{"id":13340,"date":"2021-10-18T12:03:45","date_gmt":"2021-10-18T10:03:45","guid":{"rendered":"https:\/\/www.qintesi.com\/?post_type=portfolio&p=13340"},"modified":"2022-05-04T17:15:40","modified_gmt":"2022-05-04T15:15:40","slug":"an-internationa-experience-roll-in-of-the-german-legal-entities-in-the-group-model","status":"publish","type":"portfolio","link":"https:\/\/www.qintesi.com\/en\/portfolio\/an-internationa-experience-roll-in-of-the-german-legal-entities-in-the-group-model\/","title":{"rendered":"An international experience: Roll in of German legal entities in the group model"},"content":{"rendered":"
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Challenge<\/h4>

A large multinational leader in the Engineering, Construction & Industrial Components sector has entrusted Qintesi with a project aimed at\u00a0integrating the Legal Entities of the German subgroup into its Group model<\/b>, ensuring full\u00a0adoption of local accounting principles (HGB)<\/b>. Despite the particular context determined by the pandemic, the technical\/organizational complexities and the coordination difficulties of the international work team based between Germany and Italy, the project has fully achieved all the objectives set in compliance with the agreed times and costs.<\/p>

\u00a0<\/h4>

Solution<\/h4>

The Roll in of the Legal Entities of the German subgroup was carried out by integrating all logistic processes, Management, Contract and IFRS Reporting into the Group\u2019s SAP model and ensuring the complete adoption of local accounting principles (HGB) in compliance with German tax requirements.<\/p>

The model implemented provides for the\u00a0management of all business processes in an integrated and automatic way through SAP solutions<\/b>\u00a0in the following areas: Accounting and Finance (SAP FI), Controlling (SAP CO), Project Controlling (SAP PS), Supply Chain (SAP MM) , Sales and After Sales (SAP SD), Reporting AFC (SAP BW), Group Consolidation IFRS (SAP BPC), Business Planning and Consolidation (SAP BPC).<\/p>

During the project, the\u00a0interfaces with the numerous external Legacy systems<\/b>\u00a0(inbound and outbound) were also analyzed and implemented.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Results\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tImplementation of local GAAP (HGB) in compliance with the AFC Group model and German tax requirements<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tGreater control of the adoption of Group procedures by the German Legal Entities<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tHarmonization of operational processes<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tNormalization of the data model and management reporting<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tReduction of closing times<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Statement<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    It was a challenging project due to the number of business processes involved, the stringent timing and above all for the management of an international work team in particular conditions caused by the pandemic, which prevented travel and face-to-face meetings. Despite the constraints and complexities of the context, the customer was fully satisfied with the important results achieved.<\/div>\n\t\t\t\n\t\t\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t
    Cinzia Gagliardi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
    Client Account Senior Manager - Qintesi<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Le informazioni contenute in questo documento sono di propriet\u00e0.
    Copyright \u00a9 2014 Qintesi S.p.A. Tutti i diritti riservati.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    Challenge A large multinational leader in the Engineering, Construction & Industrial Components sector has entrusted Qintesi with a project aimed at\u00a0integrating the Legal Entities of the German subgroup into its Group model, ensuring full\u00a0adoption of local accounting principles (HGB). Despite the particular context determined by the pandemic, the technical\/organizational complexities and the coordination difficulties of […]<\/p>","protected":false},"author":3,"featured_media":20160,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"portfolio_category":[],"portfolio_tag":[],"servizi-offerti":[808],"moduli_implementati":[248,250,251,255,812],"settore":[828],"class_list":["post-13340","portfolio","type-portfolio","status-publish","format-standard","has-post-thumbnail","hentry","servizi-offerti-digital-transformation","moduli_implementati-co-en","moduli_implementati-fi-en","moduli_implementati-mm-en","moduli_implementati-sd-en","moduli_implementati-ps-en","settore-engineering-construction-industrial-components-en"],"yoast_head":"\nAn international experience: Roll in of German legal entities in the group model - Qintesi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.qintesi.com\/en\/portfolio\/an-internationa-experience-roll-in-of-the-german-legal-entities-in-the-group-model\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An international experience: Roll in of German legal entities in the group model - Qintesi\" \/>\n<meta property=\"og:description\" content=\"Challenge A large multinational leader in the Engineering, Construction & Industrial Components sector has entrusted Qintesi with a project aimed at\u00a0integrating the Legal Entities of the German subgroup into its Group model, ensuring full\u00a0adoption of local accounting principles (HGB). 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