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Bazan

Bazan

Cases

Bazan Group

Bazan, Israel’s largest oil refinery, shortens legal reporting, increases data quality and improves data analysis capabilities thanks to its SAP Financial Consolidation implemented 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

 

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.

Shai Abramovich

Head of Accounting Division, Bazan

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Agfa-Gevaert Group

Cases

Agfa-Gevaert Group

The Agfa-Gevaert Group develops, produces and distributes an extensive range of imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.

Agfa’s headquarters and parent company are located in Mortsel, Belgium. The Group’s operational activities are divided in four divisions: Offset Solutions, Digital Print & Chemicals, Radiology Solutions, and HealthCare IT. All divisions have strong market positions and well-defined strategies.

Agfa’s largest production and research centers are located in Belgium, the United States, Canada, Germany, France, the United Kingdom, Austria, China and Brazil. Agfa is commercially active worldwide through wholly owned sales organizations in more than 40 countries. In countries where Agfa does not have its own sales organization, the market is served by a network of agents and representatives.

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Vétoquinol

Vétoquinol

Cases

Vétoquinol

Satriun implemented the SAP Financial Consolidation (BFC) and IFRS 16 solutions at Vétoquinol. SAP BFC is used for the group IFRS consolidation and management reporting

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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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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Sogécap

Sogécap

Cases

Sogécap

Satriun experts were part of Sogécap’s SAP Financial Consolidation (BFC) Solvency II testing and homologation team. The team built test plans for the EIOPA-regulated reporting and documents the Quantitative Reporting Templates required by the French Prudential Supervisory Authority – at the same time building a testing referential for the evolutions to come.

Sogécap is the Société Générale group’s life insurance and savings company. Sogécap designs innovating and high performance products to suit the savings, personal and payment protection requirements of private individuals and companies. These products are distributed through the Société Générale branch network. Within the insurance business line of the Société Générale Group, Sogécap works in close synergy with Sogessur, the non-life insurance company dedicated to the development of motor, home and GAV accident insurance.

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