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The client is a Japanese group of manufacturing companies with annual revenues of approximately ¥600,000 million.
The Japanese manufacturer turned to Accenture for help in implementing a financial consolidation suite that would integrate tightly with its SAP enterprise resource planning (ERP) software. In particular, the group sought a system that would allow it to quickly and easily consolidate and analyze financial information from its ERP system to enable better decision-making.
The group also wanted to simplify the complex consolidation logic around areas such as unrealized profit elimination and capital consolidation in order to save time and increase efficiencies for its accounting department.
Accenture was chosen to lead the financial consolidation project based on its strong existing relationship with the manufacturing group. Having worked closely with the Japanese group on the implementation of the ERP system, Accenture had a strong grasp on its business challenges and dynamics.
The consolidation solution was based on SAP’s BusinessObjects Financial Consolidation software and the BusinessObjects Financial Information Management extraction, transformation and loading toolset. Accenture, working with a client team and leveraging its BusinessObjects skills and assets, was able to implement the solution by the targeted completion date.
The new financial consolidation software is now being used across all operating companies within the manufacturing group’s global business to provide management with quick and detailed insight into consolidated data.
The solution helps to promote faster and more accurate management decisions by presenting complex accounting information in a visual format that makes it easier to identify data trends. It also allows group management to drill back into the data in each individual company’s ERP system.
An immediate benefit of the solution is that it automates the process of consolidating financial reporting, reducing the manual workload for the finance department while improving the accuracy of information for management accounting.
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