Developing a Future-Ready Finance Capability

Client

Our client is a global, multi-category consumer goods business operating in over 180 markets with 75 manufacturing facilities.

Key Challenges

• Creating a steppingstone and facilitating the treasury transition to S/4HANA
• Establishing a harmonized global data model and enabling US GAAP forecasting capability
• Building the Foundation for External P&L

Tools and Accelerators Used

• Central Finance Mapping Template
• Data Model
• Journal Upload Tool
• Volume Adjustment Solution

LTM Solution

• We developed a business case and POC for Central Finance, enhanced the global financial data model
• We created a Central Finance Solution Template for global deployment, with a customized solutions for Volume Adjustment and Journal Upload directly into Central Finance
• Implemented real-time data replication from ECC and MDG into CFIN, employed a table comparison approach for 3-way data matching between CFIN, ECC & MDG
• Conducted multiple parallel runs to ensure accuracy and stability along with heightened monthly support and SOPs for seamless month-end cycles.

Business Benefits

• Creating single source of truth using Universal Journal and eliminated FI/CO reconciliations
• Ensured flexibility to accommodate future M&A and finance functionality changes
• US-GAAP and LIFO conformity enabled by CFin for management reporting
• Consolidated stat and management reporting in Group Reporting using SAP's strategic tool
• Adopted futuristic new data model that includes revised Profit Center and removal of Partner Profit Center
• Streamlined intercompany reconciliation with continuous monitoring, direct drill-through, and matching proposals
• Replacement of COPA with CFin's Margin Analysis for more flexible, account-based management reporting
• Improved reporting with Fiori and Embedded Analytics, oering faster, BW-like functionality without data replication