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Mokveld

Mokveld

Cases

Mokveld

FCCS / Oracle EPM Cloud

Mokveld, a globally active manufacturer of engineered valve systems, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new corporate performance management cloud platform: FCCS / Oracle EPM Cloud implemented by Satriun.

Key challenges

  • Management- and IFRS reporting from a single source of truth
  • Need to streamline and speed up the reporting process
  • Income statement by nature and by function
  • More focus and automization of cash flow statement and equity consolidation

 

Project highlights

  • Monthly data collection
  • Financial consolidation and management reporting
  • Automated cash flow reporting
  • IFRS consolidated financial statements

 

Key benefits

  • More 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 statements and equity consolidation

 

Our primary goal was to smoothly replace Oracle Hyperion. Satriun’s best practices enabled a streamlining and optimization of our reporting process in Oracle FCCS, including the cash flow statement. Satriun delivered the Oracle FCCS implementation at a high pace while still keeping control over the quality and the cost of delivery.

Sjaak Boeijenga

CFO, Mokveld

Bazan

Bazan

Cases

Bazan Group

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.

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

Viteos

Viteos

Cas

Viteos

Viteos, distributeur neuchâtelois multiénergie, met en place avec succès la solution CCH Tagetik pour l’élaboration de son budget, son plan à long-terme ainsi que pour ses restitutions de gestion.

Enjeux

  • Remplacer le processus d’élaboration budgétaire et la planification à long-terme, tous deux auparavant sous Excel
  • Mettre en place un workflow de saisie et de validation à une échelle opérationnelle
  • Garantir aux utilisateurs une prise en main simple et rapide
  • Interfacer la solution avec le système transactionnel (ERP)

 

Points majeurs

  • Remontée mensuelle de données de réalisé
  • Plan à long terme sur 5 ans
  • Allocation de coûts automatique au réalisé, budget et plan à long-terme
  • Budget et plan à long-terme top-down et bottom-up

 

Bénéfices

  • Effort manuel considérablement réduit lors de l’élaboration budgétaire avec CCH Tagetik
  • Gain en productivité et qualité sur l’analyse des données et la production du reporting
  • Solution ouverte à de nombreux autres développements: reporting des engagés, prévisionnel, consolidation, etc.

 

L’implémentation de CCH Tagetik par Satriun Group a insufflé une nouvelle dynamique, par la structuration des données financières, en offrant un langage commun notamment grâce à des états de restitutions comparables entre les niveaux hiérarchique et les différents services. D’autre part, la formalisation des processus, requise par l’outil, a contribué à améliorer la gestion interne.

Pierre Schweiter

Responsable du service des finances, Viteos SA