Cases
Bazan SAP Financial Consolidation implementation
Bazan, Israel’s largest oil refinery, shortens legal reporting, increases data quality and improves data analysis capabilities thanks to its SAP Financial Consolidation implementation by Satriun.
Key Facts
- Replacing the spreadsheet-based consolidation process by a sustainable tool and a new process
- Industrialize the production of the numerous output reports
- Shorten reporting schedules while increasing data quality
The Solution
- Satriun consulting team with consolidation, reporting and SAP Enterprise Performance Management software expertise
- SAP Financial Consolidation as one single group platform for management and statutory consolidation and reporting
- Data integration with SAP Financial Information Management Reporting ‘Last Mile’ with SAP Disclosure Management
Â
Key Benefits
- Fast and accurate quarterly data reporting
- IFRS consolidation and financial statements produced with ease, including automated Cash Flow Statement
- Full connectivity between SAP ECC – SAP FC – SAP DM – A com-plete ‘Close-to-Disclose’ process
Satriun combines excellent knowledge of both group accounting and SAP EPM solutions. That was a critical success factor of our project. Our choice for SAP and Satriun proved right and allowed us to deliver on-time a modernized IFRS reporting while increasing the quality and confidence in our financial statements.
Expertise
Consolidation, IFRS 16 & ASC 842, Regulatory Support, SAP
Client
Bazan Group
