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C. Steinweg Handelsveem

C. Steinweg Handelsveem

Cases

C. Steinweg – Handelsveem

Satriun assisted C. Steinweg Handelsveem with optimizing its CCH Tagetik application and the increased requirements for cash flow reporting, higher data quality and functional end-user documentation. Satriun implemented as well the CCH Tagetik IFRS 16 module for Lease Accounting.

C. Steinweg Handelsveem (“Steinweg”) is a service provider in the field of storage, handling, forwarding, chartering and other related logistics services. The organisation is well recognised and respected by all parties involved in the commodity trade business. The company was founded in December 1847 as a shipping agent. Today, Steinweg is a global organization with offices in, amongst others, Rotterdam, Antwerp, Houston, Singapore, Shanghai, and Johannesburg. Steinweg is a privately owned company.

 

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Expertise

Cash Flow, Change Management, Consolidation, IFRS 16 & ASC 842, Maintenance and Support, Planning & Budgeting

Client

C. Steinweg Handelsveem

Coca-Cola Europacific Partners

Coca-Cola Europacific Partners

Cases

Coca-cola Europacific Partners SAP Profitability and Cost Management implementation

Satriun successfully realised the SAP Profitability and Cost Management solution implementation at Coca-Cola Europacific Partners. SAP PCM is used for product costing, highly integrated to the sources of data, well-performing and efficient to manage the process of generating, updating, iterating and maintaining the full set of standard costs.

Coca-Cola Europacific Partners plc, formerly Coca-Cola European Partners, is the world’s largest independent Coca-Cola bottler based on revenue and the leader in one of the largest FMCG sectors worth $100 billion, providing the largest choice of leading brands and a wide choice of high quality drinks, with or without sugar and calories to over 300 million consumers. The London-based multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless across multiple European markets as well as Australia, Indonesia and Pacific territories.

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Expertise

Planning & Budgeting, SAP

Client

Mokveld

Mokveld

Cases

Mokveld

FCCS / Oracle EPM Cloud

Mokveld, a globally active manufacturer of engineered valve systems, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new corporate performance management cloud platform: FCCS / Oracle EPM Cloud implemented by Satriun.

Key challenges

  • Management- and IFRS reporting from a single source of truth
  • Need to streamline and speed up the reporting process
  • Income statement by nature and by function
  • More focus and automization of cash flow statement and equity consolidation

 

Project highlights

  • Monthly data collection
  • Financial consolidation and management reporting
  • Automated cash flow reporting
  • IFRS consolidated financial statements

 

Key benefits

  • More ownership over data and reporting
  • More consistent, higher quality and better auditable data
  • Reduced manual effort during the consolidation process
  • Valuable insight into cash flows statements and equity consolidation

 

Our primary goal was to smoothly replace Oracle Hyperion. Satriun’s best practices enabled a streamlining and optimization of our reporting process in Oracle FCCS, including the cash flow statement. Satriun delivered the Oracle FCCS implementation at a high pace while still keeping control over the quality and the cost of delivery.

Sjaak Boeijenga

CFO, Mokveld

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Expertise

Consolidation, Oracle

Client

Mokveld

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Vétoquinol

Vétoquinol

Cases

SAP Financial Consolidation implementation at Vétoquinol

Satriun implemented the SAP Financial Consolidation (FC) and Satriun Lease Management solutions at Vétoquinol. SAP FC is used for the group IFRS consolidation and management reporting while Satriun Lease Management is fully integrated with SAP FC and supports the IFRS 16 compliance of the group.

The 10th largest veterinary pharmaceutical company in the world, Vétoquinol is first and foremost an independent, family-owned business. Deeply committed to its values, it has always enjoyed a close relationship with its vet clients. Vétoquinol’s growth and development strategy focuses on innovation and finding the right balance between two major markets: companion animals and livestock, bred for human food. Historically based in France, Vétoquinol develops, produces and distributes a wide range of more than 700 medical and non-medical products in Europe, Americas and Asia-Pacific. With a presence in 24 countries through its subsidiaries, its strong network of 140 distributor partners provides visibility for its products in more than 100 countries.

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Expertise

Consolidation, IFRS 16 & ASC 842, SAP, Satriun Lease Management

Client

Vétoquinol

Telit Communications PLC

Telit Communications PLC

Cases

Telit

Telit Communications PLC, a global leader in Internet of Things (IoT) enablement, integrates group reporting and controlling and achieves high efficiencies in financial performance measurement and reporting thanks to a SAP Financial Consolidation platform designed and implemented by Satriun.

Key Facts

  • Organize and integrate consolidation and management reporting
  • Automate manual work such as data interfaces, intercompany reconciliation, Cash Flows, group reporting
  • Shorten closing schedules while increasing data quality

 

The Solution

  • Satriun consulting team with consolidation, controlling, reporting and SAP Enterprise Performance Management software expertise
  • Integrated data model designed
  • SAP Financial Consolidation as one single group platform

 

Key Benefits

  • Fast and accurate monthly data collection
  • Controls is pushed down to legal entities
  • Financial consolidation and management reporting from same source
  • IFRS consolidation and financial statements produced with ease
  • Increased data analysis capabilities

 

We found the optimal solution both with SAP Financial Consolidation as our new group reporting and controlling platform and Satriun as our implementation partner. With their hands-on mentality and truly customer focused approach Satriun did a tremendous job in helping us to achieve our goals on time and in budget.

Yael Hadad

Regional CFO, Telit

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Expertise

Consolidation, IFRS 16 & ASC 842, Regulatory Support, SAP

Client

Telit Communications PLC