Bazan

Cases

Bazan Group

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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Expertise

Cash Flow, Change Management, Consolidation

Client

Bazan Group

Agfa-Gevaert Group

Cases

Agfa-Gevaert Group

The Agfa-Gevaert Group develops, produces and distributes an extensive range of imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.

Agfa’s headquarters and parent company are located in Mortsel, Belgium. The Group’s operational activities are divided in four divisions: Offset Solutions, Digital Print & Chemicals, Radiology Solutions, and HealthCare IT. All divisions have strong market positions and well-defined strategies.

Agfa’s largest production and research centers are located in Belgium, the United States, Canada, Germany, France, the United Kingdom, Austria, China and Brazil. Agfa is commercially active worldwide through wholly owned sales organizations in more than 40 countries. In countries where Agfa does not have its own sales organization, the market is served by a network of agents and representatives.

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Expertise

Cash Flow, Change Management, Consolidation, IFRS 16, Maintenance and Support, Planning and Budgeting

Client

Agfa-Gevaert Group

TeamViewer

Cases

Teamviewer

TeamViewer, world’s most downloaded remote support solution, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new CCH Tagetik Corporate Performance Management platform implemented by Satriun Group.

Key Challenges

Interfaces to accounting solutions Datev and Quickbooks
Need to streamline and speed up the reporting process
Income statement by nature and by function
More focus on cash flow and budgeting & planning

Project Highlight

Monthly data collection
Financial consolidation and management reporting
Automated cash flow reporting
IFRS consolidated financial statements in Tagetik CDM

Key Benefits

More local 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

We found the optimal solution both with Tagetik as our new corporate performance management system and Satriun Group as our implementation partner. With their hands-on mentality and truly customer focused approach Satriun Group did a tremendous job in helping us to achieve our goals on time and in budget.

Stephan Kniewasser

CFO, Teamviewer

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Expertise

Cash Flow, Change Management, Consolidation, CPM Tool Selection, Expertise, Maintenance and Support, Planning and Budgeting

Client

TeamViewer

C. Steinweg Handelsveem

Cases

C. Steinweg – Handelsveem

Satriun assisted C. Steinweg Handelsveem with optimizing its CCH Tagetik application and the increased requirements for cash flow reporting, higher data quality and functional end-user documentation. Satriun implemented as well the CCH Tagetik IFRS 16 module for Lease Accounting.

C. Steinweg Handelsveem (“Steinweg”) is a service provider in the field of storage, handling, forwarding, chartering and other related logistics services. The organisation is well recognised and respected by all parties involved in the commodity trade business. The company was founded in December 1847 as a shipping agent. Today, Steinweg is a global organization with offices in, amongst others, Rotterdam, Antwerp, Houston, Singapore, Shanghai, and Johannesburg. Steinweg is a privately owned company.

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Expertise

Cash Flow, Change Management, Consolidation, Expertise, IFRS 16, Maintenance and Support, Planning and Budgeting

Client

C. Steinweg Handelsveem

Accell Group

Cases

Accell Group

Satriun advised Accell Group on the optimization of cash flow reporting and equity consolidation processes in its Oracle HFM application, including the delivery of functional end-user documentation.

Accell Group focuses internationally on the mid-range and higher segments of the market for bicycles, bicycle parts and accessories and fitness equipment. In Europe, Accell Group is market leader in the bicycle market in terms of revenue. Accell Group and its subsidiaries employ approximately 2,800 people worldwide in eighteen countries. Accell Group generated revenues of € 849 million in 2013. Accell Group NV is headquartered in Heerenveen, the Netherlands, and is listed on the NYSE Euronext Amsterdam exchange.

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Expertise

Cash Flow, Change Management, Consolidation, Expertise, IFRS 16

Client

Accell Group

More knowledge, more insights, better performance

Maintenance and Support

Cash Flow

Change Management

Consolidation

CPM Tool Selection

IFRS 16

Integrated Reporting

Planning & Budgeting

Regulatory Support

Starterkits

Leaders in CPM Technology

Anaplan

CXO

OneStream

Oracle

SAP

Tagetik

Bazan

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Agfa-Gevaert Group

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TeamViewer

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C. Steinweg Handelsveem

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Accell Group

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