optimization of its accounting processes, expressed the need to refine and optimize as much as possible the Chart of Accounts and integrate the management of leasing contracts subject to IFRS16, within its SAP S/4HANA management software, using […]
Porting group treasury from SAP S/4HANA 1909 to SAP S/4HANA 2021
Challenge The Client, operating in the Chemical & Biopharma sector, as part of the ERP system conversion, expressed the need to port the already installed Treasury solution to SAP S/4HANA 1909 in a “sidecar” scenario. To better understand the project aim, it is necessary to describe the initial context, marked by the co-presence of 2 […]
NAV Cockpit in SAP Financial Asset Management (FAM)
Challenge The client, a major international insurance player, in the path of digital transformation of its applications expressed the need to divest its asset management system and replace it with an integrated modular solution to be able to manage these processes through the SAP suite alone, already present at the Group level. Specifically, a series […]
Optimization of the internal management of leases subject to IFRS16
Challenge An important European insurance group, in the context of the optimization of accounting processes, has decided to introduce in its technological platform the management of the IFRS16 principle which, starting from 2019, has replaced IAS17 in the discipline of leasing for subjects who prepare financial statements according to international accounting principles.The IFRS16 standard establishes […]
Optimized management of final and prospective group liquidity with BW/4HANA / BPC and SAC
Challenge The growing importance of financial management motivates and pushes companies to continuously invest in technological improvement in order to optimize the reliability and quality of the information produced. In this context, an integrated information system takes on more and more value by becoming the “central storage” of all heterogeneous and relevant information for monitoring […]
