The Challenge:
Our Client, a multinational global positioning systems manufacturing company, was struggling with legacy financial processes across different regions. Their legacy systems lacked integration, leading to data inconsistencies, manual work, and limited visibility. To achieve their ambitious global expansion plans, they needed a centralized and robust financial management solution like SAP.
The Solution:
Ridali’s consultant was brought in to implement SAP, encompassing General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP), and Fixed Assets modules. Our consultant integrated with SI partners and tackled this complex project with a multi-pronged approach:
- Streamlining Processes: We reviewed and mapped legacy processes, recommending improvements to enhance efficiency and compliance with global standards.
- Custom Development and Integration: Our team configured SAP FI modules and developed custom functionalities to meet Client’s specific needs. We also integrated the system with Procurement-to-Pay (PTP) and Order-to-Cash (OTC) processes for seamless financial flow.
- Knowledge Transfer: We conducted ERP/SAP awareness workshops to educate stakeholders across the globe on SAP functionalities and best practices, ensuring user buy-in and smooth adoption.
- Expert Guidance: Throughout the project, our consultant guided the development of conversion programs and set up withholding tax mechanisms for international vendors. Additionally, they played a key role in defining testing strategies, finalizing cutover plans, and ensuring a successful go-live.
The Impact:
With the implementation of SAP, the Client achieved significant improvements:
Increased Efficiency
Automated workflows and standardized processes minimized manual tasks, saving time and resources.
Improved Visibility
Real-time access to consolidated financial data across the globe provided better control and decision-making capabilities.
Global Expansion Support
SAP’s scalability paved the way for the Client to confidently pursue their international growth strategy.
Enhanced Compliance
Streamlined processes and automated controls ensured adherence to global financial regulations.
Beyond the Numbers:
Our Consultant’s leadership was instrumental in navigating the complexities of an international project. They effectively managed a team of resources, developed a comprehensive work plan, and kept all stakeholders informed.
This successful SAP FI implementation is a testament to Ridali’s expertise in driving digital transformations and empowering businesses with cutting-edge financial solutions.