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Telit Communications PLC

Telit Communications PLC

Cases

Telit

Telit Communications PLC, a global leader in Internet of Things (IoT) enablement, integrates group reporting and controlling and achieves high efficiencies in financial performance measurement and reporting thanks to a SAP Financial Consolidation platform designed and implemented by Satriun.

Key Facts

  • Organize and integrate consolidation and management reporting
  • Automate manual work such as data interfaces, intercompany reconciliation, Cash Flows, group reporting
  • Shorten closing schedules while increasing data quality

 

The Solution

  • Satriun consulting team with consolidation, controlling, reporting and SAP Enterprise Performance Management software expertise
  • Integrated data model designed
  • SAP Financial Consolidation as one single group platform

 

Key Benefits

  • Fast and accurate monthly data collection
  • Controls is pushed down to legal entities
  • Financial consolidation and management reporting from same source
  • IFRS consolidation and financial statements produced with ease
  • Increased data analysis capabilities

 

We found the optimal solution both with SAP Financial Consolidation as our new group reporting and controlling platform and Satriun as our implementation partner. With their hands-on mentality and truly customer focused approach Satriun did a tremendous job in helping us to achieve our goals on time and in budget.

Yael Hadad

Regional CFO, Telit

TeamViewer

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

ProSiebenSat.1 Group

ProSiebenSat.1 Group

Cases

ProSiebenSat.1

Satriun advised ProSiebenSat.1 during its migration from SAP EC-CS to SAP Financial Consolidation (BFC), and increased the focus on cash flow statement and budgeting & forecasting.

The ProSiebenSat.1 Group is one of the largest independent media corporations in Europe. Free TV financed by advertising is its core business. The ProSiebenSat.1 Group is the number 1 in the German TV advertising market with its stations SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX. In total, the Group reaches about 42 million TV households with its 15 TV stations in Germany, Austria and Switzerland. The ProSiebenSat.1 Group grows in its core business via new TV stations and its HD distribution business that will also develop dynamically in the years to come.

Asklepios

Asklepios

Cases

Asklepios Kliniken

Satriun and Arimor Consulting have redesigned the Asklepios SAP Enterprise Performance Management platform and delivered several specific developments for enhanced management and external reporting.

Asklepios offers high-quality medical care under economic conditions for everyone. The group boasts over 25 years of experience in healthcare and hospital management. At the centre of company activities is the constant development of its competences, a high frequency of innovations, investments and solid financing potential. Asklepios covers the entire spectrum of medical services within the company alliance: Alongside basic, standard and specialised care, specialist hospitals are active in specific fields far beyond the respective supply region. As a carrier of rehabilitation clinics, Asklepios can guarantee complete in-patient treatment from one source and occupies leading positions all over Germany. The range of treatments available is complemented by nursing homes and healthcare centres.

 

Randstad

Randstad

Cases

Randstad

Randstad Group, the leading human resources provider in the world, implements successfully an integrated CCH Tagetik Corporate Performance Management solution in the cloud with the help of Satriun.

Randstad plays a pivotal role in the world of work. Randstad has expanded to 39 countries, representing more than 90 percent of the global HR services market. Following the acquisition of Vedior in May 2008, the Randstad company is now the second largest HR services provider in the world. The Randstad company has 28,030 corporate employees working from 4,587 branches, and employs over 567,700 people every day. Randstad generated revenues of € 16.6 billion in 2013. Randstad Holding NV is headquartered in Diemen, the Netherlands, and is listed on the NYSE Euronext Amsterdam exchange.

Corporate Performance Management

  • Monthly and weekly group data collection
  • Financial consolidation
  • Budgeting and rolling forecasting
  • Cash flow and organic growth reporting
  • Management and Investor Relations reporting
  • Annual and quarterly IFRS reporting

 

Key Facts

  • Randstad Group is the second largest HR Services provider in the world
  • Stock listed as RAND on the AEX of NYSE Euronext Amsterdam
  • € 17.1 billion annual revenues (2012)
  • Consolidation of 465 entities in 32 currencies
  • 450 Tagetik users
  • Headquartered in Diemen, The Netherlands

 

Key Requirements

  • Decentralized intercompany matching process
  • Automated equity consolidation by variation type
  • Integrated bottom-up calculated cash flow statement
  • Integrated organic growth calculations

 

Key Benefits

  • General ledger interfaces with drill-through option
  • More consistent and higher quality data
  • Reduced manual effort during the consolidation process
  • Valuable insight into the origin of cash flow
  • Automated organic growth calculations
  • “Low touch” cloud deployment on-time, on-budge

 

I am very proud that we have delivered the project within the timelines that we had set and within the budget. Tagetik will deliver added value to Randstad Group through its advanced functionality and cloud deployment.

Rob Fenne

Managing Director Group Accounting, Randstad Group

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