Project Overview
A regional financial services company with $5B in assets needed to modernize their financial management systems to support real-time reporting, regulatory compliance, and global expansion. The company required a robust solution for financial accounting and controlling.
Business Challenges
- Legacy financial systems unable to support real-time reporting
- Complex regulatory compliance requirements (SOX, IFRS, Basel III)
- Manual month-end close processes taking 15+ days
- Limited visibility into profitability and cost centers
- Inability to consolidate financial data across global operations
Our Solution
ImplementIT Solutions delivered a comprehensive SAP S/4HANA Finance implementation with:
- SAP S/4HANA Finance: Universal journal and real-time financial reporting
- SAP Financial Consolidation: Group reporting and consolidation
- SAP Profitability and Performance Management: Advanced cost allocation
- SAP Analytics Cloud: Real-time financial dashboards and planning
- SAP GRC: Governance, risk, and compliance management
Results & Benefits
Real-Time Insights
with universal journal and live reporting
50% Faster
month-end close (from 15 to 7 days)
100% Compliance
with SOX, IFRS, and Basel III
30% Cost Reduction
in financial operations
Technologies Used
SAP S/4HANA Finance
SAP Financial Consolidation
SAP PPM
SAP Analytics Cloud
SAP GRC
SAP Fiori
Case Study
Financial Services
Complete SAP S/4HANA Finance implementation enabling real-time financial reporting, regulatory compliance, and global consolidation.
Client
Regional Financial Services Company
Industry
Financial Services
Project Duration
11 Months
Category
SAP S/4HANA Finance
Location
Global Operations