Automation of international financial reporting

BI strategy consulting & implementation

Industry: Technology group
Headquarters: Hanover

The ISR customer has a complex SAP BW system, which is used to harmonize several SAP ERP and MS Dynamics systems.
Comprehensive financial reporting across all legal entities is created with a high degree of manual effort.
Different accounting requirements must be harmonized and the preparation of comprehensive financial reporting must be automated.

A BI maturity assessment was carried out in advance in order to develop a sustainable BI strategy that enables efficient reporting.

Recording of the current status in the areas of architecture, data, users, and key figures & processes
Europe-wide planning and implementation of ISR maturity assessment
Derivation of a strategy and roadmap for specific optimization activities
Recommendations for action to harmonize operational systems and modernize analytical systems technologically

Transparent picture of the situation regarding BI & analytics in the company
Broad acceptance of necessary measures and BI roadmap through the involvement of all national subsidiaries
Customized recommendations for action with reference to the current BI & Analytics landscape
Clear commitment from all parties involved to cooperate in implementing the BI strategy
Setup of a Europe-wide reporting process for around 30 countries to reduce monthly workload and improve information quality
Improving the harmonization, standardization, and automation of financial reporting in all European countries
Harmonized financial reporting of global KPIs for balance sheet, income statement, assets, stock, and purchases
Standardization of profitability reporting in relation to net sales, cost of sales for product and customer segments, and internal organizational units
Establishment of a uniform global chart of accounts for uniform group reporting with drill-down analysis options down to account/document level
Setup of uniform calculation logic for financial KPIs
Setting global standards for chart of accounts, product and customer attributes, commission expenses, profit center and cost center hierarchies, and contract types