Bazan, Israel’s largest oil refinery, shortens legal reporting, increases data quality and improves data analysis capabilities thanks to its SAP Financial Consolidation implemented by Satriun.
- 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
- 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
- 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.
Consolidation, IFRS 16 & ASC 842, Regulatory Support, SAP