Financial processes with SAP FI/CO

A global logistics and transportation provider was facing significant challenges in its financial processes due to a fragmented system landscape and many manual steps

The problem

1.

Manual process steps proved to be time-consuming and error-prone, leading to delays in reporting and poor payment practices.

2.

Existing financial systems were not integrated, which made it difficult to report and analyze the financial figures holistically.

3.

Master data was not set up properly in the course of the S/4HANA transformation which led to additional manual effort.

The solution

1.

With the support of Vicoland Consulting Services, the client decided to bring a specialized Vico with industry expertise on board.

2.

A comprehensive SAP FI implementation, including the introduction of a centralized chart of accounts and the automation of accounts payable and accounts receivable.

3.

Integration of SAP CO to enable detailed cost analysis and profitability assessments.

About the company

The company focuses on truck transportation in western Europe since the 1970s.

Industry:

Logistics

Company size:

900 employees

Vico size:

17 members

Summary

  • Optimization and automation of company-wide financial processes
  • Improvement of the payment practice by 28%
  • Reduction of the cycle time of the accounts payable process by 45%

"The Vico had the necessary expertise in both SAP FI/CO and the logistics industry, guaranteeing a smooth execution of the project."

Vico "Rational" introduce themselves

We are an experienced team of SAP specialists focusing on finance in the manufacturing and logistics industry.

1702983051846

Michael B.

Vico Lead

Experience: 22 years

Responsibility in the project: Project management

1018316866

Christoph I.

Solution Architecht

Experience : 12 years

Responsibility in the project: FI/CO architecture

1576009417028

Esli R.

SAP CO Expert

experience :TBD

Responsibility in the project: Validation and extraction of data

175b78f8-eefa-48fc-8dcd-34332dc47286

Gwendo S.

Accounting Expert

Experience: 26 year

Responsibility in the project: Automation of accounts payable and accounts receivable

1673036027121

Mateusz K

S/4HANA Consultant

Experience: 7 years

Responsibility in the project: Training und change management

Group 1376 (3)

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