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Accell Group

Accell Group

Cases

Accell Group

Satriun advised Accell Group on the optimization of cash flow reporting and equity consolidation processes in its Oracle HFM application, including the delivery of functional end-user documentation.

Accell Group focuses internationally on the mid-range and higher segments of the market for bicycles, bicycle parts and accessories and fitness equipment. In Europe, Accell Group is market leader in the bicycle market in terms of revenue. Accell Group and its subsidiaries employ approximately 2,800 people worldwide in eighteen countries. Accell Group generated revenues of € 849 million in 2013. Accell Group NV is headquartered in Heerenveen, the Netherlands, and is listed on the NYSE Euronext Amsterdam exchange.

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Expertise

Cash Flow, Change Management, Consolidatie, IFRS 16

Cliënt

Accell Group

Bazan

Bazan

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

 

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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Expertise

Consolidatie, IFRS 16, Regulatory Support, SAP

Cliënt

Bazan Group

Bobst

Bobst

Cases

Application Maintenance and Support services at Bobst

Satriun provides SAP Financial Consolidation Application Maintenance and Support services to Bobst Group. Our professional AMS team of consultants supports the group consolidation and reporting team in improving the application and meeting reporting standards and deadlines.

BOBST is the world’s leading supplier of machinery and services to packaging manufacturers in the folding carton, corrugated board and flexible material industries.

Founded in 1890 by Joseph Bobst in Lausanne, Switzerland, BOBST has a presence in more than 50 countries, runs 11 production facilities in 8 countries and employs over 4 800 people around the world. The firm recorded a consolidated turnover of CHF 1.3 billion for the year ended December 31st, 2014.

 

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Expertise

Consolidatie, Onderhoud en support, Planning en Budgeting, SAP

Cliënt

Bobst

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, Consolidatie, IFRS 16, Onderhoud en support, Planning en Budgeting

Cliënt

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 en Budgeting, SAP

Cliënt