Enhancing OTI Processes with FIORI
Discover our success with the FIORI project – a strategic initiative revolutionizing intercompany accounting. Explore the seamless integration with SAP, unlocking real-time transparency and efficiency.
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.
Business Challenges
Isolated intercompany process on SharePoint, lacking SAP integration
Absence of integration resulted in unbalanced accounts affecting financial statements
Monthly closing process delays
Overwhelming intercompany transactions posed management challenges
International compliance issues
Our 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
Enhanced Legal Compliance
Data-Driven Intelligence
Real-Time Analysis
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We can make transformations happen together with our insight-driven thinking.
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