Financial processes with SAP FI/CO
A global logistics and transportation provider was facing significant challenges in its financial processes due to its manual accounting systems being error-prone and fragmented.
The Challenge
Manual accounting systems were time-consuming and error-prone, leading to delays in reporting and reducing transparency.
Existing accounting systems were fragmented, hindering a holistic analysis of cost structures.
Effective integration and harmonisation of financial systems across various subsidiaries was lacking, leading to compliance challenges.
The Answer
The client's decision to hire a specialised Vico with the support of Vicoland Consulting Services.
This involved a comprehensive SAP FI implementation, including the introduction of a centralised chart of accounts and the automation of accounts payable and accounts receivable.
SAP CO was integrated to enable detailed cost analysis and profitability assessments.
The project also involved end-to-end customisation to meet the specific requirements of the logistics industry, as well as training to ensure smooth adoption by the internal team.
To sum it up
The project was implemented within 16 months.
The standardised financial chart of accounts improved global integration.
A 28% cost advantage was realised over conventional providers.
The Vico enabled quick adaptation to industry-specific requirements.
The Vico: FInish & CO
We are a team of experienced SAP specialists focusing on finance within the production and logistics industries.
“The Vico had the necessary expertise in both SAP FI/CO and the logistics sector, which enabled the project to be implemented smoothly.”
Mark Saul, CEO Vicoland - SAP Services