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GE Grid Solutions

GE Grid Solutions

Cases

GE Alstom Grid

Satriun supported Alstom Grid (now GE) in improving its management reporting and its SAP BFC platform. We carry on accompanying GE Alstom in the integration of the Grid business within the GE group and migrating from SAP BFC to Oracle HFM.

Grid Solutions, a GE and Alstom joint venture, is serving customers globally with more than 20,000 employees in approximately 80 countries. Grid Solutions equips 90% of the power utilities worldwide to bring power from the point of generation to end power consumers. With over 200 years combined experience in providing advanced energy solutions, our products and services enable more resilient, efficient and reliable power systems.

 

Coca-Cola İçecek

Coca-Cola İçecek

Cases

Coca-Cola Içecek

Satriun consultants implemented Coca-Cola Içecek’s IFRS Consolidation, Budget, Planning, Rolling Forecasting and Management Reporting SAP Financial Consolidation (BFC) platform.

Coca-Cola İçecek (CCI) is the 6th largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.

CCI employs 11,000 people and has a total of 23 plants, offering a wide range of beverages to a consumer base of close to 370 million people. In addition to sparkling beverages, the product portfolio includes juice, water, sports and energy drinks, tea and iced teas.

 

Cable Connectivity Group

Cable Connectivity Group

Cases

OneStream solution implementation at Cable Connectivity Group

Cable Connectivity Group, a European leader active in the production, distribution and assembly of specialty cables and cable connectivity solutions, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new OneStream XF corporate performance management cloud platform implemented by Satriun.

Key challenges

  • IFRS-based financial consolidation and reporting
  • Actual data acquisition from 12 different data sources
  • Budget and forecast data acquisition
  • Financial statements, IFRS disclosure notes and non-financial performance indicators
  • Focus on and automation of cash flow statement and short-term cash flow planning

 

Project highlights

  • Monthly consolidation incl. equity pick-up & automatic equity consolidation incl. CTA
  • Senior Facility Agreement (SFA) compliancy and SFA-specific cash flow statement
  • Integrated data model for IFRS- and management reporting purposes
  • Weekly cash planning, 13 weeks rolling forward
  • Tax accounting including generation of tax journals to be posted in general ledgers

 

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
  • One integrated data model and platform as a single source of truth

We were keen to use the momentum of replacing IBM Cognos Controller with OneStream XF to enhance our financial consolidation and reporting processes and methodologies. Satriun has demonstrated their capabilities to advise us with best practices, enabling us to consolidate and report faster and with increased value added to our board of management.

Geert-Jan Ottenheym

Group Controller , Cable Connectivity Group

Talpa TV

Talpa TV

Cases

Talpa TV

Satriun helped Talpa TV in the migration from Oracle Hyperion Enterprise to CCH Tagetik, expanding the application with cost center details and providing tools for effective rolling forecasting of income statement, cash flow statement and balance sheet. In addition, the management reporting pack was improved.

Talpa TV (formerly known as SBS Broadcasting BV (“SBS”)) is a full media company that owns Dutch commercial TV channels SBS6, Net5 and Veronica. In addition, Talpa TV owns the publishing rights for Veronica Magazine and TotaalTV. Talpa TV also owns its own TV production company. Talpa TV is headquartered in Amsterdam, The Netherlands.

 

SBM Offshore

SBM Offshore

Cases

SBM Offshore

Satriun supported the SBM Offshore SAP Financial Consolidation (BFC) platform of the group and the monthly close and reporting processes.

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation and has unrivalled operational experience in this field. The Company’s main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis. Group companies employ approximately 7,000 people worldwide. Full time company employees totaling 4,900 are spread over five regional centers, eleven operational shore bases and the offshore fleet of vessels. A further 2,100 are working for the joint ventures with several construction yards.