The Challenge: Imagine managing the finances of a global entertainment powerhouse – a company that creates movies, TV shows, and video games that are enjoyed by audiences worldwide. This was the reality for one of our clients, a leader in the entertainment industry. Their challenge? Streamlining their Purchase-to-Pay (P2P) and Record-to-Report (RTR) processes, which involved many manual tasks and legacy unimproved systems.
Ridali’s Consulting Endevor: A Proactive Project Management
Ridali’s Technical Project Manager (TPM), stepped in and understood the complexities of their P2P/RTR operations and the impact on their overall integrated systems landscape. TPM’s expertise in SAP FI/CO and P2P area was instrumental in tackling this challenge.
The Multifaceted Approach
TPM’s approach was multifaceted. First, conducting a thorough analysis of client’s existing processes. This revealed a labyrinth of manual workflows, siloed data, and a lack of integration with critical systems like international banking and payment platforms. This lack of automation led to delays, inaccuracies, and increased operational costs.
Taking Control: Planning, Configuration, and Integration
Equipped with this knowledge, TPM embarked on a multi-pronged strategy:
- Planned for the Future: Developed multi-dimensional project estimates, identified critical milestones, and defined resource requirements for each phase.
- Mastered the Details: Led configuration efforts for FI/AP/Banking/Procurement tasks within SAP FI/CO, ensuring all activities aligned with their functional requirements.
- Integrated for Efficiency: Championed the upgrades in integration of various systems, including international banking, payments, workflow, imaging & scanning, P2P, shopping cart (SRM), and custom reports.
- Led the Team: Managed multiple enhancement projects while maintaining a tight grip on time, cost, and quality. Mitigating risks became a key part of your strategy.
- Championed Change: Drove the change request process through the organization, coordinating with various teams and guiding both functional and technical personnel.
The Results: A Long Lasting Success
TPM’s meticulous planning, leadership, and technical expertise transformed systems & processes at our client.
Reduced Costs
Automation eliminated manual tasks, streamlining operations and reducing overall expenditure.
Improved Accuracy
Streamlined data flow and integrated systems minimized errors and ensured data integrity.
Enhanced Visibility
Real-time access to financial information empowered better decision-making.
Increased Efficiency
Faster turnaround times for P2P activities improved business agility.
A Client Satisfied
This client success story showcases the power of Ridali’s expert project management and SAP expertise. By bringing these elements together, we helped a leading entertainment company achieve financial harmony.