Enhancing OTI Processes with FIORI

Background :

Our client, a prominent global measurement and data analytics company, boasts a remarkable international presence, with operations spanning over 100 countries. With a workforce exceeding 35,000 employees worldwide, the organization serves a diverse range of industries. Given their expansive reach and multifaceted services, the efficiency of their financial processes, especially intercompany accounting, is of paramount importance.

Objective

The FIORI project aimed to enhance the intercompany accounting process by seamlessly integrating it with SAP and providing real-time transparency. The goal was to expedite month-closure, ensure compliance, improve productivity, and empower finance leaders with actionable insights.

Challenges

• Isolated intercompany process on SharePoint, lacking SAP integration
• Overwhelming intercompany transactions posed management challenges
• Absence of integration resulted in unbalanced accounts affecting financial statements
• International compliance issues
• Monthly closing process delays

Solutions

• FIORI streamlined intercompany processes
• Users could create, approve, review, and reconcile transactions in real time 
• Data seamlessly integrated with FICO for financial consolidation

Benifits

• Accelerated Monthly Closures
• Error Prevention
• Improved Productivity
• Real-Time Analysis
• Enhanced Legal Compliance
• Data-Driven Intelligence