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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

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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Expertise

Cash Flow, CCH Tagetik, Change Management, Consolidatie, IFRS 16, Onderhoud en support, Planning en Budgeting, Regulatory Support

Cliënt

Agfa-Gevaert Group

Holcim

Holcim

Cases

Holcim SAP Financial Consolidation

Satriun and Ginini antipode successfully delivered the Holcim SAP Financial Consolidation group consolidation after Lafarge integration. We covered combined group reporting, merger of the group consolidation and reporting, SAP Financial Consolidation and Financial Information Management systems updates and change management.

Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

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Expertise

Change Management, Consolidatie, Planning en Budgeting, Regulatory Support, SAP

Cliënt

LafargeHolcim