Bazan, Israel’s largest oil refinery, has shorten legal reporting, increased data quality and improved data analysis capabilities thanks to its new SAP Corporate Performance Management platform 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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