Challenge: A leading multi-brand, multi-entity corporation was struggling with siloed finance processes and integrations across its various divisions. Manual workflows and a lack of integration between disparate systems led to inefficiencies, errors, and difficulty generating accurate reports.
Solution: Ridali’s Consultant partnered with the client to design and implement a comprehensive finance transformation initiative. This included:
- Streamlined Processes: Workshops across accounts payable (AP), accounts receivable (AR), general ledger (GL), Tax, and Fixed Assets, identified process bottlenecks and opportunities for improvement. Streamlined workflows to enhance efficiency and accuracy.
- Modernized Systems: Leveraging Agile and SAP’s ASAP/Activate methodologies, we led several key SAP maintenance and integration projects. This involved integrating core SAP modules (SD/OTC, MM/PTP, HCM, Logistics) with point-of-sale systems, e-commerce platforms, and external systems like Coupa and Tango.
Impact
Enhanced Tax Reporting
We collaborated with the tax department to generate specialized tax audit reports directly from SAP, enabling seamless electronic submission to French government tax authorities.
Improved Payment Processing
We successfully revamped the Concur expense payment solution, achieving seamless integration between SAP AP, ADP for employee payments, and AMEX for credit card payments, ensuring secure and efficient processing with advanced encryption.
IPO Readiness
To facilitate a potential $1.2 billion IPO for a part of the business, we performed a complex IT carve-out for a new legal entity. This included developing over 200 SAP objects, configuring financial, sales, materials management, and HR modules, and integrating EDI with trading partners and banks.
Cost Savings & Scalability
We migrated SAP data to AWS, resulting in cost savings exceeding $2 million. Additionally, we integrated lease/sales data from a cloud-based real estate management system (Tango) into SAP, adhering to the latest accounting standards.
Data-Driven Decision Making
We established data feeds and extracts to integrate Hyperion on Oracle Cloud with SAP FI, enabling robust business intelligence (SAP BI/HANA) and reporting capabilities.
Empowered Client:
By implementing a comprehensive finance transformation initiative, we empowered the client to achieve significant improvements in efficiency, accuracy, and reporting capabilities. The streamlined processes, integrated systems, and enhanced data accessibility laid the foundation for future growth and scalability, positioning them for continued success.