Customer Feedback
Harmonizing Finance Processes in an SAP Deployment
Build a common finance model and prepare for deployment across multiple geographic regions.
The Mission at a Glance
The Company
An international luxury group
Background
A luxury group undertook an SAP implementation covering its commercial operations, headquarters, and manufacturing operations. The challenge was to harmonize management principles while taking into account local practices and financial inventory tracking.
The Challenge
Harmonizing local financial practices within an SAP deployment covering commercial and manufacturing operations.
Our Approach
The Process, Step by Step
Analyzing Local Practices
PALMER analyzed processes in the main geographic areas involved.
This assessment of the existing situation made it possible to identify specific considerations to take into account prior to deployment. The project involved discussions with the group’s finance department, subsidiaries, IT teams, and the system integrator.
Designing the Core Finance Model
The work focused on a common finance model and a shared chart of accounts.
The scope included, in particular, the purchase-to-pay and order-to-cash processes, intercompany transactions, sales, and returns. The Finance Business Process Owner served as the link between management principles and functional solutions.
Addressing Gaps and Industrial Needs
A gap analysis brought the target model closer to existing processes.
PALMER also contributed to an industrial management control model tailored to a manufacturing operation, with a focus on raw materials management. The documentation made the functional choices understandable to the teams.
Preparing for Transitions and Inventory Takeover
The project covered the preparation for inventory handover as well as support for addressing the impacts associated with decommissioning applications.
Coordinating the various stakeholders was essential to account for local realities while maintaining the consistency of the group-wide model. Decision points were formalized in a clear and accessible manner.
Work Completed
What the “
” initiative has implemented
- 01
A Core Model Finance and a common chart of accounts.
- 02
An analysis of discrepancies with the processes in the various regions.
- 03
An industrial management control model and its documentation.
- 04
Preparatory work for the inventory count.
The Firm’s Support
PALMER’s Contribution
PALMER leveraged its dual expertise in finance and information systems to serve as a bridge between the finance department, the subsidiaries, and the systems integrator. Key decision points were documented to facilitate understanding.
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